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The newly introduced Property Developers Act 2024 (ACT) DevelopmentProperty & Projects
18 November, 2024

The newly introduced Property Developers Act 2024 (ACT)

Introduction The recent introduction of the Property Developers Act 2024 (ACT) (the Act) will change the landscape of residential property development in the Australian Capital Territory. This article provides an overview of the most pertinent provisions and legislative effect. Commencement of the Act The Act has a staggered commencement. Provisions…
Victoria Caldwell
Change To Duties Lodgement Rules Affecting Transaction Timeframes Property & Projects
26 September, 2024

Change To Duties Lodgement Rules Affecting Transaction Timeframes

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…
Victoria Caldwell
Leases and licences under the Foreign Acquisitions and Takeovers Act 1975 (Cth) – an analysis of commonly mistaken concepts Property & Projects
13 June, 2024

Leases and licences under the Foreign Acquisitions and Takeovers Act 1975 (Cth) – an analysis of commonly mistaken concepts

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’…
Victoria Caldwell