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Purchase of Australian Commercial Real Estate by “Foreign Persons”

Article by Maria Ho, Norman Waterhouse Commercial real estate includes vacant and developed property which is not for residential purposes. A foreign person wishing to purchase commercial real estate in Australia needs to be aware that certain restrictions may apply. Foreign Person ‘Foreign Person’ is defined under Section 5 of the Foreign Acquisitions and Takeover …

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Overhaul of AH SEPP, effective immediately

Article by Anthony Whealy and Isabella Ferguson, Gadens Lawyers The Affordable Rental Housing SEPP was introduced in July 2009 to facilitate new affordable rental housing by providing a range of incentives to encourage developers to build new developments, of which at least 20% of units would be affordable rental housing, managed by not-for-profit community housing …

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New lessor disclosure statements and amendments to retail leasing legislation

Article by Mary Digiglio, Swaab Attorneys Retail landlords now have new disclosure obligations and also need to be aware of proposed changes under the Retail Leases Amendment Bill (2011). New disclosure obligations for retail landlords As from 1 January 2011, a new form of landlord disclosure statement was introduced across the eastern seaboard states. This …

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