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FAQs

What is GST withholding?

If you are selling new residential premises or new residential land you must give the Buyer a notice advising whether GST is applicable to the sale. If GST is applicable, the Buyer must pay the GST to the ATO at settlement, not to you.

For more information on this scheme visit the ATO’s website.

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What is penalty interest?
The standard O&A provides that if for any rea Most contracts allow each party 3 business days grace after the settlement date during which they……
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What does it mean for a contract to be “unconditional”?
A contract becomes unconditional when all the conditions of the contract have been met. This means that finance has been approved and all other……
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What is transfer duty and who pays it?
Transfer duty (formerly known as stamp duty) is a State Government tax payable by buyers of real estate calculated on the value of the property. You……
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