State Taxation Series: Issue #2 – Land Tax Trust Surcharge – Nomination of beneficiary and notice of beneficial interests

The first issue of our State Taxation Series looked at section 46F of the Land Tax Act 2005 (Vic) (“the Act”), and the three circumstances where a nomination can still be lodged for a discretionary trust that owns any pre-2006 land. This issue looks at statutory requirements for the nomination of [...]

2019-08-27T16:23:00+10:00August 27th, 2019|Categories: Taxation|Tags: , , , |

State Taxation Series: Issue #1 – Section 46F (Nomination of beneficiary of pre-2006 discretionary trust for land tax purposes) – Are you completely out of time to nominate?

The Land Tax Act 2005 (Vic) (“the Act”) imposes land tax on all taxable land in Victoria, with the owner of the particular land liable to pay land tax on 31 December of each calendar year. The rate of land tax is stipulated in Schedule 1 of the Act, with a [...]

2019-08-26T11:23:20+10:00August 9th, 2019|Categories: Taxation|Tags: , , , |

Residential Construction and Land Tax: What happens if there is a delay in construction?

Whilst homes in Victoria that are occupied as a principal place of residence are exempt from Land Tax, building works or disputes that result in homes being unoccupied for extended periods of time can have the unexpected result of a Land Tax liability. These assessments can be particularly frustrating if [...]

2019-06-05T12:45:41+10:00June 5th, 2019|Categories: Property, Taxation|Tags: , , |

Family and Domestic Violence Leave – Key Features for Employees and Employers

Commencing from 1 August 2018, all employees who are covered by a modern award are entitled for up to 5 days of unpaid leave to deal with family and domestic violence. This follows the Fair Work Commission’s Decision made on 6 July 2018 which finalised the model clause for 5 [...]

2018-08-24T17:23:10+10:00August 17th, 2018|Categories: Employment Law|Tags: , , |

Employee or Independent Contractor? Uber decision a useful guide for businesses

Uber has successfully argued that its drivers are independent contractors and not employees, following the Fair Work Commission’s (‘FWC’) 21 December 2017 decision of Kaseris v Rasier Pacific V.O.F. Mr Kaseris claimed he was unfairly dismissed after he had his Uber account deactivated after receiving low customer service ratings. Raiser [...]

2018-08-28T15:47:07+10:00February 19th, 2018|Categories: Employment Law|Tags: , |

Vacant Residential Land Tax – Do you need to notify the State Revenue Office?

The lack of housing supply in inner and middle Melbourne has become a major issue for residents and the State Government. In response, the Victorian State Government has sought to free up further housing by introducing a new Vacant Residential Land Tax on residential properties that remain vacant for more than [...]

2018-08-24T17:26:09+10:00October 25th, 2017|Categories: Taxation|Tags: , , |