As part of the 2017-18 Federal Budget, Treasury announced its intention to tighten up GST compliance within the building and construction industry. The changes in the collection of GST payments include new GST withholding obligations on the part of purchasers, together with notification obligations for developers.
The High Court has determined that the courts do not have the power to overturn an adjudicator’s determination based on a non-jurisdictional error of law on the face of the record. What this effectively means, is that unless an adjudicator has made an error of jurisdiction in his/her determination, a court has no power to overturn that ruling.
From 1 January 2018, any building contract entered into by a developer and builder in NSW will need to adhere to the new strata building bond and inspection scheme.
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