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Last year saw heightened public awareness regarding fraud and corruption and its impact on the Australian property market. The most significant risk was, and remains, the investment of foreign proceeds of crime in Australian property.

The sharing of information between the Australian Taxation Office and various other government agencies continues to form the foundation for data matching and compliance programs.

Tighter regulation on imported building materials is under construction following an apartment fire in Melbourne’s Docklands.

Combining reason and instinct to reveal new opportunities for growth: Soft power and gut instinct is driving an estimated US$250bn per year in overseas real estate investment, showing that feeling rather than data analysis determines many investment decisions. Drawing on interviews with investors, industry experts and Grant Thornton real estate specialists this report provides practical, achievable actions for investors looking to harness the forces shaping global real estate activity.

On 1 October 2014, the Commissioner released the Goods and Services Tax Ruling GSTR 2014/1 – Goods and services tax: motor vehicle incentive payments that provides guidance on the GST treatment of incentive payments made by motor vehicle manufacturers, importers and distributors (manufacturers) to motor vehicle dealers (dealers) under floor plan (bailment) arrangements.

Blog A year of risk and reward

Grant Thornton looks at the potential impact of IFRS 15 'Revenue from Contracts with Customers' for revenue recognition in the construction industry.

Grant Thornton looks at the potential impact of IFRS 15 'Revenue from Contracts with Customers' for revenue recognition in the real estate industry.

Preparing for Global Leasing Standards: Implications for the real estate industry