Insights and News
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...
Overview of Stage 1 in the Strata Building Bond Scheme
Stage 1 of the Strata Building Bond and Inspections Scheme is for the developer of a new residential strata building (4 storeys or higher) to lodge a building bond in the form of a bank guarantee with NSW Fair Trading. This is required prior to...
The Strata Building Bond and Inspections Scheme
What is the Process for Complying with the Strata Building Bond and Inspections Scheme? There are many different stages for the developer to undertake in order to comply with the Strata Building Bond and Inspection Scheme. NSW Fair Trading offers...
Capital Gains Tax: Capital Loss and Equipment Depreciation Schedules
What is Capital Gains Tax? Capital Gains Tax (CGT) is a form of income tax that a property owner is liable to pay within the financial year of selling their property. When selling a capital asset, shares or real estate, you usually make a capital...
Unlock Tax Benefits with a Tax Depreciation Schedule
A Tax Depreciation Schedule empowers investors by turning property value depreciation into tax deductions. As time passes and buildings age, their worth declines, including the contents within. This schedule estimates the depreciation and...