Preston Rowe Paterson is undertaking valuations for clients to ready them for the changes to superannuation regulations. At issue is the aggregate value of assets held in superannuation funds relative to the introduction of the “transfer payment cap”. These changes in the Superannuation (Excess Balance Tax) Imposition Act 2016, which may lead to a need […]
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How the new legislation may affect your superannuation assets
Posted date: June 19th 2017 . Author AdminSydney .
Changes to the Retail Leases Act 1994
Posted date: June 19th 2017 . Author AdminSydney .
Amendments to the Retail Leases Act 1994 (NSW) will take place, with the intent to increase transparency and certainty of deals made during the negotiation stage, introduce fair protections and increase operational efficiency. Landlords and tenants of retail properties will be affected by these changes, and while some of the following will have impacted both […]
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State-wide Stamp Duty Surcharge Shakeup
Posted date: June 2nd 2017 . Author AdminSydney .
The start of the cold season has brought through monumental changes to the housing market in New South Wales, as Premier Gladys Berejiklian announced a housing affordability package on June 1, to be implemented at the start of the 2017/18 financial year. The reforms will include the abolishing of stamp duty surcharges on first home […]
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Easing of Sydney’s lockout law provides relief for CBD Businesses
Posted date: December 9th 2016 . Author AdminSydney .
Thursday’s announcement by New South Wales’ Premier Mike Baird to soften its lockout laws may be seen as a relief for business operators in and around Sydney’s CBD and Kings Cross. The state government’s response to the easing of these laws, as recommended by an independent liquor law review, is the extension of the 1:30am […]
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GDP contracts for the first time in five years
Posted date: December 8th 2016 . Author AdminSydney .
Australia’s growth figures were released yesterday, with the revelation that the economy contracted by 0.5 per cent, in seasonally adjusted terms, over the September quarter. As a result, annual growth figures for the June quarter had also been revised down from the previous 3.1 per cent to 1.8 per cent. September’s figure is not only […]
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