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Currently, buy-now-pay-layer services like Afterpay, Zip and Klarna are exempt from laws designed to protect consumers from taking out credit they can’t afford.
That’s because BNPL providers don’t charge customers interest so, technically, the product they provide isn’t credit.
However, following concerns consumers are racking up unaffordable debts, the sector
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The federal government’s Fair Work Legislation Amendment (Secure Jobs, Better Pay) Act became law in December 2022.
The act amends several existing workplace rules and introduces new ones with the aim of boosting wage growth and job security, tackling gender inequality and modernising the workplace bargaining system.
By far the
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Australia has the tightest industrial and logistics property market in the world after vacancy rates fell to just 0.6% in the second half of 2022, according to CBRE figures.
It’s set to stay that way too, given that a supply crunch means vacancies are likely to remain tight even if
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Unprecedented construction activity is being seen across all sectors and in all Australian states and territories, according to a new report from Rider Levett Bucknall.
The September 2022 quarter report from the global construction, property and management consultancy said the Australian construction industry is at a “pivotal point” with decade
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From 1 July 2023, if you own land in Victoria, and it’s rezoned and subsequently goes up in value, you may have to pay a windfall gains tax of up to 50% on the total value uplift.
The Victorian government says this will return a share of the profits from
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The federal government has released its ‘Nature Positive Plan: Better for the Environment, Better for Business’ in response to Professor Graeme Samuel’s independent review of Australia’s 1999 Environment Protection and Biodiversity Conservation Act.
The response commits the federal government to establishing a new environmental protection agency (EPA) with the power
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Melbourne-based Hallbury Homes entered administration in January, with 50 projects on its books, according to The Property Tribune.
While Hallbury Homes is the latest casualty in Australia’s embattled building industry, challenging trading conditions aren’t limited to the construction sector – with nearly 4,000 corporate insolvencies occurring over the 2021-22 financial
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Victoria’s upper house of parliament recently voted to look into whether stamp duty should be scrapped after Liberal Democrats minister David Limbrick moved the motion to establish an inquiry into the ‘worst tax’.
The wide-ranging inquiry will look into the impact of stamp duty on housing supply, labour mobility and
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The federal government has announced that the Modernising Business Register program will be independently reviewed after Treasury estimated it would cost $1 billion more than originally budgeted for under the previous government.
The Modernising Business Register project will see more than 30 ASIC business registers consolidated into a single platform
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ChatGPT has taken the world by storm since its release in November 2022, with the chatbot signing up 1 million users in just five days (a milestone it took Netflix 41 months to pass).
And while some have delighted with ChatGPT’s ability to generate eloquent responses to prompts by users,
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In Konebada Pty Ltd v Commissioner of Taxation [2023] FCA 257 the Federal Court has affirmed the decision of the Commissioner to deny the taxpayer’s claim for input tax credits with respect to invoices paid for legal and other services provided with respect to legal proceedings concerning third parties.
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A property settlement can be delayed for many reasons, such as finance issues, problems with the property or the buyer being unable to sell their existing home.
In Victoria, if the buyer is unable to settle on the settlement date, the seller can charge penalty interest. The exact amount will
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Commercial rent collection in Victoria has tumbled, falling from 88% at the beginning of the year to 70% in May, according to data property management platform Re-Leased.
The industrial sector has been hit particularly hard, as rising petrol prices have taken their toll on companies’ bottom lines. As a result,
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Company directors need to verify their identity and apply for a director ID as part of a new statutory requirement that came into effect on 1 November 2021.
A director ID Is a unique 15-digit identifier given to directors who have verified their identity with Australian Business Registry Services (ABRS).
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The New South Wales government is planning to overhaul its property tax regime by giving first home buyers the choice between making a one-off, upfront stamp duty payment or paying a smaller, annual land tax instead.
This prompted the Real Estate Institute of Victoria, Housing Industry Association and Australian Property
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Cash flow is the lifeblood of every small business, which is why it’s challenging for businesses to meet their expenses when customers are slow to pay their bills.
Unfortunately, though, it’s a common problem, with more than half of Australia’s big businesses failing to pay their small suppliers on time,
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The Victorian government’s shared equity scheme has proven very popular, with the program down to its last 200 places, according to new figures from the State Revenue Office.
The figures show the $500 million Homebuyer Fund had invested more than $260 million by the end of June this year, helping
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With less than 100 days to go until Victoria’s state election, the Housing Industry Association has called for the next government to reduce the tax burden on housing.
HIA argues that state property-based taxes impose a significant financial burden on Victorian homebuyers with:
Victorians paying the highest rate of
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Spring selling season is here. But if you’re considering listing your property on the market, it’s important to know what you’re legally required to disclose, especially as there have been some small – but significant – amendments to the Sale of Land Act 1962 (Vic).
These amendments to section 12
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It was only four years ago, in September 2018, that maximum penalties under the Australian Consumer Law were last increased from $1.1 million to $10 million.
But the new federal government wants the price of misconduct to be high enough to deter non-compliance, so it’s released a draft bill proposing
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As a lawyer, I am often told by people that they can simply download a template document from the internet instead of using my services. While this may annoy some lawyers, I don’t mind. I understand that templates can be a useful tool for repetitive, low-stakes documents. In fact, I
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Australian Broadcasting Corporation
Former High Court judge Kenneth Hayne, a member of the Constitutional Expert Panel, speaks to the Law Report about the Federal Government’s proposed referendum, and constitutional amendments, to create an Indigenous Voice to Parliament.
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Australian Broadcasting Corporation
Justice Kenneth Hayne, a member of the Constitutional Expert Panel, speaks to the Law Report about the Federal Government’s proposed referendum, and constitutional amendments, to create an Indigenous Voice to Parliament.
This post was originally published on this site
Australian Broadcasting Corporation
Justice Kenneth Hayne, a member of the Constitutional Expert Panel, speaks to the Law Report about the Federal Government’s proposed referendum, and constitutional amendments, to create an Indigenous Voice to Parliament.
This post was originally published on this site
Australian Broadcasting Corporation
An SAS veteran has been charged with the war-crime of murder under Australian law. A NSW judge has quashed the prison sentence of a protestor, and a cosmetic company selling a Botox alternative wins in the High Court.
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Australian Broadcasting Corporation
An SAS veteran has been charged with the war-crime of murder under Australian law. A NSW judge has quashed the prison sentence of a protestor, and a cosmetic company selling a Botox alternative wins in the High Court.
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noreply@blogger.com (William Stark)
On 15 March 2023, in Knight 34 Langdon Rd P/L and anor v Bell and others [2023] VSCA 54, the Court of Appeal of the Supreme Court of Victoria (Emerton P, WalkerJA and J Forrest AJA) considered an application by an unsuccessful defendant for leave to adduce further evidence.
The case concerned
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Welcome to 2023. We start off the year with two decisions of the Full Federal Court. The decision in Commissioner of Taxation v Landcom [2022] FCAFC 204 (handed down just before Christmas) appears to end the controversy about how the margin scheme in Division 75 of the GST Act applies to