Ask about incentives when buying property 'off-the-plan'

With purchasers finding it increasingly difficult to secure the purchase of a property at auction, many are turning to private sale negotiations to buy a property not yet constructed based on plans and specifications. This is called buying "off-the-plan" and is regulated by the Sale of Land Act 1962 (Vic).  When negotiating to buy a property "off-the-plan" be sure to ask the selling agent or developer if they are offering any incentives to you as part of the sale.  Many developers do this to sweeten the deal and ensure a quick sale. ...

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Do we need a Shareholders Agreement?

This is a question we are often asked by shareholders of newly established and existing proprietary limited companies.  The simple answer is, a properly drafted Shareholders Agreement can help shareholders avoid potential disputes over the way in which a company is operated, by proving an agreement between the shareholders on predominately commercial issues not covered by a company’s Constitution. Upon incorporation a company is regulated by the Corporations Act 2001 (Cth) (Corporations Act), its regulations and to the extent a company...

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Waiting time reduced on applications using experienced lawyer early

David O’Brien a 40 year veteran in the quarry industry and Managing Director of Prosper Valley Enterprises speaks of his difficulties in applying for a Work Authority and Work Plan Variation licence in the Sand and Stone Magazine’s February/March edition.    The application “seemed like a very drawn out and expensive process,” but after changing from a local solicitor who had been creating delays, David was advised by the CMPA to engage Andrew Lumb of Nevett Ford Lawyers.    Mr O’Brien said "once Andrew...

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