06/04/2022
Broad ranging stamp duty amendments currently being considered in NSW include extending duty to change of beneficial ownership transactions, expanding anti-avoidance provisions, increasing penalties for SGEs and introducing promoter penalties. On 23 March 2022, the State Revenue and Fines Legislation Amendment (Miscellaneous) Bill 2022 (NSW) was introduced into the New South Wales Legislative Assembly. The […]
04/02/2022
The Commercial Tenancy Relief Scheme Regulations 2022 (Regulations) have been released, providing relief for eligible tenants from 16 January 2022 to 15 March 2022. Eligibility Tenants who are ‘small entities’ may be eligible. A $10m turnover threshold applies, which is based on the year ended 30 June 2021 in most cases. This is lower than […]
23/11/2021
With Australia’s increasing infrastructure pipeline and property needs, our SW Property & Infrastructure experts can help you navigate your risk management, financial and regulatory needs. The Australian property and construction sector’s growth has softened due to rising borrowing costs and supply chain disruptions. Commercial developments have been impacted through decreased demand for office spaces and […]
26/10/2021
Learn the major changes in the Victorian property and tax landscape. Co-hosted with Bridgestone Property Group and Align Law, our experts discussed: Commercial real estate market update and recent transactions Windfall gains tax Build to Rent Concessions Your guides online James YeDirector, SW Robert ParkerConsulting Director, SW Chao ZhangDirector, Stonebridge Property Group Amber LiProperty Law […]
28/09/2021
The ruling on the definition of ‘land development’ is of particular relevance to nomination arrangements under a contract of sale of land and to foreign purchasers in Victoria. In September 2020, draft ruling DA-064 on the meaning of the term ‘land development’ was released for consultation. The Victorian Commissioner’s view under the draft ruling was […]
25/08/2021
The NSW Government land tax relief is now available to commercial and residential landowners who provide a reduction in rent to tenants experiencing financial distress due to COVID-19. Following a similar scheme provided in 2020, the current program provides a reduction in land tax payable for the 2021 land tax year for eligible landowners providing […]
12/07/2021
What is happening now that is shaping future opportunities? Property and economics are often cyclical in nature. For this reason, experts often use the past to predict a future outlook. However, with global disruption, the level of uncertainty has increased drastically, with many experts uncertain if we can look back to predict our future. For […]
25/11/2020
Key Takeaways Property $6bn Big Housing Build package 12,200 new social and affordable homes $111m to implement planning reforms and reduce red tape to fast-track new projects Stamp duty waiver of 50% on new residential property transactions of up to $1m (worth up to $27,500) Stamp duty waiver of 25% on existing residential property transactions of up […]
01/10/2020
Following the Premier’s announcement in August 2020 regarding the intention to extend and modify the Regulations applicable to rent relief for commercial tenancies, the Victorian Governor in Council published the Amendments on 29 September 2020. As an update to our previous alert regarding commercial tenant and landlord relief, the following Regulations and Amendments are now […]
09/09/2020
David Chu, Head of International Business, discusses the pressures on and changes to the property market as a result of the pandemic. David Chu, Head of International Business, recently joined Thomas Sung on the SBS Radio Cantonese Program to discuss the Australian property market from a financial perspective. Listen to the podcast episode in Cantonese or […]