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Tag: Property & Development

SA Land Tax: Amending Bill introduced into State Parliament

SA Land Tax Update: The SA Government introduced its controversial Land Tax (Miscellaneous) Amendment Bill 2019 to State Parliament on Wednesday, 16 October 2019.The SA Land Tax “Battle” Enters its…

South Australia: Proposed Land Tax Changes

Very Taxing Times for Property InvestorsOn 9 September 2019, following the delivery of the State Budget on 18 June 2019, the SA Government released the much-anticipated draft of the Land…

Being Aware of the Holding Over Period at the end of a Lease

On 22 February 2019, in the case of Pastina Pty Ltd v Hosanna Excelsis One Universal Church Inc [2019] SASC 18, the Supreme Court of South Australia set a new…

GST withholding for residential property developers

On 29 March 2018, the Treasury Laws Amendment (2018 Measures No.1) Act 2018 (Act) received royal assent. The Act creates a new “GST withholding regime” From 1 July 2018, purchasers…

Coalition Crackdown: Government forces foreign nationals to sell

On 6 February 2017, the Treasurer, the Hon Scott Morrison, announced that, in the last 6 months, he had ordered the sale of a further 15 Australian residential properties—purchased by…

Changes to SA Security of Payment Law – Consultation Phase

The South Australian Small Business Commissioner is seeking feedback on possible amendments to the Building and Construction Industry Security of Payment Act 2009.  A number of changes, some significant in…

Foreign Resident Capital Gains Withholding Tax

From 1 July 2016, purchasers of real property, including exploration & mining interests – with a value of $2 million or more – must withhold 10% of the price and…

The Real Property (Electronic Conveyancing) Amendment Bill 2016

The Real Property (Electronic Conveyancing) Amendment Bill 2016 (the Bill) passed both houses on 7 June 2016 and is now awaiting assent. This Bill makes significant amendments to the Real Property…

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