Making sense of FIRB rules for foreign persons and investors

  Under Australia’s foreign investment framework, foreign persons generally need to apply for foreign investment approval before purchasing residential real estate in Australia. It is imperative that if you are a foreign individual you seek legal advice as to whether the rules administered by the Foreign Investment Review Board (FIRB) apply to you as strict criminal and civil penalties may apply for breaches of the law, including disposal orders.   New dwellings and vacant land

Key changes to the newly amended Retail Shop Leases Act 1994 (Qld)

On 25 November 2016 a series of amendments to the Retail Shop Leases Act which came into effect . The amendments are the result of a statutory review carried out in early 2015 and include a mix of measures designed to ease red tape and enhance protections. A summary of the more important amendments follows below. Leases to be excluded from the act Tenancies of large premises (greater than 1000m2) are to be excluded from the