Our latest insights

New South Wales has just undergone a public consultation regarding a swap from stamp duty to land tax over a decades long transition period.

The Queensland Parliament has passed legislation expanding the application of mandatory Project Bank Accounts (PBA’s) and renaming them to Project Trust Accounts (PTA’s).

The last few years have by and large been spent tightening the taxation screws on property investors in an attempt to deal with the housing affordability issue – but it has been a blanket approach.

The Hon. Rob Lucas, Treasurer of South Australia last week announced the extension and expansion of the State’s COVID-19 rent relief measures.

The Queensland Treasurer announced on Monday that he intends to “abolish” transfer duty for small businesses who wish to restructure for efficiency.

The future of work is being redefined right now. With more and more businesses embracing flexible working, this will have an impact on the commercial property sector.

On 22 October 2019, the NSW Government tabled the State Revenue Legislation Further Amendment Bill 2019 which proposes material changes to the Duties and Land Tax regimes in NSW.

The Federal Government’s mandatory Commercial Tenancies Code is now being rolled out by the states and territories.

The Federal Government’s release of the Mandatory Commercial Tenancies Code for commercial and retail leases, is now being rolled out by the majority of states and territories.

The National Cabinet’s mandatory code of conduct for commercial tenancies is now starting to be implemented by each of the States, with most of the States providing announcements around their versions of concessions for landlords.

Commercial property has been a key focus for policy makers, with a major component of the Prime Minister’s hibernation strategy being rent relief and the recently finalised Commercial Tenancy Code.

After continued jostling with industry groups over the weekend, Prime Minister Scott Morrison today revealed the final details of the mandatory Commercial Tenancies Code for commercial and retail leases. This is generally in line with the update the Prime Minister gave last Friday.