Another step in the process - GST withholding obligations commence 1 July 2018.4 April 2018 | Property & Commercial Law
The legislation introducing GST withholding obligations for buyers of new residential properties has now passed both houses of parliament. As a result, buyers will be required to withhold and pay GST to the ATO, commencing from 1 July 2018. Contracts...
Attention landlords! New legislation affecting ability to recover land tax27 June 2017 | Property & Commercial Law
On 22 June 2017, Queensland Parliament passed the Revenue Legislation Amendment Bill 2017 to close what it saw as a loophole in the law relating (only) to non-retail leases unfairly benefitting landlords and penalising tenants. Parliament clearly took the
Expanded scope of energy efficiency disclosure laws14 June 2017 | Property & Commercial Law
From 1 July 2017, the threshold for disclosing the energy efficiency of commercial office space will be reduced to 1,000m2 (currently 2,000m2). If your building is caught by this threshold then, subject to some exceptions, you must obtain a Building...
Amendments to Retail Shop Leases Act take effect to restore Lessor’s defence for defective13 June 2017 | Property & Commercial Law
The Court and Civil Legislation Amendment Act 2017 (Qld) (the Act) received assent on 5 June 2016. The Act makes amendments to over 30 acts and across a range of subject matters. Most relevant, the lessor’s defence for defective disclosure contained
Lessor’s defence for defective disclosure restored to the Retail Shop Leases Act25 May 2017 | Property & Commercial Law
Queensland Parliament have now passed the Court and Civil Legislation Amendment Bill 2017 on 23 May 2017. The Bill restores the lessor’s defence for defective disclosure to the Retail Shop Leases Act 1994. Once the Bill receives assent (expected in.
More property sales to be caught by foreign resident CGT laws23 May 2017 | Property & Commercial Law
The Federal Government’s crackdown on foreign residents not paying CGT is set to expand following the budget announcement that the relevant threshold for withholding will drop to $750,000 from 1 July 2017. This means, procedurally at least, more...