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Duties Update
There are proposed changes to land tax and duties payable that were announced in the New South Wales Budget on 6 June 2006 and as a result of the introduction of the Duties Amendment (Abolition of State Taxes) Bill 2006 (Bill) into the NSW Parliament on Wednesday 7 June 2006.
Developments In The Law On Existing Use Rights
“Existing Use Rights”
Section 106 of the Environmental Planning & Assessment Act 1979 (“EP&A Act”) defines existing use of a building, work or land as a use that is lawfully commenced but subsequently becomes a prohibited use after a change to an environmental planning instrument (“EPI”).
