All publications relating to ‘Property’
COVID-19 | Construction Works Within Strata Schemes
With the introduction of the Environmental Planning and Assessment (COVID-19 Development – Construction Work Days) Order 2020 on 31 March 2020 (the Order), strata schemes may be faced with decisions to make regarding the continuation or commencement of building works during the Government imposed restrictions and social distancing guidelines. Impact of…
COVID-19 | The Commercial Tenancies Code | 8 April 2020
In our previous update, we outlined some of the measures the Prime Minister intended to implement to provide support and relief for commercial tenants and landlords in financial distress as a result of the COVID-19 crisis. On 7 April 2020, the National Cabinet announced a mandatory code of conduct (click here) (Commercial Tenancies Code)…
COVID-19 | Changes to the Foreign Acquisitions and Takeovers Act 1975 | 31 March 2020
On 29 March 2020, the Hon. Josh Frydenberg MP, Treasurer, announced changes to the way foreign investment is reviewed in Australia.The two key changes are: All monetary screening thresholds in the Foreign Acquisitions and Takeovers Act 1975 (Act) have been reduced to $0 meaning all proposed foreign investment into Australia (unless…
COVID-19 | Property Updates & Alerts
COVID-19 | Changes to the Foreign Acquisitions and Takeovers Act 1975 | 31 March 2020On 29 March 2020, the Hon. Josh Frydenberg MP, Treasurer, announced changes to the way foreign investment is reviewed in Australia. View the key changes here.COVID-19 Advocacy Alert | Loan relief measures for commercial landlords | 3…
COVID-19 | Advocacy Alert | Loan relief measures for commercial landlords | 30 March 2020
Further to our updates on 26 March 2020 and earlier today, the Prime Minister announced last night that the National Cabinet agreed to a moratorium on evictions over the next six months for commercial and residential tenancies in financial distress who are unable to meet their commitments due to the impact…
COVID-19 | The latest on commercial tenancies | 30 March 2020
Further to our update on 26 March 2020 regarding the COVID-19 Legislation Amendment (Emergency Measures) Bill 2020 (Bill), on Sunday 29 March 2020, the Prime Minister announced that the National Cabinet agrees that short term intervention is needed for commercial tenancies. At this stage, there is nothing more than a set of…
COVID-19 Legislation Amendment (Emergency Measures) Act 2020 (NSW) – RETAIL LEASES ACT 1994 (NSW)
The COVID-19 Legislation Amendment (Emergency Measures) Bill 2020 (NSW) was passed by both Houses of the New South Wales Parliament on 24 March 2020, which received assent yesterday (Emergency Measures Act). Amongst other things, the Emergency Measures Act introduces a new Part 11 (Response to COVID-19 pandemic) into the Retail Lease…
COVID-19 Legislation Amendment (Emergency Measures) Bill 2020 | 26 March 2020
The COVID-19 Legislation Amendment (Emergency Measures) Bill 2020 (Bill) was passed last night and received royal assent today. The Bill introduces Part 11 into the Retail Leases Act 1994 (RLA) (which is a new part). The new Part 11 provides that regulations MAY provide for certain matters for the purpose of responding to…
Tips for Owners Corporations, Strata Committees and Strata Managers — COVID-19
In these unprecedented times, there is a lot of uncertainty for businesses and individuals. This uncertainty extends to the ongoing and satisfactory functioning of an owners corporation. Strata Managers and Strata Committees should be aware of their ongoing obligations to ensure that an owners corporation continues to function satisfactorily during the…
NSW Construction Industry — an expert’s perspective (part 6 of 6)
Interview with Tadd Walford, Partridge, Structural EngineerOver the past eight months, I have released a series of articles. This article is ‘part 6’ of a six-part series and will be followed by my ‘2019 wrap-up’. The series documents my discussions with building consultants who are in the know when it comes to the current state of…