In Check Issue 62 | March 2014

5 March, 2014

GST-proposed changes for going concern and farm land sales On 14 December 2013 the Federal Government announced it intends to remove the current GST-free treatment for the sale of going concerns and farm land, and provide a reverse charge arrangement. The only time frame given for this change is ‘during 2014’. While no further details […]

Continue Reading

In Check Issue 61 | December 2013

11 December, 2013

PPS Act transition is ending The Personal Property Securities Act 2009 (PPS Act) transition period comes to an end on 31 January 2014. Are you prepared for this date? Transitional security interests Transitional security interests are interests in personal property that existed prior to 30 January 2012, whether or not they were registered on pre-PPS […]

Continue Reading

In Check Issue 60 | September 2013

30 September, 2013

Are those services connected or not connected? The claims in relation to section 32 statements and the various section 32 statements that practitioners send to LPLC have some worrying trends. One area of particular concern is that the information which must be provided about ‘services’ pursuant to section 32(2)(ea) of the Sale of Land Act […]

Continue Reading

In Check Issue 59 | June 2013

21 June, 2013

Small Business – Big Risks – Same Problems A recent review of claims involving the sale and purchase of small businesses revealed that practitioners are making the same sorts of mistakes referred to in our practice risk guide, Small Business – Big Risk. In the last two years we have seen claims and notifications that […]

Continue Reading

In Check Issue 58 | June 2013

9 March, 2013

LPLC’s member feedback survey Thank you to all those practitioners who took the time to respond to our member feedback survey. Congratulations to John Fijalski, who was the winner of the iPad Mini! The feedback was overwhelmingly positive. We were pleased to see that a large proportion of respondents read In Check and our practice […]

Continue Reading

In Check Issue 57 | December 2012

9 December, 2012

Civil Procedure Act changes 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 […]

Continue Reading

In Check Issue 56 | September 2012

9 September, 2012

Bushfire prone land In the last edition of In Check we noted that an amendment to section 32 of the Sale of Land Act 1962 (Vic) had been passed but was not to come into operation until 31 July 2013 next year unless proclaimed earlier in relation bushfire prone areas. Land in a bushfire prone […]

Continue Reading

In Check Issue 55 | June 2012

9 June, 2012

Changes to director’s penalties Practitioners who advise company directors should follow the progress of Tax Laws Amendment (2012 Measures no.2) Bill 2012 through federal parliament. It was introduced in to the House of Representatives on 24 May 2012. Amongst other things the bill proposes to extend the directors penalty regime to unpaid superannuation contributions. The […]

Continue Reading

In Check Issue 54 | March 2012

9 March, 2012

More common GST Queries Here is another common GST Hotline query. Practitioners are reminded that we still have our GST Q & A on our website, now organised in practice areas to make it easier to find the right answer. Q: My clients are buying a two storey shop and dwelling with a residential lease […]

Continue Reading

In Check Issue 53 | December 2011

9 December, 2011

Conveyancing vigilance when reading contracts We have recently been given several examples of sale of land contracts with unusual clauses which would have been very easy to miss. In one example, the contract looked just like the standard form contract in the Estate Agents (Contracts) Regulations 2008 but general condition 2.1 had been changed to […]

Continue Reading