The Property Mill Queensland – 18 October 2015

October, 2015

In the media

Chinese investors flooding billions into the Australian real estate market prompt money laundering fears

The former head of Australia’s anti-money laundering agency calls for solicitors and real estate agents to be forced to report suspicious transactions, amid concerns billions of dollars in dirty money are flooding out of China and into Australian real estate (12 October 2015)

To read more, please click here.

Queensland

The Queensland Government moves to reduce retail red tape

The Queensland Government has moved to reduce red tape and improve transparency in retail leasing in Queensland. The Retail Shop Leases Amendment Bill 2015 enhances protection for retail tenants (13 October 2015)

To read more, please click here.

Clock ticking for pool owners

The Palaszczuk Government is urging the state’s swimming pool owners to ensure their pool fences comply with state laws by 1 December (13 October 2015)

To read more, please click here.

Stage two of Gold Coast light rail on track for Commonwealth Games

Gold Coast Light Rail Stage 2 will be delivered in time for the Commonwealth Games with all three levels of Government committed to fund the extension (10 October 2015)

To read more, please click here.

Gold Coast light rail gets $95m federal funding boost

The Federal Government commits $95 million for the proposed expansion of the Gold Coast Light Rail project, with Prime Minister Malcolm Turnbull saying it is a vital piece of infrastructure for Queensland (11 October 2015)

To read more, please click here.

Federal Government invests $3.5 million in Solar Plant for North Queensland

A $23.4 million Solar Plant will now supply renewable energy to Weipa’s bauxite mine, processing facilities, township and port in the first commercial diesel displacement solar plant at a remote mining operation in Northern Australia (29 September 2015)

To read more, please click here.

Cases

Meridien Airlie Beach Pty Ltd (Receivers and Managers Appointed) (in liq) & Anor v Karamist Pty Ltd [2015] QCA 192
LANDLORD AND TENANT – TERMINATION OF THE TENANCY – FORFEITURE – RELIEF AGAINST FORFEITURE – RELIEF UNDER STATUTE – GENERALLY – where the appellants and respondent entered into two subleases for recreational purposes – where the appellants are the sublessors and the respondent is the sublessee – where the respondent defaulted in payment of the deferred rent within the required timeframe – where the appellants lodged notices of surrender of the subleases – where the respondent eventually paid the deferred rent – where the appellants refused to reinstate the subleases – where the respondent was successful in its application for relief against forfeiture pursuant to s 124 of the Property Law Act 1974 (Qld) – where the appellants are appealing the decision of the primary judge – whether the primary judge misdirected himself in relation to the legal test to be applied in cases of relief against forfeiture – whether the primary judge failed to provide adequate reasons in granting relief to the respondent – whether the primary judge failed to find against the weight of evidence in circumstances where there was insufficient evidence to support the respondent’s application.

To read more about this case, please click here.

Legislation

Bills

Retail Shop Leases Amendment Bill 2015

Introduced into Parliament 13 October 2015
The new Bill will safeguard prospective buyers of a retail business by requiring the seller to provide disclosures about the lease for the business premises, before a business contract is entered into.

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E: lpaterson@millsoakley.com.au

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E: challgath@millsoakley.com.au

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E: apeppinck@millsoakley.com.au

Perth

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E: alogan@millsoakley.com.au

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E: pthaung@millsoakley.com.au

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