In the media – National
Once again, Australia's sustainable property
portfolios lead the world
Australia and New Zealand continue to lead the world in
sustainable real estate practices, according to the latest GRESB
report (23 September 2015).
More...
Money laundering poses risk to property lawyers
Money laundering activities are rife in the property
industry and lawyers could be implicated if they are not careful,
according to a financial crime consultant (22 September
2015).
More...
Additional divestment of illegally owned
properties
The Treasurer announces that he has ordered the sale of
five additional residential properties unlawfully held by foreign
nationals. The foreign investors involved either purchased
established property without Foreign Investment Review Board
approval, or had approval but their circumstances changed (16
September 2015).
More...
In the media – New South Wales
Urban Taskforce: Innovative plan for social and
affordable housing
The innovative plan for a partnership between the private
sector and State Government to overhaul the Ivanhoe public housing
estate near Macquarie University will provide a diverse mix of
social, affordable and private dwellings (25 September 2015).
More...
New land release will boost housing
supply
Planning Minister Rob Stokes today announced the first major land
release in Greater Sydney for a decade, and a new vision for the
Greater Macarthur region (22 September 2015). More...
World class Parramatta CBD one step closer
Planning Minister Rob Stokes has announced a new
partnership between the NSW Government and Parramatta City Council
to plan the future of Parramatta's Central Business District
(18 September 2015). More...
Online planning expansion to make life easier
Planning Minister Rob has announced a $3.3 million
expansion of the NSW Government's online planning system, to
help make planning more accessible and easier to understand (14
September 2015). More...
New Priorities announced for NSW
The NSW Premier today unveiled 30 priorities for the state
to grow the economy, deliver infrastructure, protect the
vulnerable, and improve health, education and public services
across NSW (14 September 2015). More...
Published – articles, papers, reports - National
REIA News September
In this issue: Australasian Auctioneering
Championships; Crowd funding in property;
Money laundering; Home ownership in retirement (14 September
2015). More...
In practice and courts – National
PPS Act amendment – PPS Lease 90 day rule
The Australian Parliament has recently passed legislation
amending the Personal Property Securities Act 2009
(PPS Act) in order to reduce the number of lease
transactions deemed to be 'PPS leases' under section
13(1)(e) of the Act. The Government is working toward commencement
of the amendment on 1 October 2015.
More...
In practice and courts – Victoria
Announcements, Draft Policies and Plans released 2015
SRO response to the land tax decision of the Supreme
Court
The matter of EHL
Burgess Properties Pty Ltd v Commissioner of State
Revenue concerns the application of land tax exemptions
for primary production land. It specifically focuses on the
definition of "greater Melbourne" in Division 2 of Part 4
of the Land
Tax Act 2005 (September 2015).
More...
In practice and courts – Queensland
Draft Planning Bills for Public Comment
The draft planning bills will replace the current
legislation – Sustainable Planning Act 2009 – and
commence late 2016. Public comment closes on 23 October 2015.
More...
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Cases – Victoria
The Concept Developer Pty Ltd v Conroy &
Ors [2015] VSC 464
PROPERTY LAW - Plan of subdivision – Owners
Corporation - Alteration of lot liability on a plan of subdivision
- Whether s 33(1) creates a right to apply to Registrar of Titles
for a change in lot entitlement and lot liability independent of
right to do so under s 32(k) - Meaning of 'just and
equitable' in s 33(3) – Relevant considerations –
ss 3, 32, 32AE, 33, 34D(1)(a), 34(2), 34(D)(3), of the
Subdivision Act 1988 considered. STATUTES –
Interpretation – s 32 and s 33 of the Subdivision Act
1988 - Context and purpose considered - Words and phrases -
'change to lot liability', 'just and equitable',
'administrative and general expenses of the owner's
corporation.' More...
Cases – Queensland
Trojan Resorts Pty Ltd v Body Corporate for the
Reserve [2015] QCAT 337
BODY CORPORATE – COMPLEX DISPUTE – where
management and letting agreements assigned – where
resignation of director recorded by the Australian Security and
Investment Commission – whether there was a resignation of
director – whether resignation of director was an event that
entitled the body corporate to terminate – whether body
corporate acted reasonably under s 94 of the Body Corporate and
Community management Act 1997 (Qld) – whether relief
sought should be granted. More...
Brisbane Comedy Pty Ltd t/as Albion Comedy Club
& Restaurant v Malisano & Ors [2015] QCAT 340
RETAIL SHOP LEASES – DETERMINATION OF CURRENT MARKET
RENT – whether determination by specialist retail valuer
complies with requirements of Retail Shop Leases Act
– whether valuer failed to take into consideration associated
arrangements – whether valuer failed to specify the matters
taken into account – whether reasons for decision
adequate. More...
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