News

We keep you updated on the important matters affecting our industry. Read through the latest news and updates from the Institute.

Wage theft

Imminent wage theft laws introduce criminal law penalties

Following several high profile cases in recent years, the topic of wage theft laws and the associated introduction of criminal law penalties continue to feature in the Federal Government’s IR reform working group discussion process.
Stamp duty

NSW to end stamp duty

The Institute is watching closely the stamp duty/land tax reform proposals in NSW following our own call for reform to land taxes in our recent submission to the Queensland Government ahead of the upcoming State budget.
Budget

Budget before Christmas

Immediately after the election the Institute made five key recommendations for consideration in development of the State’s upcoming budget, due before year end.
Children in Creekwood Playground

Creating and supporting communities

For many people, 2020 was the first time normal lifestyles had been severely restricted. In the midst of this adversity, it became apparent how important the property industry is in fostering strong communities.
Bundaberg

Covenants not supported in amendments

The Institute’s Bundaberg Branch has written to Bundaberg Regional Council recommending against the use of property covenants as a means of facilitating vegetated buffers as part of Council’s new planning scheme policy for agricultural buffers.

Uncompleted works bonds proposals

Bundaberg Regional Council is proposing amendments to the Planning Scheme policy for development works – uncompleted works bonds.
Delay

Financing delays being experienced

The policy team has been receiving member feedback on HomeBuilder that brokers and financiers are delaying the progress of finances on the basis of land needing to be registered before valuations are carried out, or as part of the loan...
Road

Main Roads results a priority

Assisting projects to get timely and balanced approvals from the Department of Transport and Main Roads is a priority for the Institute.
Body Corporate

Improved body corporate regulations

The Institute's efforts to work with the government on the review of the Body and Community Management regulations has been fruitful.