When purchasing a residential property, the buyer generally has a 5 business day cooling off period after exchanging the contracts. During the cooling off period, the buyer can rescind (cancel) the contract and purchase of the property and will only have to pay the seller 0.25% of the purchase price.Read More
Changes to the law in June 2016 meant that foreign persons acquiring residential property in NSW were liable to pay a surcharge on the usual stamp duty payable on the purchase. If a foreign person owned a residential property from 31 December 2016, they were also liable for a land tax surcharge and are not...Read More
Superannuation is becoming an increasingly important part of estate planning. To ensure that your superannuation is dealt with in accordance with your wishes, and to avoid costly and unintended consequences, it is important to ensure you have validly provided instructions to the Trustee of your Superannuation Fund. Directing a Super Fund on how they are...Read More
National Cabinet Mandatory Code of Conduct – SME Commercial Leasing Principles During COVID-19 On 7 April 2020, the National Cabinet released its Mandatory Code of Conduct (Code) to assist commercial landlords and tenants manage existing leasing arrangements in response to the commercial disruption caused by the Coronavirus Pandemic. The Code applies where a tenant is...Read More
