by Tiffany Mechkaroff | Feb 19, 2024 | Building & Construction, Business & Private Advisory, Commercial Law, Dispute Resolution, Employment Law, Estate Planning & Wealth Protection, Family Law, Family Law Succession Planning, Motorsport, Private Wealth, Property Development, Property Law, Sport, Structured Finance and Investment
The International Lawyers Network (ILN) announces its continued distinction as a ‘Band 1 Leading Law Firm Network’ in the Global Market Leaders Guide for Chambers 2024 Global Guide. This esteemed recognition highlights the ILN’s unwavering dedication...
by Tiffany Mechkaroff | Feb 13, 2024 | Building & Construction, Property Development, Property Law
Many of Victoria’s major apartment developers have cancelled more projects than they have started, because something is seriously wrong with the property industry. Labour shortages, escalating construction costs, increased funding costs, builder insolvencies and...
by Tiffany Mechkaroff | Dec 7, 2023 | Property Development, Property Law
It will soon be an offence to apportion land tax and WGT to purchasers. In October 2023, the State Taxation Act and Other Acts Amendment Bill 2023 (‘Bill’) was introduced to the Victorian Parliament which proposed several changes relating to State property taxes ....
by Tiffany Mechkaroff | Aug 14, 2023 | Building & Construction, Property Development, Property Law
The KKI Property team are thrilled to have been awarded ‘Property Team of the Year’ at the prestigious Australian Law Awards. In a year which has been so challenging for the Property industry, Partner Henry Kalus reflects that winning this award is...
by Tiffany Mechkaroff | Apr 17, 2023 | Property Development, Property Law
A restrictive covenant is an agreement between a property owner and another party, which limits the way land can be used and/or developed. There must be “burdened land” (the land that is restricted by the covenant) and “benefitting land” (the land that enjoys the...
by Tiffany Mechkaroff | Mar 26, 2023 | Property Development, Property Law
An easement is an encumbrance (restriction) on land which gives someone the right to use land belonging to someone else for a specific purpose. An easement typically encumbers one property (the servient tenement) for the benefit of another property (the dominant...
by Tiffany Mechkaroff | Nov 7, 2022 | Property Development, Property Law
Property developers relying on artist impressions and marketing materials to sell off-the-plan developments, may find themselves in hot water after a recent decision in the Federal Court. The decision in Ripani v Century Legend [2022] FCA 242 raises concerns for a...
by Tiffany Mechkaroff | Sep 25, 2022 | Property Development, Structured Finance and Investment
The Foreign Investment Review Board (‘FIRB’) application fees were doubled effective from 29 July 2022 across various property classes including new residential, agricultural and commercial land. Foreign investors, who for decades have played a very significant role...
by Tiffany Mechkaroff | Aug 8, 2022 | Property Development, Property Law
The NSW Government recently introduced changes to its stamp duty regime which allows first home buyers to choose whether to pay stamp duty or pay (on an indefinite basis) an annual land tax at a rate of $400 per year plus 0.3% of the land value. That’s right,...
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 | 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...