Consumer Affairs Victoria (CAV) commenced proceedings in the Federal Court last week against real estate agency Hoskins Maroondah (Hoskins) and its director, alleging, among other things, that Hoskins underquoted on the sale of 26 properties … Continued
Background Foreign Investment Review Board (FIRB) approval may be required for investments by foreigners in Australia above certain thresholds. These depend on the type of investments and who the foreign investor is. Certain agreement country investors that have … Continued
The Exposure Draft for the GST withholding regime for property transactions has been released. This withholding regime was announced as part of this year’s Federal Budget and is targeted at increasing GST compliance for property … Continued
In December 2016, we provided an update on the re-establishment of the Australian Building and Construction Commission and the introduction of the new Code for the Tendering and Performance of Building Work 2016 (Code). A new … Continued
Foreign persons purchasing and holding real estate in Australia need to consider more than just whether they require the approval of the Foreign Investment Review Board (FIRB). They may also need to pay additional duty … Continued
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