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Absentee land tax – changes from 1 July 2017

Absentee land tax – changes from 1 July 2017

As of 1 July 2017, a 1.5% land tax surcharge is being imposed by the Queensland Government on absentee land owners. This is known as the absentee land tax. An…

Casuals converting to permanent employment – can it be done?

Casuals converting to permanent employment – can it be done?

The Fair Work Commission reviews modern awards every 4 years to make sure the awards continue to provide a fair and minimum safety net to employees. In the most recent…

Protecting yourself when you provide goods on credit

Protecting yourself when you provide goods on credit

What is the Personal Property Securities Register (PPSR)? The PPSR is a real time online national register on which secured parties such as financiers and suppliers can register their security…

Foreign Investors – the effect of Budget 2017 changes

Foreign Investors – the effect of Budget 2017 changes

Let’s recap on changes which have now taken effect following the latest Federal Budget. The tax increases and charges to foreign buyers are estimated to bring in an extra $600…

Disclosure Statements for unit or townhouse conveyancing – is it just a whole lot of useless paperwork?

Disclosure Statements for unit or townhouse conveyancing – is it just a whole lot of useless paperwork?

Well, it is more paperwork… but it is important! Queensland legislation requires sellers of units to disclose certain matters to buyers. The amount of disclosure that is required will depend…

Selling or buying for $750K+ – ATO Clearance certificate now required

Selling or buying for $750K+ – ATO Clearance certificate now required

What’s the change? Last year, the Australian Taxation office brought in new requirements for property sellers to assist with the collection of foreign resident’s tax liabilities. On 1 July 2017,…

Why do I have to get insurance for my property before it settles?

Why do I have to get insurance for my property before it settles?

When you sign a contract to purchase a house or unit, one of the first things your solicitor will tell you to do is – take out insurance. But what…

Do I have to pay a body corporate special levy charged on the unit I am buying?

Do I have to pay a body corporate special levy charged on the unit I am buying?

What is a body corporate special levy? The normal body corporate levies payable by unit owners are the Administrative Fund levies for the everyday running costs of the body corporate,…

How do I extend the date for Settlement under my Contract?

How do I extend the date for Settlement under my Contract?

In Queensland property conveyancing, dates are crucial and essential terms of the contract. In the real world, it is very common for dates to be varied by agreement between the…

What is aggregated stamp duty?

What is aggregated stamp duty?

If you ever buy or transfer two or more properties in one arrangement, this article is for you. Most people in the property market know of transfer duty (formerly known…

Have you lost your title deed?

Have you lost your title deed?

What is a title deed? A title deed, most commonly known as a certificate of title, is a paper record showing the current owner and title particulars of a property.…

Sellers – make sure you disclose all easements in the contract!

Sellers – make sure you disclose all easements in the contract!

Sellers need to avoid giving buyers an easy “out” of the sale contract. One of the most common of these is if an encumbrance on the property, such as an…

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