Property & Projects

Summary of change From 8 October 2024 (Effective Date), an agreement or contract for sale of land with a dutiable value of $20 million or more must be submitted directly to Revenue NSW via the eDuties portal for assessment. This change applies to both residential and non-residential property transactions lodged…

Mascot Towers case study on termination of strata scheme and collective sale Introduction Once a strata scheme is created on registration of the strata plan, an owners corporation will only be able to “end” the strata scheme in limited circumstances. The Mascot Towers is a “cautionary tale” of what owners…

The effect of strata levies on a winding up A liquidator has the power to sell all or any part of the property of a company to which the liquidator is appointed under section 477(2) of the Corporations Act 2001 (Cth) (Corporations Act). When the court appoints a liquidator to…

Acquisitions in an ‘interest in Australian land’ by a foreign person may be conditional on the Treasurer issuing a no-objection notification (FIRB Approval). Interest as lessee or licensee (Tenant Co) in a lease or licence giving rights to occupy Australian land may be considered as an ‘interest in Australian land’…

In a pivotal move for New South Wales' housing policy, the Department of Planning, Industry, and Environment (DPIE) has today announced the finalisation of new planning controls under an amendment to the Housing State Environmental Planning Policy (SEPP) for 18 Transport Oriented Development (TOD) precincts. These precincts, strategically located across…

The new unfair contract terms (UCT) regime took effect on 9 November 2023. A summary of this regime is set out in our article here. The new UCT regime applies to contracts which are: either consumer contracts or small business contracts; and standard form contracts. This may include off the…