As Melbourne grows, the supply of appropriately located, zoned and serviced land for industrial development is tightening, and brings new challenges to acquire and/or develop land. Here are some key legal considerations we have seen … Continued
Entitlements, bonuses and commissions Developers commonly offer commission or bonus schemes as part of their contractual arrangements with sales employees and contractors. The reasons are obvious: incentivised pay attracts high quality talent, drives and motivates … Continued
The major Australian banks have made a strategic withdrawal from funding commercial property development in Australia. Previously the major banks had a market share of circa 85 percent of the $50 billion annual property finance … Continued
The recent Queensland Supreme Court decision of Re Narumon QSC 185, confirmed that, at least in that jurisdiction, an attorney (appointed under an enduring power of attorney) has the power to make, renew or extend … Continued
In NSW, where even a single potential beneficiary of a discretionary trust is a foreign beneficiary, the trust is treated as a foreign trust and therefore may be liable for purchaser surcharge duty (when it … Continued
Following on from the 2018-19 Federal Budget Papers (Budget Papers), the Federal Government has proposed to change the membership rules applying to SMSFs so that from 1 July 2019, an SMSF can have up to … Continued
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