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Q: Did you know that there are many exemptions to the payment of transfer duty in Queensland?A: The Office of State Revenue website sets out the many exemptions allowed for the payment of transfer duty. These exemptions range from exemptions applied to deceased estates to...
Q: Are there any differences between the ADL and REIQ Contracts versions? A: Both the ADL and REIQ Contracts differ significantly in the standard Contract terms. It is critical that the version of Contract being used is taken into account when looking at a Contract as...
Q: Did you know that the Regional Home Building Boost Grant has been extended? A: The Regional Home Building Boost Grant has been extended until 31 March, 2021. In order to be eligible for the grant you must buy or build a new home in regional...
Q: When must keys be delivered to a Buyer following settlement? A: Pursuant to the terms of the current REIQ Contract, if the Buyer requests delivery of the keys at settlement not less than two clear business days before settlement, then the Seller must deliver all...
To all of our clients and friends of Ownit we would like to take this opportunity to thank you for your support during 2020.2020 has been an incredibly difficult year for so many and we would like to take the time to say a heart...
The Federal Government has recently announced that the Home Builder Scheme which was due to cease at the end of the year has now been extended until 31 March, 2021.Contracts signed between January and March 2021 will now attract the lower grant amount of $15,000.00...
A range of changes to the Guardianship and Administration Act 2000 and the Powers of Attorney Act 1998 came into effect on Monday 30 November 2020. A key change is that from 30 November 2020, new forms have been introduced for Enduring Powers of Attorney....
We are pleased to announce that we have recently employed a Wills & Estate specialist Solicitor to assist our clients with all of their Wills and Estate planning needs. Geoff Cameron comes to our office with extensive experience in all areas of Succession Law. We want...
On 1 October 2020 Certificates of Classification were renamed to Certificates of Occupancy. A Form 11 Certificate of Occupancy contains various information regarding the class and permitted use of a building, fire safety and any other building requirements. Any valid Certificate of Classification issued before...
Following recent highly destructive weather events the question arises as to what the rights of a Buyer are when a property is damaged due to a weather event? It is important to remember that under the terms of the Queensland REIQ Contract the property is...