Australia and New Zealand Property Journal: April 2012
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Launch of "Strata Title Property Rights– Private Governance of Multi
Launch of “Strata Title Property Rights – Private governance of multi-owned properties” by Cathy Sherry University of New South Wales 2 August 2017 Mark Leeming1 Everyone is interested in architecture. Perhaps the best illustration of this is the runaway success of Kevin McCloud’s “Grand Designs” televison shows. Putting to one side the allure of McCloud himself, that success is in part a testament to the basic urge to build one’s own home, something which is never going to happen for the overwhelming majority of Australians. And even for those who merely end up owning their own home, increasingly that home will be a lot within a strata scheme or community title. There have been more than 1 million people living in Sydney in such schemes since 2011, and both the number and the proportion are only going to increase. Walking to this launch from the closest railway station this evening well illustrates the phenomenon. I passed a very rare single storey sandstone 19th century terrace a couple of minutes from Green Square, next to rows of late Victorian and early twentieth century two storey terraces. But then there were blocks of modern high density towers, before, after passing under Southern Cross Drive, one sees examples of the very worst of the 1960s and 70s three storey walk-ups, products of the legislation the subject of this book. One of the things which the photographs in this delightful book (yes, photographs in a law book!) convey is the changing architecture of flats and apartments, connected with legislative changes. There is, in the case of planning law and laws governing communal living, a very close link between the legislative regime and the lived-in character of the urban environment. -
THE Definitive PRIME RESIDENTIAL Briefing THE
A GLOBAL PERSPECTIVE ON PRIME RESIDENTIAL PROPERTY AND WEALTH THE DEfINITIVE PRIME RESIDENTIAL BRIEfING new HIGH fOR CONTEMPORARY ART THE WORLD’S MOST INfLuENTIAL CITIES ASIA PACIfIC PRIME REAL ESTATE OuTLOOk fOCuS ON PROPERTY MARkET INVESTMENT WHERE THE WEALTHY ARE INVESTING KNIGHT FRANK TERMS AND DEFINITIONS HNWI is an acronym for 'high-net-worth individual’, a person whose investible assets, excluding their principal residence, total between $1m and $10m. An UHNWI (ultra-high-net-worth individual) is a person whose investible assets, excluding their primary residence, are valued at between $10m and $100m-plus. The term ‘prime property’ equates to the most desirable, and normally most expensive, property in a defined location. Commonly, but not exclusively, prime property markets are areas where demand has a significant international bias. Exchange rates: unless otherwise stated these were calculated using the rate on Feb 1 2010. The Wealth Report 2010 Attitudes Survey: the participants of the survey comprised clients of Citi Private Bank. Survey conducted between 1 December 2009 and 31 January 2010. CONTRIBUTORS Prime, prestige, luxury – all labels applied to the top end of the residential property Written and edited by Andrew Shirley and Liam Bailey, Knight Frank LLP. For research and press enquiries: Liam Bailey, Knight Frank LLP, market in different parts of the world. 55 Baker Street, London W1U 8AN +44 (0)20 7861 5133 ANDREW SHIRLEY Andrew, when not editing While the names may differ, the desire of High¯Net¯Worth Individuals to own The Wealth Report 2010, is head of and invest in the best property is ubiquitous around the globe. -
March 2018 New Releases
March 2018 New Releases what’s inside featured exclusives PAGE 3 RUSH Releases Vinyl Available Immediately! 59 Vinyl Audio 3 CD Audio 8 RICHIE KOTZEN - TONY MACALPINE - RANDY BRECKER QUINTET - FEATURED RELEASES TELECASTERS & DEATH OF ROSES LIVEAT SWEET BASIL 1988 STRATOCASTERS: Music Video KLASSIC KOTZEN DVD & Blu-ray 35 Non-Music Video DVD & Blu-ray 39 Order Form 65 Deletions and Price Changes 63 800.888.0486 THE SOULTANGLER KILLER KLOWNS FROM BRUCE’S DEADLY OUTER SPACE FINGERS 203 Windsor Rd., Pottstown, PA 19464 [BLU-RAY + DVD] DWARVES & THE SLOTHS - DUNCAN REID & THE BIG HEADS - FREEDOM HAWK - www.MVDb2b.com DWARVES MEET THE SLOTHS C’MON JOSEPHINE BEAST REMAINS SPLIT 7 INCH March Into Madness! MVD offers up a crazy batch of March releases, beginning with KILLER KLOWNS FROM OUTER SPACE! An alien invasion with a circus tent for a spaceship and Killer Klowns for inhabitants! These homicidal clowns are no laughing matter! Arrow Video’s exclusive deluxe treatment comes with loads of extras and a 4K restoration that will provide enough eye and ear candy to drive you insane! The derangement continues with HELL’S KITTY, starring a possessed cat who cramps the style of its owner, who is beginning a romantic relationship. Call a cat exorcist, because this fiery feline will do anything from letting its master get some pu---! THE BUTCHERING finds a serial killer returning to a small town for unfinished business. What a cut-up! The King of Creepy, CHRISTOPHER LEE, stars in the 1960 film CITY OF THE DEAD, given new life with the remastered treatment. -
THE ASIA-PACIFIC 02 | Renewable Energy in the Asia-Pacific CONTENTS
