Personal Property Securities Act 2009 (Cwlth) – background and key concepts

11 July, 2017

Published March 2012 – updated July 2017 The Personal Property Securities Act 2009 (Cwlth) (PPS Act) commenced on 30 January 2012. Since then LPLC has received claims every year for mistakes by practitioners in dealing with PPS Act issues. This bulletin contains background information about the PPS Act and key concepts. Background NB: The PPS […]

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Amended CGT withholding payments for options, company title interests and indirect Australian real property transactions

10 July, 2017

Download PDF Published July 2016 – updated July 2017 The bulletin contains information on the withholding requirements which commenced on 1 July 2016 as amended in June 2017 by the Treasury Laws Amendment (Foreign Resident Capital Gains Withholding Payments) Act 2017 (Cwlth). This bulletin focuses on: options and rights to acquire company title interests indirect […]

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1 July 2017 amended CGT withholding payments for real property sales

10 July, 2017

Published June 2016 – updated July 2017 Key points Amended withholding requirements for contracts of sale of real estate worth $750,000 or more from 1 July 2017. All purchasers of such real estate must register to withhold 12.5 per cent for acquisitions from 1 July 2017 (previously 10 per cent) unless they are given a […]

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CGT withholding payments – practical examples

10 July, 2017

Published November 2016 – updated July 2017 This bulletin contains practical examples of how the withholding requirements, which commenced 1 July 2016 and were amended with effect from 1 July 2017, work: For more general information about the new regime please refer to the following two LPLC bulletins: 1 July 2017 amended CGT withholding payments […]

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Land Leases and the PPS Act

11 September, 2013

1.  Introduction Practitioners for both landlords and tenants need to understand that the Personal Property Securities Act 2009 (Cth) (PPS Act) may apply to the lease of premises because: Sometimes a landlord of premises also leases goods to the tenant. A landlord may obtain a cash security deposit from the tenant. A landlord may provide […]

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Sale of Land and the PPS Act

11 September, 2013

1.  Introduction Practitioners for both vendors and purchasers need to understand that the Personal Property Securities Act 2009 (Cth) (PPS Act) may apply to a contract of sale of land because: Sometimes a vendor selling land, also sells goods to the purchaser. Sometimes a vendor selling land also transfers a licence to the purchaser. The […]

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Sale of Business and the PPS Act

11 September, 2013

1.  Introduction The sale of a business often includes the sale of personal property such as equipment, stock in trade and motor vehicles.  Practitioners for both vendors and purchasers need to understand what personal property is included in the sale and how the Personal Property Securities Act 2009 (Cth) (PPS Act) may impact on that […]

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Retail Leases Update

18 June, 2013

Removed due to content no longer being relevant.

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New stamp duty on leases!

5 August, 2009

The Duties Act 2000 (Vic) has recently been amended by the Duties Amendment Act 2009 (Vic). While the amending Act received royal assent on 7 July 2009, the changes take effect from 21 November 2008. For transactions that are affected by the changes and occurred between 21 November 2008 and 7 July 2009 there is […]

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Refunds of stamp duty on transfers of land and business

5 August, 2004

Removed due to content no longer being relevant.

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