Help for borrowers
Two recent announcements regarding proposed changes in Government (and Government agency) policy settings are targeted at assisting certain purchaser borrowers in the residential property market.
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Herald Apartments – all settled
Ferguson Craig Lawyers has assisted EG Developments and Stronach to complete a large scale mixed use development on the corner of King and Bolton Streets in Newcastle's East End.
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Fair Trading Amendment (Short –term Rental Accommodation) Act 2018
Fair Trading Amendment (Short –term Rental Accommodation) Act 2018 The New South Wales short-term holiday letting industry is estimated to be worth $15 billion to the Australian economy. The popularity of short-term rental...
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Changes to off the plan contracts
Conveyancing Legislation Amendment Bill 2018 – Paperless settlements, protections for purchasers and increased obligations for vendors Amendments to the Conveyancing Act 1919 and the Real Property Act 1900 commenced in...
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New GST Withholding Rules
New GST withholding provisions (GST withholding rules) coming into effect on 1 July 2018 are directed at “phoenixing” activity by some developer entities. Under the existing tax arrangements, in some instances the...
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Allocation of unit entitlements
In this post we highlight the changes to the way the initial allocation of unit entitlements in a strata scheme is to be determined by developers. What are unit entitlements? Unit entitlements are a lot owner’s ‘share’...
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