by wunwabbit | Jun 29, 2022 | Property Development, Property Law
For contracts of sale or arrangements entered into on and from 1 July 2022, the State Revenue Office will now impose duty on penalty interest paid by a purchaser due to a late or delayed settlement. This new duty is the result of a recent Victorian Supreme Court...
by Tiffany Mechkaroff | Jun 28, 2022 | Commercial Law, Estate Planning & Wealth Protection, Motorsport, Property Development, Property Law, Sport, Structured Finance and Investment, Uncategorized
Kalus Kenny Intelex has been shortlisted for the Australian Law Awards 2022. The firm has been named as a finalist in three categories of the Australian Law Awards – Commercial Team of the Year, Property Team of the Year and Banking & Finance Team of the...
by Tiffany Mechkaroff | Mar 2, 2022 | Property Law
In exciting news for real estate agents, Consumer Affairs Victoria has announced that Victorian licensed estate agents can now rely on the Automatic Mutual Recognition scheme (‘AMR’) to provide their services in participating jurisdictions outside of Victoria without...
by Tiffany Mechkaroff | Feb 23, 2022 | Property Development, Property Law
The Andrews Government has pulled introducing its next new Victorian property tax to Parliament, on the back of a proposal which would have seen developers funding (in part) the government’s Big Housing Build (being its $5.3b promise of more social and affordable...
by Tiffany Mechkaroff | Feb 23, 2022 | Family Law, Property Law
When a marriage or de facto relationship breaks down, it’s never easy. Apart from the obvious emotional challenges, separation and divorce will often result in significant financial challenges, particularly when there is real estate involved. If you’re staring down...
by Tiffany Mechkaroff | Feb 2, 2022 | Property Law
On 1 February 2022, the Victorian Government’s third generation of the Commercial Tenancy Relief Scheme Regulations (2022 Regulations) were brought into effect. The 2022 Regulations operate from 16 January 2022. As the 2021 Regulations expired on 15 January...
by Tiffany Mechkaroff | Jan 17, 2022 | Property Law
The Commercial Tenancy Relief Scheme (CTRS) came into effect on 28 July 2021 and was due to expire on 15 January 2022. It offered rental relief to qualifying businesses that had suffered a decline in turnover of at least 30%. In response to the recent spike of...
by Tiffany Mechkaroff | Jan 10, 2022 | Property Development, Property Law
As most of us have tried to enjoy that break that we deserved so much more this year than any other we are overflowing with appreciation for the dedication of the KKI crew who put our clients first. And to be honest this was a year where it was the well being of staff...
by Tiffany Mechkaroff | Nov 10, 2021 | Property Development, Property Law
The Victorian Government recently introduced a new Homebuyer Fund, being a $500 million shared equity scheme to address the housing affordability issue and assist Victorian’s to buy a home. Under the scheme, ‘eligible homebuyers’ will receive: up to 25% contribution...
by Tiffany Mechkaroff | Nov 7, 2021 | Property Development, Property Law
“I have never been one to increase a tax simply for the thrill of it”. These are the words of Tim Pallas. Yet, I recently felt intrigued to spend some time analysing the new property taxes which have been introduced since the Andrew’s Labour government was elected in...
by Tiffany Mechkaroff | Oct 19, 2021 | Property Development, Property Law
We are often asked by our developer clients about the benefits of interposing a developer entity between a land owning entity and purchasers in a development. There are many benefits of using a developer entity in development projects. Under this commonly used...
by Tiffany Mechkaroff | Sep 22, 2021 | Property Law
The recent introduction of the Commercial Tenancy Relief Scheme Regulations 2021 which includes a period of rent relief protection for tenants from 28 July 2021 until 15 January 2022 (Protection Period) also includes mandatory timelines which both commercial tenants...