Changes to Commercial Building Disclosure

Monday, June 26, 2017

Recent changes to the Australian Government’s national Commercial Building Disclosure (CBD) program will soon require more vendors and lessors of commercial office spaces to make pre-market disclosure of energy efficiency ratings to prospective purchasers and lessees.  Read More >

A Summary of the 2017 Budget Outcomes for Foreign Property Investors

Tuesday, June 20, 2017

The 2017 Federal Budget handed down on 9 May 2017 expressly targeted foreign investment in Australian assets, particularly residential real property, which has been framed as a response to concerns regarding national housing affordability.  Read More >

Discretionary Trusts Remain a Valuable Asset Protection Tool

Thursday, March 23, 2017

A decision recently handed down by the Queensland Supreme Court has provided overdue clarity and relief for users of discretionary trusts for asset protection, and of course for the legal fraternity at large.   Read More >

Additional Foreign Acquirer Duty – Foreign Buyers Beware

Friday, October 07, 2016

As of 1 October 2016, “additional foreign acquirer duty” (AFAD) is being imposed on direct and indirect purchases of Queensland residential real estate by foreign buyers. Specifically, foreign buyers of residential property will be subject to a 3% surcharge, in addition to the transfer duty payable on the transaction.   Read More >

Amendments to the Retail Shop Leases Act Now Proclaimed

Tuesday, September 20, 2016

It’s confirmed - changes to the Retail Shop Leases Act are to apply on and from 25 November 2016.  Read More >

Guarantee Not Enforceable due to Failure to Disclose Terms of Another Guarantee

Friday, August 19, 2016

Failing to inform all guarantors about the terms of any variation of loan terms can be a risk for lenders, and can constitute misleading and deceptive conduct and release guarantors from liability.  Read More >

Foreign Resident CGT Withholding Regime Commences on 1 July 2016

Wednesday, June 29, 2016

The Tax and Superannuation Laws Amendment (2015 Measures No. 6) Act 2016, introducing the new foreign resident capital gains tax (CGT) withholding regime was passed by Parliament and received Royal Assent on 25 February 2016. The regime will apply from 1 July 2016. Under the new regime, purchasers of certain Australian assets from a relevant "foreign resident" will be required to withhold and remit 10% of the total consideration to the Commissioner of Taxation (Commissioner).  Read More >

Foreign Investment in Australia

Monday, May 09, 2016

Under Australia’s foreign investment framework, foreign persons generally need to apply for foreign investment approval before purchasing real estate in Australia.The Foreign investment laws in Australia have recently been reviewed.  The Government’s policy is generally to channel foreign investment into new dwellings as it creates jobs and helps economic growth.  There are some exceptions.  Below is a summary of how the foreign investment laws work in relation to acquiring real estate in Australia.  Read More >

MARCH 2016 QUARTER CPI FIGURES RELEASED

Tuesday, May 03, 2016

The Consumer Price Index for the March 2016 quarter was released by the Australian Bureau of Statistics on 27 April, 2016.  Read More >

Related Party Loans in your SMSF – Further Update

Friday, April 15, 2016

Safe Harbour Rules  Read More >