The Queensland Government handed down its 2011-12 State Budget on Tuesday, 14 June 2011. The Budget includes major revenue reforms and assistance packages. One of those is the change to ...
The Queensland Government handed down its 2011-12 State Budget on Tuesday, 14 June 2011. The Budget includes major revenue reforms and assistance packages. One of those is the change to how transfer duty is now calculated. The Budget now provides for the possibility of an increased temporary first home owner
The Queensland government has passed a Bill that amends the Retail Shop Leases Act 1994 (Qld) (Act). The amendments commenced on 4 April 2011 and they have significant implications for both landlords and tenants.
The Body Corporate and Community Management and Other Legislation Amendment Act 2010 (Qld) received royal assent on 14 April 2011.
The Body Corporate and Community Management and Other Legislation Amendment Act 2010 (Qld) was passed on 6 April 2011 and will commence on a date to be set (but expected shortly).
The Queensland Government has introduced new pool safety laws that will amend the Building Act 1975 (Qld). The laws affect new and existing pools. The new pool safety laws will have significant implications for sellers, buyers, landlords, tenants and real estate agents.
From 1 November 2010, the Building Energy Efficiency Disclosure Act 2010 (Cth) will require prospective sellers, lessors and sub-lessors of commercial office space exceeding 2,000 sq. metres in nett lettable area (NLA) to obtain and disclose energy efficiency information for the premises to all prospective buyers and tenants.
Section 84 of the Property Law Act in Queensland provides that a mortgagee may not exercise the power of sale unless a notice under section 84 has been served on the mortgagor and the specified default is not remedied within 30 days from service of the notice.
New versions of the REIQ Contracts for House and Residential Land (7th edition) and Residential Lots in a Community Titles Scheme (3rd edition) were introduced on 1 July 2010. The amendments to previous versions of the REIQ Contracts are primarily due to the new national unfair contracts laws and are
The Land Tax Amendment Bill 2010 (Qld) (Bill) was introduced to Parliament on 23 March 2010.
The Property Agents and Motor Dealers and Other Legislation Amendment Bill 2010 (Qld) (Bill) was introduced to Parliament on 24 March 2010.
The Federal Government is expected to introduce new laws in mid 2010 which will require the disclosure of energy efficiency information for commercial office buildings.
On 26 February 2010 the Supreme Court of Queensland handed down a decision which illustrates the importance of carefully drafting special conditions in property contracts.