Stamp duties on mortgages, business assets and marketable securities are abolished from 1 July 2016 in NSW.
– Mortgages executed on or after 1 July 2016 will not be liable to duty.– Sale of business assets (except land) entered into from 1 July 2016 is not liable to duty. – Duty on the transfer or declarations of trust on marketable securities (shares and units), including commercial fishery shares, is abolished from 1 July 2016. […]
Legal protections for off the plan property purchasers
Effective from 2 November 2015, developers must gain the consent of a purchaser before rescinding a contract using a sunset clause. If consent is not given then the developer must apply to the Supreme Court to justify the proposed termination. For more info, please visit LPI’s website: http://www.lpi.nsw.gov.au/__data/assets/pdf_file/0004/206842/2015_10_Legal_protections_for_off_the_plan_property_purchasers.pdf
National Minimum Wage increases from 1 July 2015
As of July 1, 2015, the new national minimum wage will be $656.60 per week or $17.29 per hour for a full-time employee working 38 hours per week. This constitutes an increase of $16.00 per week or 42 cents per hour. Employers that fail to comply with legally mandated minimum employee benefits, such as these pay rate increases, can […]
New Franchising Code of Conduct effective from 1 January 2015
On 1 January 2015, the new Franchising Code of Conduct (the Code) (http://www.austlii.edu.au/au/legis/cth/num_reg/caccr2014n168o2014699/sch1.html) has taken effect replacing the old Franchising Code of Conduct. 프랜차이즈 계약의 당사자들이 준수해야하는 Franchising Code of Conduct가 2015년 1월 1일부터 개정되었습니다. Major changes to the Code include the following: 주요한 개정내용은 아래와 같습니다: 1. Each party to a franchise agreement must act towards another party in good […]