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Development

Double Trouble: Increase to Foreign Investment financial penalties DevelopmentProperty & Projects
31 January, 2023

Double Trouble: Increase to Foreign Investment financial penalties

  Starting 1 January 2023, penalties for breaching Foreign Investment Review Board (FIRB) regulations related to foreign acquisitions of residential land will be doubled, per the Foreign Acquisitions and Takeovers Act 1975 (Cth). This measure, further to the 2022 changes, has been introduced as part of the Labor Government’s 2022…
Victoria Caldwell
New Licensing Regime for NSW and the Commercial Construction Sector ConstructionDevelopment
9 January, 2023

New Licensing Regime for NSW and the Commercial Construction Sector

  If you are carrying out commercial construction work or considering moving into the commercial construction sector on the basis of its (currently) relaxed licensing requirements, we recommend that you read this article. NSW is the only jurisdiction in Australia that does not require a building licence to carry out…
Victoria Caldwell
National Security Actions: the new foreign investment review framework DevelopmentProperty & Projects
29 October, 2021

National Security Actions: the new foreign investment review framework

Earlier in January 2021, the Foreign Investment Review Board (FIRB) introduced a new national security test. Many investments and acquisitions which were previously not ‘notifiable actions’ or ‘significant actions’ under the Foreign Acquisitions and Takeovers Act 1975 (Cth) (FATA) are now subject to compulsory or voluntary notifications. Under the new…
Victoria Caldwell
New levy, penalties and prohibitions to the RAB Act and the DBP Act. ConstructionDevelopment
22 July, 2021

New levy, penalties and prohibitions to the RAB Act and the DBP Act.

On 8 June 2021, the NSW Parliament passed the Building Legislation Amendment Act 2021 (Amending Act) which made several key amendments to the Residential Apartment Buildings (Compliance and Enforcement Powers) Act 2020 (NSW) (RAB Act), and the Design and Building Practitioners Act 2020 (NSW) (DBP Act). The Amending Act focuses on enhancing the…
Victoria Caldwell
Introduction of new law relating to serious defects and issuance of occupation certificates ConstructionDevelopmentProperty & Projects
2 July, 2020

Introduction of new law relating to serious defects and issuance of occupation certificates

Introduction The Residential Apartment Buildings (Compliance and Enforcement Powers) Act 2020 (NSW) (Act) was assented to on 10 June 2020 and will commence on 1 September 2020. The Act applies retrospectively and significantly impacts residential projects delivery, completion, developer cash flow and contractors risks. Developers (you) must note these changes…
Victoria Caldwell
NSW Government announces first tranche of projects for fast-tracked assessment ConstructionDevelopmentProperty & Projects
30 April, 2020

NSW Government announces first tranche of projects for fast-tracked assessment

On 28 April 2020, in a bid by the NSW Government to stimulate and lift the economy out of the COVID-19 pandemic, it announced the first tranche of construction projects to undergo the Planning System Acceleration Program (Program). The first tranche of projects The first tranche of projects to undergo…
Victoria Caldwell
COVID-19 UPDATE: Construction sites permitted to operate on weekends + public holidays Development
22 April, 2020

COVID-19 UPDATE: Construction sites permitted to operate on weekends + public holidays

Two Ministerial Orders have been released in relation to the operation of construction sites under the Environmental Planning and Assessment (COVID-19 Development – Construction Work Days) Order 2020 and the Environmental Planning and Assessment (COVID-19 Development – Infrastructure Construction Work Days) Order 2020 (collectively, Orders). Under both Orders, construction sites…
Victoria Caldwell
COVID 19 Update – Temporary Changes to Foreign Investment Framework DevelopmentProperty & Projects
16 April, 2020

COVID 19 Update – Temporary Changes to Foreign Investment Framework

Temporary changes to Australia’s foreign investment review framework were effective as at 10.30pm, by legal time in the ACT, on 29 March 2020 (Effective Time). The changes were made in response to the economic impact caused by the COVID-19 pandemic. Key changes and implications Key changes to the foreign investment…
Victoria Caldwell