• Level 5, Evandale Place, 142 Bundall Road, Bundall, QLD, Australia

Conveyancing

Seller forced to pay $1,650,000 commission on failed sale

In an earlier news article, we discussed the risks of sellers blindly signing agent’s appointments which often incorporate provisions requiring the seller to pay commission on sales which have not settled.  The REIQ standard terms for agent’s appointments contain that quite hazardous obligation, together with other provisions which might excite the interest of the seller’s […]

New GST Remittance Rules Affecting Property Sales

On 29 March 2018, in a bid to strengthen compliance with GST Laws, the Government made changes to the GST remittance rules affecting property sales. Effective 1 July 2018, the new GST regime requires purchasers of newly constructed residential properties or potential residential land (i.e. new subdivisions) to withhold the GST amount and remit it […]