by Riordan & Riordan | Apr 27, 2020 | Property
The Victorian Parliament passed the COVID-19 Omnibus (Emergency Measures) Act 2020 (Act) on 23 April 2020 to enable, (amongst other things), the creation of regulations reflecting the Mandatory Code of Conduct (Code) created by the National Cabinet. The regulations...
by Riordan & Riordan | Apr 20, 2020 | Commercial, Property
The Victorian State Government has announced that it will be introducing legislation to deal with leasing during the COVID-19 pandemic and will be providing support to Landlords in the form of land tax relief and deferrals. The Victorian Parliament will be sitting on...
by Riordan & Riordan | Apr 19, 2020 | Property
Since our last article the National Cabinet has met several times to discuss the impact of COVID-19 on commercial and retail Landlords and Tenants noting that a significant number of businesses have closed due to Government regulations and the COVID-19 pandemic. Code...
by Riordan & Riordan | Apr 19, 2020 | Commercial, Property
The sudden disruption of infectious disease COVID-19 to business has led to increasing enquiries from Landlords and Tenants about how to deal with their Lease obligations. We are advising our Landlords and Tenants to review their Lease obligations and attempt to...
by Riordan & Riordan | Nov 27, 2017 | Property
What is this new Vacancy Tax? – it is a tax on residential properties in the inner and middle suburbs of Melbourne* (Specified Geographic Areas) which are deemed to be vacant. This tax will be in addition to existing Land Tax. What is meant by “Vacant”? – a property...
by Riordan & Riordan | Nov 26, 2017 | Property
If you purchase residential land in Victoria via your discretionary trust, you may be hit with additional stamp duty of 7% of the purchase price by reason of y our trust being regarded as a “ foreign trust ” – most discretionary trust deeds allow the trustee to...
