From 1 February 2024, the transfer duty exemption for corporate reconstruction and consolidation will be changed from a 100% exemption to a 90% concession.

Security of payment provisions now apply to residential building Contracts – requiring both builders and homeowners to ensure they are familiar with strict legislative provisions.

While the legislative amendments enacted to minimise the economic impacts of COVID-19 were welcomed, until now questions have remained as to their actual effectiveness and operation.

Thinking of Buying Off-the-Plan? You’re now better protected.

Bankruptcy, Insolvency & Security of Payments in a Pandemic