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Tag: Property & Development

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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