New Auction Laws for Queensland

Posted on 27 November 2014
Nobody loves change. So we understand some of the commentary about the new Property Occupations Act which commences on Monday December 1st. The Act has some new provisions around auctions and there’s been some confusion over what it means.
It’s time for some clarity and to reassure sellers and buyers that auction will continue as a popular sale method for many years to come. After December 1st a real estate salesperson handling an auction property can, and usually will, provi...
 

Implementation of regional planning laws discussed with landholders

Posted on 30 October 2014
Sourced from GasFields Commission Queensland The GasFields Commission joined a group of Darling Downs landholders at a special briefing in Toowoomba this week to discuss the implementation of the State's new regional planning laws. The meeting was hosted by Deputy Premier, Jeff Seeney and Agriculture Minister, John McVeigh with a group of about 30 landholders in attendance. The Regional Planning Interests Act came into effect from June this year to provide a more balanced way ...
 

CSG industry watchdog responds to landholder queries

Posted on 21 October 2014
Sourced from GasFields Commission Queensland Queensland's Coal Seam Gas (CSG) Compliance Unit has resolved more than 80 percent of the 237 landholder enquiries it has received up to 30 September this year, covering a wide range of issues from bores, to CSG operations and land access. CSG Compliance Unit with landholder The CSG Compliance Unit undertakes industry compliance, auditing and engagement activities and includes groundwater experts, and specialists in petroleum and...
 

Good as Gold: Valuing land interests of mining operations and stamp duty

Posted by John Riley, Marina Raulings - Minter Ellison on 30 September 2014
Source:  Minter Ellison Alert, 20 May 2013 Although not involving stamp duty, the recent case of Resource Capital Fund III LP v Commissioner of Taxation [2013] FCA 363 is a good reminder that the proper valuation of land interests held by mining entities is an important exercise in correctly determining the amount of any landholder or land rich duty payable on acquisitions of interests in the entity. The case also provides some guidance regarding the proper valuation of minin...
 

New Clarity on Compensation for Landowner Time

Posted on 30 September 2014
Source:  Corrs Chambers Westgarth, 30 July 2013 In a recent decision, the Land Court found that landowner time, in and of itself, is not recoverable as compensation under the Mineral Resources Act 1989 (Qld) (MRA). The Court considered whether the scope of the compensation provisions in relation to the grant of a mining lease under the MRA allowed the recovery of landowner time.  These compensation provisions are in all material respects the same as the compensation pro...