Property & Projects

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…

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…

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…