Categories for AICWA

Home Building Grant Schemes

5/8/2020
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General Update The contract date and commencement time frames are for the construction part of the schemes. The purchaser must have entered into the off-the-plan sales contract between 4 June 2020 and 31 December 2020. Commonwealth Building must commence after 4 June 2020 and within 3 months after the building contract date (extensions of 3 months will be considered where the reasons for the delay are outside the control of the parties to the contract). State

New Joint Form of General Conditions-2018

2/12/2018
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REIWA are updating their 2011 Standard General Conditions that accompany their Offer and Acceptance Contracts. As of 13/2/18 we are advised the New 2018 Joint Form of General Conditions will be made available from their REIWA office or by license from PrintForce. REIWA are offering courses for the Real Estate industry to update themselves on the changes; Understand how the changes to JFGC will impact the following: Final inspections, the rectification of defects before settlement and the ramifications of unrepaired...

The Moving Man

13/7/2018
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AICWA Member BenefitThe Moving Man and AICWA are teaming up to provide your clients with an outstanding offer.Moving Man are able to offer a 10% discount to your clients on a pre-pack and relocation service* of household goods. *Minimum conditions apply. Refer to the offer HERE. Moving Man is happy to attend to any of your members queries regarding their company and services. Alternatively, members can check our credibility by referring to their 5 star rating on ‘Product Review’ HERE. Source:13th July 2018 AICWA...

More RCD’s in new buildings from 1/1/19

12/6/2018
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AICWA members will be aware that since 2007, all new residential premises must be fitted with at least two RCD’s (as per AS/NZS standard 3000:2007) For all domestic dwellings built before 2007, the vendor must arrange for the RCD’s to be installed before transfer of title or prior to the renting/leasing of the premises. A new version of AS/NZS 300 was released on June 26th. ASNZS 3000:2018 will commence on January 1st 2019. The new standard requires an RCD to...

Purchaser’s obligation to pay an amount for GST on taxable supplies of certain real property

27/4/2018
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LCR 2018/D1Purchaser’s obligation to pay an amount for GST on taxable supplies of certain real property “Schedule 5 of Treasury Laws Amendment (2018 Measures No. 1) Act 2018 (the Act) introduces provisions that require a purchaser of certain types of real property to make a payment to the Commissioner that represents the GST payable by the vendor. As a consequence, the purchaser then does not have a liability to the vendor for that amount.  Subject to certain exclusions a purchaser’s liability...