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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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The building inspection report identified defects. Now what?
The contract may contain a clause or annexure that: gives the buyer the right to terminate the contract if certain defects are found; requires……
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Why do I need a settlement agent?
The settlement process can be in-depth and complicated, not to mention time consuming.  We recommend that you appoint a professional to complete a settlement……
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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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