by AlexanderDorrington | Feb 22, 2011 | General property Law, Sale and Purchase
Possession Before Settlement Sometimes on the sale of a residential property, the purchaser wants possession even though settlement is not going to take place when expected. That can occur for a number of reasons: The vendor is not ready. The...
by Denise Marsden | Feb 20, 2011 | Building, General property Law
The Building Act 2004 review continues. The Building Amendment Bill (No 3) had its First Reading on 9 December 2010. It is now with the Select Committee for review and submissions on the bill close on 4 March 2011. There are a number of interesting changes...
by Debra Dorrington | Nov 29, 2010 | General property Law, Trusts
The transfer of homes into trusts is commonplace. It is done every day. People do it to protect their assets, to create a distinction between the entity owning the significant assets and the person taking on board liabilities. Abolishing gift duty will make the...
by AlexanderDorrington | Nov 15, 2010 | Building, General property Law
The Department of Building and Housing is calling for submissions on how well the Construction Contracts Act 2002 (CCA) is working in practice. In particular comments are sought as to whether: the CCA should apply in its entirety to residential...
by AlexanderDorrington | Nov 8, 2010 | General property Law, Unit Titles
Cabinet has agreed what the regulations to the Unit Titles Act 2010 will cover. It appears we will be given a mix of regulations (prescribing mandatory requirements) and consumer guidance documents (to enable the minimum requirements to be added to if a body corporate...
by Debra Dorrington | Oct 19, 2010 | General property Law, Sale and Purchase
Vendors registered for GST who signed a contract for the sale before 1 October 2010 and for whom settlement has not yet occurred may find some comfort in section 78 of the Goods and Services Tax Act 1985. That section makes it clear that where the GST rate is changed...
