Leaker Partners has been successfully assisting its clients with their corporate and commercial law requirements since 2001. Our SME and corporate clients come from a range of industries including technology, construction, agriculture, mining services & equipment hire. We also offer options in new venture packages.

We are a small team of lawyers that you will get to know.

Articles

Buyer beware – Purchasers required to withhold amounts for certain property purchases

• From 1 July 2016, purchasers must retain 10% of the purchase price and remit to the ATO.

• Applies to taxable Australian property valued at $2 million or more (including real property – land and buildings). Some exceptions apply.

• Vendor may not receive full purchase price unless they supply a clearance certificate or vendor’s declaration, proving they are not a foreign resident.

• Penalties apply to purchasers who fail to retain the 10% when required to do so.

• Measure is implemented to stop foreign resident vendors escaping their capital gains tax liabilities on sale of real property and other assets.

From the Back Newsletter: Introducing Sean Gomes

From the Back Newsletter

Introducing Sean Gomes

Play Fair! – Unfair contract term protections to be extended to small business contracts

If you enter into business agreements with small businesses, you will need to be alert to upcoming changes to unfair contract term protections. In November 2015, the federal government introduced amendments to the Competition and Consumer Act 2010 (Cth) and Australian Securities and Investments Commission Act 2001 (Cth) to extend unfair contract protection laws to small business contracts. The protections currently apply to consumer contracts.

 

Changes to Australia's Foreign Investment Policy

Foreign Investment Policy Update Presentation

There have been changes to Australia's foreign investment policy.

Are you affected?