On 15 September 2021, Australia, the United Kingdom (UK), and the United States (US) (each a member State) announced AUKUS as a new security partnership that will promote a free and open Indo-Pacific that is secure and...more
The Australian Government has recently announced proposed measures to support the production of hydrogen in Australia utilising renewable energy. These include a new hydrogen production tax incentive and are estimated to...more
The Australian Federal Government (the Government) has just released its budget for 2024-25. The K&L Gates tax team outlines the key announced tax measures and our instant insights into what they mean for you in practice....more
The Australian government has, nearly 12 months after announcing them, released draft legislation to implement two key income tax incentives for build-to-rent (BTR) projects: Extending the 15% withholding tax for foreign...more
Australia welcomes new business and foreign investment by providing a strong economy, a stable political environment and a skilled and talented workforce. Our comprehensive guide to Doing Business in Australia has been...more
4/19/2024
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It is longstanding conveyancing practice for the vendor’s land tax liability to be included in the usual settlement adjustments between a vendor and purchaser. This practice will be banned for most sales of land in Victoria...more
Key Points - The Property Law Act 2023 (the New Act) was passed on 25 October 2023. It will likely receive Royal Assent in the next week and will commence on a date set by proclamation (to be announced soon)....more
Australia is currently experiencing a national housing affordability crisis that continually worsens. One solution to the urgent need for more social and affordable housing lies in the build to rent (BTR) model....more
The term “indirect tax” is used to describe taxes that are imposed on goods, land, or services (or transactions involving goods, land, or services). In contrast, “direct taxes” are imposed on income or profits. The most...more
The housing crisis in Australia has been brewing for more than a generation. The symptoms are painful and obvious and include: The gap between supply (with supply-side problems) and increasing demand...more
The Victorian Government has announced that it plans to abolish transfer duty on sales of commercial and industrial properties. The proposed measures will not apply to residential premises. We have summarised the proposal and...more
The Australian Federal Government has just released its budget for 2023-24. The K&L Gates tax team outlines the key announced tax measures and our instant insights into what they mean for you in practice....more
Introduction - The Queensland Treasurer has announced that the state’s growing Build-to-Rent (BTR) sector will receive significant tax incentives from the Queensland Government....more
The Commonwealth Government and NSW Government will both be offering financial support to NSW businesses impacted by the recent COVID-19 restrictions and stay-at-home orders. We have tabled the key components of the 2021...more
Hydrogen—the smallest molecule, but one that holds the potential to be an energy superhero and play a significant role in reducing carbon emissions and slowing climate change.
The H2 Handbook provides a comprehensive...more
OVERVIEW - In late July 2020 the New South Wales Government announced it would provide duty and land tax incentives for qualifying "build-to-rent projects". Qualifying projects must meet conditions set out in the Treasurer's...more
Corporate Tax Residence - Consistent with the recommendations contained in the Board of Taxation report to the Government on reforming the corporate residency test, the Government has announced that the law will be amended...more
Our last JobKeeper guide covered the Australian Government's announcement to extend the scheme for six months beyond the original end date of 28 September 2020 (the so called JobKeeper 2.0). ...more
OVERVIEW - The New South Wales government today introduced a bill which, if enacted, will provide new duty and land tax incentives for certain build-to-rent projects....more
*This information is accurate as of 10:00 A.M. Tuesday 22 July 2020 and is subject to change as this situation evolves. The Australian Government announced on 21 July 2020 that the JobKeeper scheme will be extended for six...more
* This information set out in this Guide is accurate as at 9.00 am on Monday 27 April 2020 and is subject to change as the situation evolves. Welcome to our employer guide to the Australian Government's JobKeeper scheme....more
* This information set out in this Guide is accurate as at 9.00 am on Tuesday 14 April 2020 and is subject to change as the situation evolves. Welcome to our employer guide to the Australian Government's JobKeeper Payment...more
*This information is accurate as of 9.00 am Wednesday 8 April 2020 and is subject to change as this situation evolves. New information will be updated once announced.
In light of the economic uncertainty triggered by...more
* This information set out in this Guide is accurate as at 12.00 pm on Friday 3 April 2020 and is subject to change as the situation evolves
In Australia, the unprecedented wage subsidy is projected to cost A$130 billion...more
From 1 April 2020, company directors will be personally liable for any unpaid GST, luxury car tax (LCT) and wine equalisation tax (WET), in addition to the pay as you go withholding (PAYGW) and superannuation guarantee...more