Projects Archives - Vincent Young

Projects Property

10 April, 2024

Proposed New Tax Breaks for BTR Investment and Development

The Federal Government has this week released draft legislation aimed at stimulating investment and development within the build-to-rent sector, aligning with its ambitious objective to construct 1.2 million new residences by 2029. This legislation, proposed to amend the Income Tax Assessment Act 1936, 1997 and 1953, seeks to introduce tax incentives…

Victoria Caldwell

Building Construction Contracts Projects

4 April, 2024

La Niña And Its Effect On Contractors

The last La Niña (wet period) lasted for more than 1 year and ended in March 2023. After a few months of a neutral period, El Niño (dry period) started in September 2023. El Niño was expected to persist until at least the second quarter of this year. However, based…

Victoria Caldwell

Building Development Projects Property

14 December, 2023

Ribbon Project by Greaton at Darling Harbour

Congratulations to Greaton on completion of the Ribbon project at Darling Harbour, comprising the largest W Hotel in the world, including the new redeveloped IMAX theatre experience and retail. Vincent Young lawyers is excited to have had the opportunity to have worked alongside the dedicated Greaton team on this very…

Victoria Caldwell

Building Construction Contracts Development Litigation Projects

10 November, 2023

Recourse To Security Based On A Bona Fide Claim

Total Construction Pty Ltd v Catholic Healthcare Limited NSWSC 585 It is common for bank guarantees (BGs) to be used as a form of security to secure the performance of a contractor’s obligation in a construction contract. A principal’s right to have recourse to the BGs is often governed by…

Victoria Caldwell

Projects Property Stamp duty Tax

6 October, 2023

Increase in Property Related Duties – A further revenue hit

The release of the 2023-24 budget by NSW Treasurer Daniel Mookhey on September 19, 2023, marked a significant turning point in the fiscal landscape of the state projected to yield a substantial increase in revenue, estimated at nearly $1 billion over the next four years. In this article we focus…

Vincent Young

Building Construction Contracts Development Projects

7 September, 2023

Always Presume Design Liability

New trends increasing a contractor’s liability – AS4902 Last year we published an article explaining a recent trend concerning the imposition of design liability on contractors through buildability clauses in construct only contracts. In this article we examine another trend concerning increased design liability exposure to contractors’ in design &…

Brett Vincent

Building Construction Development Projects Property

23 August, 2023

NSW Government Announces Dramatic Planning Re-structure

On Friday 18 August 2023, New South Wales Premier, Chris Minns, unveiled a drastic new portfolio re-structure aimed at tackling energy challenges, climate change, environmental preservation and housing concerns. From 1 January 2024, the Department of Planning and Environment will undergo a strategic division into two new specialised Departments: the…

Vincent Young

Building Construction Development Projects

12 July, 2023

The Design And Building Practitioners Act Claims In NCAT

Case Note - Deaves v Sigma Group NSW Pty Limited NSWCATAP 94 The Home Building Division of Civil and Administrative Tribunal of New South Wales (NCAT) can determine residential building work disputes typically involving breaches of the statutory warranties in section 18B of Home Building Act 1989 (NSW) (HBA). It…

Vincent Young

Building Construction Development Projects

22 May, 2023

Contractors, Be Prepared – Key changes to building laws from 3 July 2024

Introduction From 3 July 2024, the Design and Building Practitioners Act 2020 (NSW) (DBPA) and Residential Apartment Buildings (Compliance and Enforcement Powers) Act 2020 (NSW) (RABA) will apply to the construction of new class 3 and 9c buildings. This article sets out the key changes of which contractors should be…

bluesix

Building Construction Defects Law Projects Property

12 April, 2023

Application of Limitation Periods to the Statutory Duty of Care under the Design and Building Practitioners Act

The introduction of the Design and Building Practitioners Act (DBPA) represents a tremendous reform for the construction industry. The duty of care imposed by section 37 has the potential to impact both businesses and individuals significantly. Industry stakeholders should be aware of the limitation periods applying to this duty. Relevant…

bluesix

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