Key Takeaways If a company owes you $4,000.00 or more, you may be able to lodge a statutory demand, pursuant to section 459E of the Corporations Act 2001 (“the Act”). It provides businesses with a...
Purchasing a business can be an exciting time, however, before entering into a contract it is vital that a prospective purchaser gathers as much information about the material aspects of the business as possible in...
What is a cooling-off period”? A cooling-off period is a period of time, usually 5 business days, that the purchaser has toundertake their due diligence on the property. When contracts are exchanged under a cooling-off...
Build-to-Rent projects are starting to increase in popularity as Australia’s housing market continues to evolve. It refers to large-scale residential developments, which are usually high-rise apartment blocks. These dwellings are owned and managed by a...
Private lending and the National Credit Code are an important relationship to understand in Australia. Australia’s consumer credit legislation is encompassed in the National Consumer Credit Protection Act 2009 (“the Act”). Schedule 1 of this...
The Basics: Costs Under a By-law Commonly, a by-law incorporates a clause allowing an Owners Corporation to recover from a Lot Owner the costs and expenses related to enforcing a breach of that by-law. In...
Changes Effective from 1 July 2023 The changes came into effect from 1 July 2023 and apply to contracts exchanged on or after 1 July 2023. Exemption and Concession Threshold Increases As of 1 July...
By-laws and strata living For anyone living in a strata scheme, by-laws will play a key part in their use and enjoyment of the property. Whilst they are approved through a democratic process of the...
Overview of Changes On 24 February 2023, new changes were made to the Design and Building Practitioners Act 2020 (NSW) (“DBP Act”) and the Residential Apartments Buildings (Compliance and Enforcement Powers) Act 2020 (NSW) (“RAB...
By-laws that are enforced within a strata plan are a set of registered rules that govern what can and cannot be done within the plan. Commonly known by-laws include those that describe the expected behaviour...
