Society Releases Contract of Sale (2017) V2

The Society has released updated standard conditions and particulars of sale which documents can be found here.

Purpose:  The amendments were developed in response to recent federal tax anti-avoidance law reform measures. More specifically, the introduction of the CGT foreign resident withholding and third party mandatory reporting regimes, administered through ATO and SRO respectively (in the latter case, on the ATO’s behalf).

Table – Amendments in A Nutshell

Transition: copyright will be withdrawn on all previous versions of the contact (including the version release in April 2017, effective 24 August 2017.

Property & Commercial Law Committee, Law Society of Tasmania