GE Image Gallery 133

Category: Property & Real Estate

  • Body Corporate Business Update September 2018

    3 September 2018

    CHANGES TO OVERSEAS INVESTMENT ACTChanges for overseas persons purchasing residential land are imminent.The Overseas Investment Amendment Bill (OIA Bill) passed its final reading in Parliament on 15 August 2018. It is likely to come into force soon: in or around October 2018.The OIA Bill introduces a new category of sensitive land, which overseas persons will require Overseas Investment Office (OIO) consent to purchase. This new category of sensitive land is “residential land”. And, residential land is defined as land that ...

  • Body Corporate Business Update August 2018

    1 August 2018

    FORM MATTERSThe importance of the proper use of statutory forms should not be underestimated. Schedule 2 of the Unit Titles Regulations 2011 sets out 33 statutory forms. These formsare described in regulation 37 as “…prescribed as the forms to be used for the generalmatters to which the forms relate.”In Body Corporate 81026 v Jezma Pty Limited (TT, Appln No. 9006464, 14 May 2018) – a claim relating to unpaid levies – a notice of resolution to be passed without general ...

  • Body Corporate Business Update July 2018

    1 July 2018

    COST RECOVERY FOR REPAIRS AND MAINTENANCEIn the context of repairs and maintenance, the question “who pays” is often the first – and last – issue to be addressed by a body corporate.The Unit Titles Act 2010 (UTA), confers on bodies corporate the power and duty to repair and maintain common property. It also gives bodies corporate the power and duty to repair and maintain an owner’s principal unit where the work is important to the integrity of the development as ...

  • A Timely Reminder – Disclosure and Representations

    7 March 2018

    The principle of caveat emptor, “Buyer Beware” usually governs all property purchases. However, licensed real estate agents are bound by the Real Estate Agents Act (Professional Conduct and Client Care) Rules 2012.Specifically, all licensees are under a positive obligation “not to mislead a customer or client, nor provide false information, nor withhold information that should by law or fairness be provided to a customer or client.”Rule 10.7 states:A licensee is not required to discover hidden or underlying defects in land ...

  • Airbnb

    6 March 2018

    Travellers and tourists looking for an alternative to hotels and motels at high season times when demand is great may be drawn to the online platform of Airbnb to rent a house or a room from private home owners.While there is an opportunity to earn extra income, an owner of property looking to rent out their property as an Airbnb should also consider the myriad of issues that may arise, which includes insurance, tax, and legal implications.InsuranceProperty owners should make ...

  • Building Owners and Occupiers- Asbestos Management Obligations |Part 2

    16 February 2018

    This article is a follow on from the article by the same name in our Spring edition, in which we outlined the requirements of the Health and Safety at Work (Asbestos) Regulations 2016 (“Asbestos Regulations”) and specifically the obligations that come into force on 4 April 2018. A copy can be found here.To recap briefly, the Asbestos Regulations set out how to manage asbestos risks. Complying with the Asbestos Regulations is mandatory, and there are hefty penalties for failing to ...