Blog News

12 April 2018

Paying GST for the Purchase of Commercial Property

Clients often come to me asking me to draft up or review their commercial property purchase or sale contract. The first thing they will tell me is the price, and the first question I ask is ‘plus or including GST?’ Whilst a lot of the time the GST Exemption for a Going Concern applies, it […]

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6 April 2018

Can minors buy property?

Before you are 18 years old, you cannot drink alcohol or vote in public elections. But does the law allow you to buy residential or commercial real estate? Signing a Contract under-aged In Queensland, the Property Law Act 1974 (Qld) provides that a buyer of property in Queensland is presumed to be – At least […]

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19 March 2018

Businesses and confidential information – what happens if you have a data breach?

Whilst this topic can keep any prudent business owner up at night (if they don’t have proper IT protections), new legislation came into play on 22 February 2018 which should keep us all up at night if we don’t put the proper protections in place. The Privacy Act (the “Act”) was amended on 22 February […]

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12 March 2018

GST Withholding on Residential Property Development

In the 2017 budget, the Federal government announced a new GST withholding regime to be applied to all residential developments. Draft legislation was released late 2017 providing a glimpse into some significant changes for developers (in particular) and buyers alike. GST on residential property sales – the current situation Sales of new residential properties (i.e. […]

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8 March 2018

Should the lease be registered with the Land Titles Office?

Parties to a commercial lease often rapidly work towards finalising the terms of the lease, having all relevant documents signed and ensuring bank guarantees and insurance are in place – ; so that the tenant can take possession, do any fit out and start paying rent. It is often an after-thought consideration whether or not […]

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14 August 2017

Absentee land tax – changes from 1 July 2017

As of 1 July 2017, a 1.5% land tax surcharge is being imposed by the Queensland Government on absentee land owners. This is known as the absentee land tax. An ‘absentee’ land owner is not just a foreign owner –  it can include Australian citizens who do not ordinarily live or reside in Australia. If […]

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10 August 2017

Casuals converting to permanent employment – can it be done?

The Fair Work Commission reviews modern awards every 4 years to make sure the awards continue to provide a fair and minimum safety net to employees. In the most recent review, the Fair Work Commission decided that all awards should provide a right for casual employees to convert to part-time or full-time permanent employment in […]

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27 July 2017

Protecting yourself when you provide goods on credit

What is the Personal Property Securities Register (PPSR)? The PPSR is a real time online national register on which secured parties such as financiers and suppliers can register their security interests in personal property. A ‘security interest’ is defined in the Personal Property Securities Act 2009 (PPSA) as an interest in personal property that secures […]

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19 July 2017

Foreign Investors – the effect of Budget 2017 changes

Let’s recap on changes which have now taken effect following the latest Federal Budget. The tax increases and charges to foreign buyers are estimated to bring in an extra $600 million for the government over the next 4 years. Buyers and sellers need to be on their toes in order to comply with the changes. […]

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13 July 2017

Disclosure Statements for unit or townhouse conveyancing – is it just a whole lot of useless paperwork?

Well, it is more paperwork… but it is important! Queensland legislation requires sellers of units to disclose certain matters to buyers. The amount of disclosure that is required will depend on whether the property you are purchasing is completed, or if it is to be completed at some stage after the contract has been signed. […]

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