Legal Insights

Improperly Drafted Exclusionary Clause Triggers Foreign Land Tax Surcharge For Discretionary Trust

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

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Navigating Land Access – New Land Access Code of Practice
Maddi Batchelor Maddi Batchelor

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.

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Stamp Duty Out, Commercial and Industrial Property Tax In Starting 1 July 2024

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).

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Giving data to subcontractors – lessons from recent Notifiable Data Breaches

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.

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Can I have a piece of the pie now? - Partial property settlements in family law matters
Family Law Natasha Vassallo Family Law Natasha Vassallo

Can I have a piece of the pie now? - Partial property settlements in family law matters

When going through a separation, it is important that you and your former spouse formalise a final property settlement and take the necessary steps to ensure that your financial ties to each other are cut. However, the process of negotiating and ideally reaching an agreement for a property settlement, making it binding and then implementing the agreement can often take some time.

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Government Unveils Hopeful Future with with the Release of Housing Australia Future Fund Facility (HAFFF) and National Housing Accord Facility (NHAF)
Property Law, Social & Affordable Housing Briget O’Callaghan Property Law, Social & Affordable Housing Briget O’Callaghan

Government Unveils Hopeful Future with with the Release of Housing Australia Future Fund Facility (HAFFF) and National Housing Accord Facility (NHAF)

In a landmark move aimed at addressing the national housing crisis, the first tender for the federal government’s Housing Australia Future Fund Facility (HAFFF) and National Housing Accord Facility (NHAF) is now open. The core objective of these programs is to finance new, high quality and well located social and affordable housing to address the current national housing crisis.

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Renowned Commercial and Property Lawyer Briget O’Callaghan Joins Harwood Andrews, Bolstering Property Expertise 
Harwood Andrews Harwood Andrews Harwood Andrews Harwood Andrews

Renowned Commercial and Property Lawyer Briget O’Callaghan Joins Harwood Andrews, Bolstering Property Expertise 

Harwood Andrews is thrilled to announce the addition of esteemed commercial and property lawyer, Briget O’Callaghan, and her colleague Evelyn Zeglinas, to its growing team. Briget and Evelyn bring a wealth of experience and a proven record of accomplishment to the firm, further solidifying its position as a leader in the property law space.

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Emma Buchanan promoted to special counsel
Harwood Andrews Harwood Andrews Harwood Andrews Harwood Andrews

Emma Buchanan promoted to special counsel

We are delighted to announce the promotion of Emma Buchanan, Emma has a long association with Harwood Andrews and has been of tremendous value-sharing focus between Property law and Precedents review and development. Please join us in congratulating Emma on this incredible achievement to special counsel.

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Baullo v Commissioner of State Revenue [2023] VCAT 1164: Beneficiary Loans, Land Transfer Duty, and Discretionary Trusts

Baullo v Commissioner of State Revenue [2023] VCAT 1164: Beneficiary Loans, Land Transfer Duty, and Discretionary Trusts

The VCAT ruling of Baullo v Commissioner of State Revenue [2023] VCAT 1164 (Baullo), has reaffirmed the position of the State Revenue Office (SRO) that forgiving beneficiary loans in relation to a distribution of property from a discretionary trust to a beneficiary will prohibit utilisation of the exemption to land transfer (stamp) duty afforded by section 36A of the Duties Act 2000 (Act).

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Binding Death Benefit Nominations – Notice and Conduct 

Binding Death Benefit Nominations – Notice and Conduct 

A binding death benefit nomination (BDBN) is a direction from a member of a superannuation fund to the trustee of the superannuation fund on how that person’s superannuation entitlements are to be paid or transferred on their death. In the absence of a BDBN, the trustee is not compelled to distribute the superannuation proceeds in accordance with the member’s wishes.

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Retail Leases Act 2003 does not apply to premises above third storey

Retail Leases Act 2003 does not apply to premises above third storey

Certain retail premises are excluded from the protection and requirements of the Retail Leases Act 2003 (Act), including premises used for the retail provision of services located above the first three floors in a multi-story building (Third Storey Exclusion). A recent VCAT ruling in Aqua Greenland Pty Ltd v Max Therapy School Pty Ltd (Building and Property) [2023] VCAT 449 has considered the Third Story Exclusion.

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