New South Wales Treasurer Dominic Perrottet is looking to undertake one of the state’s biggest ever tax reforms, announcing the phasing out of stamp duty as part of a plan to pull the state budget out of the red.
The COVID-19 pandemic has wreaked havoc on the real estate industry, particularly in Melbourne where prolonged lockdowns have forced an otherwise sluggish industry to accept a new set of tools and ways to think about the auction process.
The New Regulation introduces a new definition of an "Impacted Lease", being a lease to which an Impacted Lessee is a party. The New Regulation is amended throughout to include this new term, rather than the existing descriptor of "commercial lease". This is a clarifying amendment only.
Undoubtedly a very turbulent year for many of which the Ready Media Group was not immune. As Covid hit Australia in mid-March, there has been many volatile occurrences in all facets of our life. Like many businesses our office was temporarily closed, and our team were sent packing to work from home. During this period a significant meeting with our management team resulted in galvanising our resolve and objectives moving forward. Clearly, we had three key objectives to achieve; keep our team together, continue servicing our clients better than ever and continue focusing on our on-going product innovations, ensuring we remained ready to rebound strongly. Currently our 2020 road map is in full swing and progressing quicker than anticipated.