Recorded Webinar: Off the Plan Changes – Who it Impacts and How (VIC)

Developers are impacted with changes to the Sale of Land Act. This session looks at the impact of these changes plus updates on stamp duty liability impacting foreign investors. It includes:

• Developer obtaining consent of purchaser to terminate off the plan contract

• Changes to terms contracts and rent-to-buy agreements

• What residential off the plan contracts must include

• Impact on project management agreements – land tax and stamp duty

• Impact on developers – what should they be doing now?

• Who does the stamp duty concession now apply to and who are excluded?

• Foreign investor and purchaser’s additional duty and land tax liability

• Implementation of the vacant property tax – impact on investment landscape