Property Archives - Page 4 of 6

Law Property

8 July, 2022

NSW duties and penalty changes now in force

Is duty payable on a call option in NSW? It is now. Introduction The State Revenue and Fines Legislation Amendment (Miscellaneous) Bill 2022 (NSW) (Bill) was introduced into NSW Parliament on 23 March 2022 and was assented to on 19 May 2022. The Bill is now referred to as State…

bluesix

Contracts Projects Property

13 May, 2022

Jin Yi Construction Pty Ltd v Romeciti Eastwood Pty Ltd [2022] NSWSC 56

When is a purchaser in an off the plan sale entitled to terminate its contract? The Supreme Court of NSW declared earlier this year in Jin Yi Construction Pty Ltd v Romeciti Eastwood Pty Ltd NSWSC 56 that the purchaser of a commercial strata unit was entitled to rescind the…

bluesix

Development Law Projects Property

20 January, 2022

New changes to community land laws

The Community Land Development Act 2021 (NSW) (Development Act) and Community Land Management Act 2021 (NSW) (Management Act) reforms have commenced on 1 December 2021. The new laws are aimed to modernise the development, management and operation of community schemes in NSW. See below brief introduction on community schemes and…

bluesix

Building Construction Contracts Property

11 November, 2021

Charging clauses in residential home building contracts

This article considers whether a licensed contractor can insert a charging clause in a residential home building contract. This question is important because it determines whether a licensed contractor can secure their entitlement to receive payment from a residential homeowner. A secured entitlement helps mitigate the risk of non-payment. Charging…

bluesix

Development Law Projects Property

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…

bluesix

Law Property

11 October, 2021

Stamp Duty – a summary on the existing framework and proposed future changes

In this article, we will: provide a quick refresher on how and when transfer duty and call option assignment duty is assessed under the Duties Act 1997 (NSW) (Duties Act); and provide an update on the proposed changes on transfer duty after announcement of the 2021-2022 State Budget. PART 1…

bluesix

Building Contracts Law Property

30 August, 2021

Caveats – who, what, why?

What is a caveat? A caveat is a form of warning with respect to land. A caveat alerts others that the person who lodged the caveat (caveator) has an unregistered interest in the land against which the caveat is lodged (although at times it may not be an eligible interest…

bluesix

Law Property

24 August, 2021

Introduction to the PPSA

Most businesses and many individuals will be asked to either give a security interest over their personal property or will want to benefit from a security interest over another’s personal property. Personal property is any property which is not land. The Personal Property Securities Act 2009 (Cth) (PPSA) provides a…

bluesix

Law Property

28 July, 2021

The Personal Property Securities Act 2009 (Cth) and retention of title

If you supply goods under retention of title arrangements, you need to know about the Personal Property Securities Act 2009 (Cth) (PPSA). Registering your interest in goods supplied under retention of title arrangements on the Personal Property Securities Register (PPSR) is essential to protect suppliers in the event of purchaser…

bluesix

Building Construction Law Property

2 June, 2021

NSW reform | New obligations for design and building practitioners and professional engineers

Recap The Design and Building Practitioners Act 2020 (‘DBP Act’) assented on 10 June 2020 created a statutory duty of care on residential builders to owners of land and each subsequent owner of the land (owners corporations and lot owners) over and above the statutory warranties provided under the Home…

bluesix

Property

Categories

Archives