New Victorian Land Tax Laws

Land Tax no longer adjustable The proposed amendments to the Sale of Land Act 1962, Property Law Act 1958 and Windfall Gains Tax Act 2021 prohibit settlement adjustments for land tax or an existing WGT liability between a vendor and purchaser in all contracts for the...

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Business Owners.. Are You Paying Attention?

This month I am talking about running your business.  Do you have a credit contract?  Do you have terms and conditions when you sell product?  Do you use the PPSR to protect your business goods?  Lastly do you have the ABN for the businesses you are doing business...

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Employment Law

Victorian Crime Statistics Agency recorded 88,214 ‘family incidents’ in 2019–20 and a massive cost is born by government, individuals and their families and the community at large. Did you also know that earlier this year, changes to legislation were made to cover...

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Victoria 2 Lot Subdivisions

Last month I gave a snapshot into NSW 2 lot subdivisions. This month we do Victoria. Two lot subdivisions are exempt from many of the legal requirements placed on larger owners’ corporations “OC’s”. For example: If your OC has two lots, you do not have to:  Take out...

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FAQ on Estate Planning

While many people are unlikely to nominate estate planning aka “Thinking about what will happen to my assets when I die” as being on their “most wanted things to do” list in reality, this is something that should be on all our “must do” lists. Proactively planning for...

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NSW 2 Lot Subdivisions

Did you know that in NSW a 2 lot subdivision is required to keep clear records, hold an AGM each year and report within 3 months of the AGM to Fair Trading and if you don’t you will get a please explain letter. In Victoria a 2 lot does not need to do anything BUT I...

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