Improperly Drafted Exclusionary Clause Triggers Foreign Land Tax Surcharge For Discretionary Trust
This ruling from the New South Wales Civil and Administrative Tribunal (the Tribunal) serves as an important reminder for ensuring that discretionary trust deeds are appropriately amended to prevent the activation of "foreign" land transfer (stamp) duty and land tax surcharges
Navigating Land Access – New Land Access Code of Practice
As Victoria follows the rest of the world in shifting towards green electricity, it is inevitable that more power transmission lines will be needed. Which means power companies will be asking more and more landowners across regional and rural Victoria for access to their land, and then to build transmission towers.
UNFAIR CONTRACT TERMS IN REAL ESTATE CONTRACTS (INCLUDING LEASES)
From 9 November 2023, consumers and small businesses have had increased protection from unfair contract terms contained in standard form contracts under the Australian Consumer Law and Competition and Consumer Act 2010 (Cth). We wrote generally about these protections in our update Constructing a fair contract can save you millions.
Stamp Duty Out, Commercial and Industrial Property Tax In Starting 1 July 2024
From 1 July 2024, a new state taxes regime commences for certain commercial and industrial properties. Upfront land transfer (stamp) duty will be phased out in lieu of a new annualised Commercial and Industrial Property Tax (New Tax).
Giving data to subcontractors – lessons from recent Notifiable Data Breaches
We are all too familiar with the growing number of data breaches in both Australia and abroad. The Office of the Australian Information Commissioner (OAIC) recently issued its Notifiable Data Breaches Report (Report) for June 2023 to December 2023, revealing some concerning findings.