Civil Procedure Act changes

17 December, 2012

The Civil Procedure Amendment Act 2012 received royal assent on 30 October 2012 and will come into operation on 1 May 2013 unless proclaimed earlier. Practitioners should particularly note the powers given to the Court in relation to costs. It gives the Court the power to order a solicitor provide a memorandum in relation to […]

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Common GST Hotline queries

17 December, 2012

Q: My client owns and is about to auction a vacant block of residential land and is registered for GST. The proceeds will be used in the client’s general business operations. Is GST exempt because it is residential land? A: Vacant land can never be considered to be residential premises. So, in the case of […]

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Off-the-plan sales notices may just be ‘conspicuous’

17 December, 2012

The long awaited change to s.9AA that will require a notice to consumers on the front cover of an off-the-plan sale contract may be amended before it comes into operation on 1 December this year (unless proclaimed earlier). The amendment is proposed by Residential Tenancies and Other Consumer Acts Amendment Bill 2012 which has been […]

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Reminder of stamp duty changes for sub-sales of land

16 December, 2012

Practitioners are reminded that several changes to the Duties Act 2000 (Vic) were brought in by the State Taxation Acts Amendment Act 2012 (Vic) on 28 June 2012. Details of the changes can be found in the State Revenue Office general information bulletin number 1/12 at SRO General Bulletin – Changes to State taxes 2012. […]

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LIV Commercial property lease

16 December, 2012

We have been informed by a practitioner that commercial property leases recently purchased at the LIV bookshop had several incorrect pages. Pages 5, 15 and 16 appeared to be the May 2009 version instead of the November 2012 version. The LIV is investigating the issue. Practitioners who recently purchased LIV leases should carefully read them […]

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