In community titles schemes, body corporates are often called upon to make decisions concerning the rights of owners. Tensions can rise where a lot owner has proposed a motion and ...
In community titles schemes, body corporates are often called upon to make decisions concerning the rights of owners. Tensions can rise where a lot owner has proposed a motion and their motion is rejected – and often parties will seek to take the matter further.
Revenue NSW has issued a Revenue Ruling that exempts Australian based developers that are ‘foreign persons’ from surcharge purchaser duty and surcharge land tax for new home development. The Ruling operates from 5 March 2018, when the legislation that was announced in the 2017/18 Budget came into effect.
The Planning and Environment Court’s determination in Fairmont Group Pty Ltd v Moreton Bay Regional [2018] QPEC 20, which held that ‘exempt clearing work’ can be made assessable under a planning scheme, is having wide-ranging impacts on all industries including resources, agriculture and development.
Fairmont Group Pty Ltd sought declarations about its right to clear land identified as ‘Category X’ under the Vegetation Management Act 1999 (Qld) (VMA) (land that is not otherwise identified as containing any significant vegetation for the purposes of the VMA).
In an extraordinary decision with wide-ranging impacts, the Planning and Environment Court has determined that a development approval may be required to clear Category X land, notwithstanding that it is “’exempt clearing work” ‘ under the Planning Regulation 2017 (Regulation).
Recently, the Valuer-General began issuing statutory valuations for all land in Queensland. Deductions for site improvements now apply for all land valued using the Site Value methodology, which is all residential and commercial land that is not zoned rural. Farmers may be eligible for the farming concession.
Earlier this month, the Valuer-General issued statutory land valuation notices for all land, including commercial and residential land, in various local government areas throughout Queensland. The effective date of the valuations is 30 June 2018 and will be the basis for determining your rates and any land tax for FY18/19.
A new system of GST withholding will start from 1 July 2018.
Instalment contracts for the sale of land in Queensland have traps for unwary vendors.
This alert will be relevant to all landowners, developers and utility operators who carry out development in Queensland. The Queensland Government recently released an Issues Paper proposing key changes to the existing Cultural Heritage Duty of Care Guidelines under the Aboriginal Cultural Heritage Act 2003 (Qld) (the Act). The Government
An unexpected measure in the 2017 Budget is that, as from 1 July 2018, purchasers of new residential properties or land in new subdivisions will be required to collect and remit GST to the ATO when
Developers can benefit under the GST margin scheme where adjacent properties are acquired and consolidated into a single development lot. This is often the case where the developed lots are sold under a community titles scheme.
Cooper Grace Ward acknowledges and pays respect to the past, present and future Traditional Custodians and Elders of this nation and the continuation of cultural, spiritual and educational practices of Aboriginal and Torres Strait Islander peoples.
Fast, accurate and flexible entities including companies, self-managed superannuation funds and trusts.