It’s 10 years since provisions of the Australian Consumer Law came into effect, declaring unfair terms in standard form consumer contracts void. It’s almost 4 years since the provisions were extended to cover unfair terms in small business contracts as well. Examples of cases where contract terms were declared void because of unfairness include: A...
The change in the Sydney All Groups consumer price index (‘CPI’) between the March quarter 2020 and the June quarter 2020 was -2.3%. The change between the June quarter 2019 and the June quarter 2020 was -1%. Other Australian capital cities’ CPIs are also ‘in negative territory’. Existing lease of commercial or industrial premises If...
If a foreign person buys residential land in New South Wales, a surcharge of 8 per cent is payable in addition to the transfer duty. If a foreign person owns residential land in New South Wales, a surcharge of 2 per cent is payable in addition to land tax – perhaps even if no land...
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