Insights and News
Introduction to Stage 3 of the Strata Building Bond and Inspections Scheme
Stage 3 of the Strata Building Bond and Inspections Scheme involves the interim inspection carried out by the appointed building inspector and a report documenting the defects findings of the inspection. This report must be completed within 15 to...
Introduction to Stage 2 of the Strata Building Bond and Inspections Scheme
Stage 2 of the Strata Building Bond and Inspections Scheme calls for the developer to appoint a building inspector within 12 months of the issue of an Occupation Certificate (OC). The OC allows people to occupy the building and deems the project...
Adjusting Tax Returns to Capture Missed Depreciation
Are you an investor and have only recently become aware of a tax depreciation schedule and the deductions that are available for your investment property? Firstly, welcome to the party! Secondly, let’s tackle this right now as you might be missing...
Renovations and Depreciation: Division 40
ATO: “Any owners who purchase a second-hand residential investment property who have exchanged contracts after 7:30 pm on the 9th of May 2017 will not be able to claim tax depreciation on existing Plant and Equipment (Division 40).” Well, have you...
The Design and Building Practitioners Act 2020 (DBP) Act Key Takeaways
What is the DBP? The Design and Building Practitioners Act 2020 (DBP) Act regulates design and building work in NSW by imposing certain obligations on Design, Building and Engineering Practitioners. The DBP Act covers class 2 buildings and...
The Value of Australian Standards Key Takeaways
What are They? Standards Australia is the country’s leading independent, non-government, not-for-profit standards organisation. Australian Standards (AS) establish a common language to define quality and safety. In a nutshell, a standard is an...