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There has been considerable controversy recently about the applicability of GST to continuing property leases after a change of property ownership. Prior to recent court decisions, it was widely accepted that a purchaser of property...
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The Japan Australia Economic Partnership Agreement, commonly referred to as the Japan Australia FTA or JAEPA, will come into force on 15 January 2015. This will provide the benefit of two rounds of tariff reductions...
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2015 promises to be a big year from an Australian customs perspective. However, before turning to the events of 2015, the end of 2014 brings issues of changing duty rates, transfer pricing adjustments and developments in...
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On Friday 12 December 2014, ASIC released a class order clarifying key fee and cost disclosure requirements for product disclosure statements and periodic statements for superannuation and managed investment products. This follows an ASIC review...
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On Tuesday 9 December 2014, ASIC announced that it will conduct surveillance into interest-only loans as part of a broader review by regulators of home lending standards. ASIC states that it will look at the...
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Some years ago ASIC and ACCC released Regulatory Guide 96 – Debt Collection Guideline: For Collectors and Creditors. That is now the bible for anyone involved in collection activities. Now ACCC and ASIC have released...
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The Korea-Australia free trade agreement will commence on 12 December 2014. Below we set out the key issues relating to the commencement of the FTA and the steps to take to best manage the transition....
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Finding it hard to work out whether a tariff concession order (TCO) applies? A recent case suggests that Australian Customs are in the same position. While the case involves fishing line, it has relevance for...
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Recent changes to the Liquor Act 2007 (Part 4, Div 2A) and Liquor Regulations 2008 (Part 2A), which introduced a risk-based licence fee scheme that will apply to most liquor licences across NSW. The scheme...
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On 27 November 2014, the House of Representatives Standing Committee on Economics tabled its report on foreign investment in residential real estate. As stated in the media alert the report makes 12 recommendations, including the...
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Planning on reviewing your management contracts? Now is the time. New guidelines to increase the accountability and standards of owners’ corporation management are set to commence in early 2015. Following a public review by the...
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From 1 January 2015, a new Franchising Code of Conduct will apply to most franchise agreements, resulting in new disclosure requirements, fines for non-compliance and parties’ conduct being subject to an obligation to act in...