The Australian Taxation Office has issued a draft taxation ruling (TR 2015/D1) that addresses a range of tax issues that affect a body corporate constituted under strata title legislation and the owners of a lot that would be held under that legislation. The ruling confirms that a strata title body is treated as a company […]
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Change to what constitutes a defect that is actionable under the Home Builders Warranties. Structural defects will no longer be the threshold at which an owner can seek the assistance of statutory warranties. The test is now “A major defect in a major element”, which essentially means there is a severe defect that makes the […]
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