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Conveyancing

Treasury Laws Amendment Act – GST Withholding Obligation for New Residential

Wednesday, July 25, 2018

Treasury Laws Amendment Act – GST Withholding Obligation for New Residential Property rom July 1 2018, purchasers of “new residential premises” and certain subdivisions of “potential residential land” are now required to withhold one eleventh of the sale price (or 7% where the margin scheme applies) from the vendor and remit this directly to the ATO.
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Real Estate Industry Award Amendment Summary

Wednesday, May 02, 2018

While the Fair Work Commission’s amendments to the Award will produce more clarity in employee classification and fairer employment terms for employees in commission-only contracts, employees and employers alike must take extra caution in drafting their contracts to ensure they adhere to the more stringent requirements. Your existing employment/contractor structures and pro forma material may need to be reviewed to ensure compliance.
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