Management Rights and Managed Investment Schemes (MIS)

Introduction If you are going to buy a management rights business in a holiday letting or serviced apartment strata scheme, you need to know: if the business is deemed to be a managed investment scheme (MIS) under the Corporations Act 2001; if it is an MIS, whether...

Tips for Purchasing a Motel or Tourist Park

Introduction We have set out in this note some things to consider before you enter into a contract to buy a motel or tourist park. We hope they assist. For more detailed information, please visit our website and download/print our comprehensive guide for buyers of...

Amendments to the Manufactured Homes (Residential Parks) Act

Introduction On 10 November 2017, the Governor of Queensland granted assent to the Housing Legislation (Building Better Futures) Amendment Bill 2017 (Bill). The Bill proposes amendments, amongst others Acts to the Manufactured Homes (Residential Parks) Act 2003 (Act)....

New GST Obligations on Residential Property Transaction

Introduction A new GST withholding regime was recently introduced requiring purchasers of new residential premises or potential residential land by subdivisions to withhold the GST on the contract price (excluding adjustments) and remit it directly to the ATO. When Do...