Rent incurred during the administration period has priority over other unsecured debts - recent decision of the Federal Court of Australia
In what was a welcome decision for landlords in the current climate, the Federal Court of Australia recently ruled that rent was an expense “properly incurred” by the Administrators and accordingly given priority over other unsecured debts by virtue of s.556(1) of the Corporations Act 2001 (Cth) (Act).
A Put and Call Option Agreement is a beneficial opportunity for an individual or a property developer to sell or purchase land at a future point in time, with limited upfront commitment required by either party.
Despite the belief held by many landholders that they own their land absolutely including anything found above or below it, the law in Australia is not that simple. Multiple parties can have different but legally valid rights over the same land.
What are your rights if you find gold in your backyard? Does the old adage “finders, keepers” apply? Find out who the law states owns the right to any discovered gold or other minerals or gemstones in Australia.
The Queensland Court of Appeal has clarified the requirements under the Planning Act 2016 (Qld) for code assessable developments in the recent case of Brisbane City Council v. Klinkert.
The Land, Explosives and Other Legislation Amendment Act 2019 (Qld) commenced on 29 March 2019 and contains provisions relating to paper certificates of title, surrendering a lease, registering personal representatives and caveats.
New GST laws commence on 1 July 2018 that will affect all property transactions that are considered a taxable supply of new residential premises or a subdivision of potential residential land.
Electronic settlements through Property Exchange Australia (PEXA), Australia’s online property exchange network, are transforming the property industry in Australia, making property settlements faster, safer and more efficient.
The registration of commercial leases is handled differently in each state and territory in Australia. In Queensland, a long-term commercial lease must be registered to protect a tenant’s proprietary interests.
Commercial tenants may have legal recourse against their landlord if their leased premises are not adequately maintained or repaired, even if no express rights of demand or obligations on the landlord are included in a lease.