The Neighbourhood Disputes publication was updated to reflect amendments to the Dog and Cat Management Act which commenced 1 July 2017
Probate filing fees
The Supreme Court Probate filing fees have been updated in the retainer instructions and in the costs agreements. 1 July 2017
Estate filing fees
The costs agreements and retainer instructions have been updated to reflect changes to the Supreme Court filing fees.
Businesses changing hands
The commentary was updated to include an expanded discussion about employment agreements and the handling of employee entitlements when a business changes hands.
Assets and liabilities list
A new ‘tear off’ assets and liabilities list has been added to the retainer instructions Wills, powers of attorney precedent. This list may assist clients when they wish to provide more detail in their planning, as well retained by the client with their personal documents.
SA – Changes to Cats and Dogs legislation
Some amendments to the Dog and Cat Management Act 1995 came into effect 1 July 2017 including new registration categories: Standard Dog – for a de-sexed and micro-chipped dog; and Non-standard Dog – being all other dogs including dogs for breeding and working dogs on farms.
Coming in on 1st August new minimum welfare conditions that must be met.
Further requirements associated with de-sexing and micro chipping will come into force 1st July 2018.
SA – Revenue SA changes from 22 June 2017
Off the plan apartments.
A $10 000 grant will be provided to eligible off-the-plan apartment purchasers where the contract is entered into between 22 June 2017 and 30 September 2017.
Off-the-plan stamp duty concession.
From 22 June 2017 the off the plan stamp duty concession no longer applies to foreign purchasers. Generally the concession has been extended until 30 June 2018 .
Land tax exemption
A five year land tax exemption will apply to eligible apartments bought off-the-plan where the contract is entered into between 22 June 2017 and 30 June 2018.
Foreign purchasers – From 1 January 2018
A stamp duty surcharge of 4% will apply to foreign purchasers of South Australia residential property.
From 1 July 2017 – Foreign Resident Capital Gains Withholding Payments
For contracts entered into on or after 1 July 2017 the new foreign resident capital gains withholding (FRCGW) rate and threshold will apply to:
- real property disposals where the contract price is $750,000 and above (currently $2 million); and
- the FRCGW withholding tax rate will be 12.5% (currently 10%).
All precedents and commentaries were updated to reflect these changes.
SA – Neighbourhood Disputes
Local nuisance elements of the Local Nuisance and Litter Control Act 2016 commence 1 July 2017, creating a statutory framework for nuisances such as unsightly conditions, noise, odour, smoke, dust and animals.
Foreign Resident Capital Gains Withholding Payment
Early Alert – Foreign Resident Capital Gains Withholding Payment
It is proposed that from 1 July 2017 the regime will apply to all real property with a market value of $750,000 or above. Once the bill is law this alert, the commentary and precedents will be updated.