Way to do cheap properties Conveyancing
The book was jointly published with the advisory and accountancy firm KPMG and aims to bring the industry out of the dark before the new tax system takes effect on July 1 2000. Property Council of Australia National President Carol Schwartz said the GST would change the way the industry does business. “Whether you’re a property developer, financier or manager, the ramifications of the GST to business are wide-ranging and significant,” Ms Schwartz said.

€œThe GST will affect lease arrangements, rents, body corporate fees, negative gearing as well as property development financing, dividends and trust distributions, just to name a few. “As the peak industry body in the property sector, we have a duty of care to our members to ensure the transition to the new tax system is as smooth as possible.
There’s an alarmingly low level of business preparation for the GST, despite the magnitude of the changes. We want the property sector fully equipped to handle the new tax regime.” Ms Schwartz said the book was part of an unprecedented campaign to educate the industry about the GST and its effect on business. Property Conveyancers has many years of experience assisting property investors with their conveyancing and other legal related matters. “Since November last year the Property Council has released a preliminary information booklet about the GST, hosted several forums with tax experts to discuss the changes and published numerous editorials in our Property Australia magazine,” Ms Schwartz said.
This is the next step of our business education program.” The book can be purchased from the Property Council. The proposed sale of a further $188 million of Commonwealth property ended one of the most radical changes in public policy since Federation.
Mr Verwer said the Federal Government had reached the end of a four-year program of selling their commercial property assets, a policy first proposed by the Property Council in 1996 and subsequently adopted by the incoming Howard Government. “We submitted a plan in 1996 to the then Liberal Opposition which proposed the privatisation of all non-core property assets and the contracting out of the management of those assets,” Mr Verwer said.