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Private health insurers advised to review APRA Discussion Paper

12 Jul 2016

The Australian Prudential Regulation Authority’s most recent discussion paper and draft proposals are aimed at general and life insurers; however, the paper clearly articulates: … some of the proposals in the discussion paper are likely to be relevant to private health insurers and APRA will consider applying them to private health insurers in due course.

South Australian State Budget 2016-17 – Job creation the cornerstone

08 Jul 2016

With Australia’s highest rate of unemployment, it’s no surprise South Australian Treasurer, Tom Koutsantonis, emphasised job creation as the cornerstone of his budget, handed down on 7 July 2016.

Fighting Fraud with Whistleblowers

01 Jul 2016

The Real Estate and Construction industry is not immune to risks of fraud, corruption and serious misconduct, and organisations need to be alert to indicators of wrong doing from the earliest opportunity.

Queensland update

01 Jul 2016

Queensland RE&C update

South Australia update

01 Jul 2016

The new Planning Development and Infrastructure Act 2016 (SA) was passed on 12 April 2016 and will gradually come into operation over the next five years.

Victorian state budget …the aftermath

01 Jul 2016

Following his handing down of the Budget on 27 April (refer our client alert), Victorian Treasurer, Tim Pallas, tabled the State Taxation and Other Acts Amendment Bill 2016.

New South Wales update

01 Jul 2016

Quarter 1 of 2016 saw Sydney house prices grow by 2.3 per cent, exceeded only by Melbourne’s 2.5 per cent growth rate.

Buyers and sellers beware

01 Jul 2016

When purchasing real property after 1 July 2016, it is presumed that the vendor is a non-resident and the purchaser will be obliged to withhold 10% of the proceeds, register for withholding tax (WHT) and pay it to the Australian Taxation Office (ATO) unless a clearance certificate has been obtained prior to settlement.

Understanding the GST implications of contracts of sale

30 Jun 2016

A New South Wales Supreme Court case recently handed down, SAMM Property Holdings Pty Ltd v Shaye Properties Pty Ltd [2016] NSWSC 362, highlights the importance of understanding the impact GST can have on land and property transactions.

A message from Global Head of Real Estate and Construction, Sian Sinclair

30 Jun 2016

The property industry continues to do the heavy lifting on behalf of Australia’s GDP growth, with growth set to remain steady at 2.5 per cent for 2016/17 before a moderate increase to 3 per cent thereafter.