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Property

BuildingConstructionDevelopmentLawProjectsProperty
2 July, 2020

Introduction of new law relating to serious defects and issuance of occupation certificates

Introduction The Residential Apartment Buildings (Compliance and Enforcement Powers) Act 2020 (NSW) (Act) was assented to on 10 June 2020 and will commence on 1 September 2020. The Act applies retrospectively and significantly impacts residential projects delivery, completion, developer cash flow and contractors risks. Developers (you) must note these changes…
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LawProperty
27 March, 2020

COVID-19 Emergency Lease Legislation

The COVID-19 Legislation Amendment (Emergency Measures) Act 2020 (NSW) (‘COVID Act') was assented to and became effective as at 25 March 2020. The COVID Act was introduced by the NSW Parliament to address the public health emergency impacts caused by COVID-19 in New South Wales. The measures introduced by the COVID…
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LawProperty
2 September, 2019

Changes to legislation for off-the-plan sales

The Conveyancing (Legislation) Amendment Act 2018 (Act) was passed by Parliament on 13 November 2018. It deals with aspects of electronic land transactions and off-the-plan sale contracts for residential property. The sections of the Act dealing with electronic land transactions took effect on assent being 22 November 2018. The sections…
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Property
17 May, 2017

Proposed cap on foreign ownership in New Dwelling Exemption Certificates aimed at reducing pressure on housing affordability.

In the 2017-2018 Federal Budget the Government announced several changes aimed at reducing pressure on housing affordability, some of which affect foreign ownership of Australian residential property. The biggest change is the introduction of a cap on foreign ownership in new developments, through a condition on New Dwelling Exemption Certificates…
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