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Property & Projects

TOD and LMR Programs – Developers must engage DevelopmentProperty & Projects
17 May, 2024

TOD and LMR Programs – Developers must engage

Department and Developer Led Housing Increase The Transported Oriented Development (TOD) Program and the Low and Mid-Rise Housing (LMR) Program (together Programs) are opening up opportunities for increased development in targeted areas and regions of NSW. The Programs are initiatives not just to increase housing development to address the current…
NSW Housing Policy Advances with New Planning Controls for Transport Oriented Development Precincts Property & Projects
29 April, 2024

NSW Housing Policy Advances with New Planning Controls for Transport Oriented Development Precincts

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…
Proposed New Tax Breaks for BTR Investment and Development Property & Projects
10 April, 2024

Proposed New Tax Breaks for BTR Investment and Development

The Federal Government has this week released draft legislation aimed at stimulating investment and development within the build-to-rent sector, aligning with its ambitious objective to construct 1.2 million new residences by 2029. This legislation, proposed to amend the Income Tax Assessment Act 1936, 1997 and 1953, seeks to introduce tax incentives…
Summary of New Important Changes to the Foreign Investment Legislation Property & Projects
25 March, 2024

Summary of New Important Changes to the Foreign Investment Legislation

The Foreign Acquisitions and Takeovers Fees Imposition Amendment Bill 2024 (Fees Imposition Bill) and Treasury Laws Amendment (Foreign Investment) Bill 2024 (Foreign Investment Bill) have recently been introduced by the Federal Government to again change the foreign investment legislation. These Bills will have a substantial impact on foreign buyers acquiring Australian…
Taking Security from Related Entities of a Borrower – Unreasonable Director-Related Transactions CommercialInsolvencyProperty & Projects
15 March, 2024

Taking Security from Related Entities of a Borrower – Unreasonable Director-Related Transactions

Case note - Cooper as Liquidator of Runtong Investment and Development Pty Ltd (In Liq) v CEG Direct Securities Pty Ltd FCA 6 The recent case of Cooper as Liquidator of Runtong Investment and Development Pty Ltd (In Liq) v CEG Direct Securities Pty Ltd FCA 6 (Cooper), shed light…
Changes To The Strata Building Bond And Method Of Calculation ConstructionDevelopmentProperty & Projects
9 February, 2024

Changes To The Strata Building Bond And Method Of Calculation

The Building Legislation Amendment Act 2023 (NSW) The Strata Building Bond & Inspections Scheme (SBBIS) was introduced in 2018 to provide some protection to owners’ corporations in relation to defects. On 21 November 2023, the NSW Parliament passed the Building Legislation Amendment Act 2023 (NSW) (BLA) which makes 2 significant…