When doing any transaction, especially related party transactions, consider the claw back provisions under the Bankruptcy Act, the 2 main ones being: 120. Undervalued transactions see http://www.austlii.edu.au/au/legis/cth/consol_act/ba1966142/s120.html 121. Transfers to defeat creditors see http://www.austlii.edu.au/au/legis/cth/consol_act/ba1966142/s121.html Most people forget about the state legislation as well: e.g. Conveyancing Act 1919 (NSW) 37A. Voluntary alienation to defraud creditors voidable see http://www.austlii.edu.au/au/legis/nsw/consol_act/ca1919141/s37a.html Each State has its own legislation similar to the s37A What the above sections mean is that a transaction entered into with the intent of defeating creditors or putting property out of reach of the trustee in bankruptcy (if you were to go bankrupt) could be attacked. This can even apply to future creditors. So take care in how you do things, especially related party transfers such as changing title on property. I should post one legal tip per day - only on the areas of law that interest me.