Australia: Property & Projects - What's News - 18 February 2013

Last Updated: 23 February 2013
Most Read Contributor in Australia, September 2016

In the media - National

Launch of NABERS energy rating for data centres
The NABERS energy efficiency rating system has now been extended to assess energy hungry data centres that require substantial air conditioning to keep computer systems operating at optimum temperatures (08 February 2013) More...

Landholders income through carbon farming projects
Four new Carbon Farming Initiative (CFI) methodologies have been approved for forestry, piggeries and landfill operations, boosting opportunities for farmers and landowners to generate carbon credits and earn extra income under Labor's carbon pricing scheme (06 February 2013) More...

In the media – Victoria

Standardised development contributions levies
Planning Minister Matthew Guy has announced the first stage of development contributions reform by releasing a proposed framework for standardised development contributions levies. Submissions on the Standard Development Contributions Advisory Committee's first report 'Report 1 - Setting the Framework' close 12 March 2013.

In the media – New South Wales

NSW Land tax inquiry must support greenfield housing supply
The Urban Taskforce says the NSW Government inquiry into the Land Valuation System must ensure that rezoned greenfield land for housing does not become excessively burdened by land tax that makes development unviable (01 February 2013) Land tax inquiry must support greenfield housing supply

In the media – Queensland

Casual Mall Licensing Code of Practice authorised by ACCC
The Australian Competition and Consumer Commission has granted authorisation to the Shopping Centre Council of Australia Ltd for its Casual Mall Licensing Code of Practice until 31 December 2017 (06 February 2013) More...

Surveys show fewer home owners default on mortgage
Borrowers with investment property loans were 1.5 times more likely to fall into severe delinquency than those with owner-occupier mortgages, the latest Fitch Ratings report on residential mortgages shows (06 February 2013) More...

Goodman Group to start Australian Projects worth $451 Million
The Goodman Group, Australia's biggest industrial property trust, said it plans to begin warehouse and office developments worth A$451 million across the country (04 February 2013) More...

Next step taken in overhaul of land access laws
Minister for Natural Resources and Mines Andrew Cripps announces the committee that will oversee the implementation of the Newman Governments Six-Point Action Plan to reform Queensland's land access laws (07 February 2013) More...

Milton Tennis Court lawsuit finally over
The Brisbane City Council has announced the law suit with developer Kevin Seymour over his loss of the old Milton Tennis Court site to build a 20-story unit complex is finally over after more than four years (06 February 2013) More...

Local councils back Premier call for better rebuild
Local government leaders have backed Premier Campbell Newman's call for flooded roads and other infrastructure to be rebuilt to higher standards after seeing recently completed projects torn apart in last week's deluge (05 February 2013) More...

Published – articles, papers, reports – Queensland

Green office towers cast shadow over Sydney
Author: John Muscat, Online Opinion 7 February 2013
As it turns out, the lure of green building has more to do with cash than climate. By virtue of the soft economy and creeping "sustainability" measures, green-rated office towers are a gilt-edged opportunity for investors fleeing stocks and bonds More...

Cases – Victoria

Spirovski v Univest Assett Merchants Syndicators Pty Ltd & Anor (Retail Tenancies) [2013] VCAT 66
Key money paid by tenant – Retail Leases Act 2003 section 23(1) landlord must not seek or accept key money – exceptions to the prohibition in ss23(3)(c) and (f) inapplicable on the facts – estate agent's description of the key money as being for 'goodwill' a misnomer – Contract of Sale of Business proferred by landlord a sham intended to disguise demand for key money – terms of settlement are a 'lease' as defined in Retail Leases Act 2003 section 3 – terms of settlement void to the extent they have the effect of requiring the payment of key money – estoppel – tenant not estopped by terms of settlement More...

In practice and courts – Queensland

Economic Development in Queensland
From 1 February 2013, the government has established Economic Development Queensland (EDQ) to drive economic development for the state. Operating under the Economic Development Queensland Act 2012 passed in late November, EDQ will deal in residential and industrial land and work to fast-track development which will contribute to economic development. The Act also establishes the Commonwealth Games Infrastructure Authority read more about EDQ.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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