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Key Duty and Tax Changes for Victorian Property Purchasers: Bill Released

Following our alert on 24 March 2017, the State Taxation Acts Amendment Bill 2017 (Vic) (Bill) has now been released and is currently before the Victorian Parliament. K&L Gates has been following the proposed changes to...more

Victorian Purchaser Update: Changes to Stamp Duty and First Home Owner Grant and Introduction of New Vacant Residential Property...

The Victorian Government has announced a number of significant housing related duty and tax initiatives to be introduced later this year, including: - changes to the off-the-plan stamp duty concession - abolition of...more

Animal Industries Advisory Committee Update: Government Response Released

The Animal Industries Advisory Committee (AIAC) was established by the Victorian Government in October 2015 to consider whether the planning framework relating to animal industries is meeting the needs of farmers, councils...more

Foreign Investment in Australian Residential and Agricultural Real Estate – New Fee Regime for Developers and Investors

Under Australia's current regime for foreign ownership of Australian real estate, certain foreign investors must obtain permission from the Foreign Investment Review Board (FIRB) before acquiring certain forms of real estate...more

Paper Conveyancing in Victoria – New Verification of Identity Process

For consistency between procedures for paper and electronic conveyancing, Land Victoria has introduced a new verification of identity process which must be complied with before lodging any paper instrument or dealing with...more

Release of Report on the Impact of Foreign Investment on the Housing Market

The House of Representatives Standing Committee on Economics (Committee) released its report on Foreign Investment in Residential Real Estate on 27 November 2014 (Report). As a response to concerns continually raised...more

Amendments to Section 32 of the Sale of Land Act 1962 (Vic)

The Sale of Land Amendment Act 2014 (Vic) (Act) will amend the Sale of Land Act 1962 (Vic) (SLA). The objective of the Act is to re-enact, reform and modernise the provisions relating to statements made under section 32,...more

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