What is due diligence? Due diligence is an investigation which is conducted by a third party on behalf of a buyer who is interested either entering into a business transaction or purchasing a business or property. These searches and investigations will provide the buyer with certain information to allow them to assess the advantages and...

With the impact of the Covid-19 pandemic commercial landlords and tenants in Victoria are faced with a changing landscape with collection and payment of rent. On 1 May 2020 the Victorian Government enacted new regulations known as the COVID-19 Omnibus (Emergency Measures) (Commercial Leases and Licences) Regulations 2020 (See https://content.legislation.vic.gov.au/sites/default/files/2020-05/20-31sra001%20authorised.pdf). These regulations allow for the implementation of the...

Despite PEXA having been around now for over 5 years, in Queensland we are still coming to grasps with the idea of electronic settlements. PEXA is a 100% digital process that acts as Australia’s primary online property exchange network. It streamlines the process of lodging documents with Land Registries and completes financial settlements electronically. In...

Each year between January and April, the Victorian State Revenue Office (“SRO”) will issue land tax assessments based on the total taxable value of all the land you own in Victoria, excluding exempt land such as your principal place of residence. The assessment is based on land that you owned as at midnight on 31...

As of 1 July 2018, Purchasers of residential property will be required to withhold the GST payable on the supply of certain residential properties. The changes are established by the Treasury Laws Amendment (2018 Measures No. 1) Act 2018 (Cth) which adds sections 14-250 to 14-255 to Schedule 1 of the Taxation Administration Act 1953 (Cth). Broadly the legislation provides that the...