Category: legislation

No tax breaks for green buildings :(

  Federal budget 2012: Tax breaks for green buildings dumped By James Thomson Tuesday, 08 May 2012 A plan to offer tax breaks for the construction of green buildings has been dumped, with Climate Change Minister Greg Combet declaring the program no longer offers value for money. The axing of the program will create savings [...]

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New regulations for Estate Agents when buying a listed property.

Buying a listed property (Section 55) – estate agent obligations Estate agents, their employees and family members are generally prohibited from purchasing any property or business which the agency is commissioned to sell. Under section 55 of the Estate Agents Act 1980, it is an offence for an estate agent or agent’s representative to obtain [...]

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Proposed new National Licence structure

Proposed Licence Structure for Property Occupations 1. Licence categories and scopes of work (Source www.bla.vic.gov.au website,Feb.,2011) Following consideration of a range of options for licence categories, scopes of work and licence types for the property occupations, the POIAC has developed a proposal based on six licence categories. The licence categories and their scope of work [...]

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Estate Agent obligations for agents who wish to buy a property**.

There have been some amendments to the Estate Agents Act that allows this prohibition to be waived in certain circumstances.