Edition 4 | 2017 DLA Piper RENEWABLE ENERGY IN THE ASIA-PACIFIC 02 | Renewable energy in the Asia-Pacific CONTENTS Introduction ...................................................................................04 Australia ..........................................................................................08 People’s Republic of China ..........................................................17 Hong Kong SAR ............................................................................25 India ..................................................................................................31 Indonesia .........................................................................................39 Japan .................................................................................................47 Malaysia ...........................................................................................53 The Maldives ..................................................................................59 Mongolia ..........................................................................................65 Myanmar .........................................................................................72 New Zealand..................................................................................77 Pakistan ...........................................................................................84 Papua New Guinea .......................................................................90 The Philippines ...............................................................................96 -
Turning Distance Into an Advantage
Capital Thursday, May 19, 2016 Section D Markets NZ stock market in tip-top shape sthe benchmark S&P/ “In the next year or two, we expect NZX50 share index heads NZX boss Tim Bennett doesn't believe the sharemarket is over- to see agood mix of New Zealand towards yet another record businesses come to the market in the A high, NZX chief executive valued; he says it is poised for further growth, as Jamie Gray reports mid-sized businesses —inthe range Tim Bennett says the market is in of $300 million to $700 million,” great shape. Bennett says. The index built on an already As the sharemarket enters another strong 2014 to end last year with a year of very strong gains, analysts 13 per cent gain. fear it is looking overvalued from a Concerns about an economic price-earnings perspective but slowdown in China led to convul- Bennett is dismissive. sions in domestic and world markets “It’s all relative,” Bennett says. “New in February, but investors seem to Zealand is an attractive market. We have put their worries behind them have got avery strong economy. We for now. have got businesses that are paying “The sharemarket is in great relatively high yields and with agood shape,” Bennett says. ``We have seen, mix of companies to invest in.'' over anumber of years, avery strong The common complaint from fund performance in the index. We are also managers is that not enough IPOs seeing alot more interest in the initial have come to the market to meet public offer (IPO) pipeline this year investor demand. -
Annual Report
Top Ranking Report Annual Report Architectural Record ENR VMSD Top 300 Architecture Top 150 Global Top Retail Design Firms: Design Firms: Firms of 2014: # #1 Firm Overall #1 Architecture Firm #1 Firm Overall Building Design ENR Interior Design Message from the Board of Directors 2014 World Top 500 Design Firms: Top 100 Giants: Architecture 100 Most #1 Architecture Firm #1 Architecture Firm Admired Firms: Gensler is1 a leader among the #1 in Corporate Office As we celebrate our 50th anniversary, we world’s architecture and design #1 US Firm #1 in Retail #4 Global Firm #1 in Transportation firms. Here’s how we ranked in #1 in Government look forward to more record-setting years, our industry in 2014. #1 in Cultural thanks to our great client relationships and extraordinary people around the world. Financial Report Our financial performance and recognition throughout the We’re entering our 50th year stronger than ever. Financially strong and debt-free, we contributed industry are indications of the breadth of our practice, our global In 2014, our global growth continued apace $38.5 million in deferred compensation to our reach, and the long-standing trust of our clients. with our clients as they entrusted us with new employees through our ESOP, profit-sharing, and challenges and led us to new locations. Our international retirement plans. We made strategic expanded Gensler team of 4,700+ professionals investments in our research and professional We’ve broadened our services to 27 now work from 46 different offices. With their development programs, along with upgrades to practice areas, with total revenues help, we completed projects in 72 countries and our design-and-delivery platform and the tools for the year setting a new record $ increased our revenues to $915 million—a record and technology to support it. -
Non-Residential Condominium Valuations
Professional Excellence Bulletin [PP-16-E] September 1995 Revised January 2007 Non-Residential Condominium Valuations In a number of marketplaces across the country, condominium – or strata title (the terms are synonymous) subdivided developments are becoming commonplace. These projects are marketed on the basis that businesses can own the space within which they operate, as well as to individual investors on the basis that this ownership interest can be acquired in commercial or industrial properties at price levels below those possible in conventionally subdivided free- standing investment properties. One also sees bareland strata subdivisions develop from time to time, wherein individual lot owners acquire an interest in common property, like an improvement, lying outside their lot boundaries. Bareland strata provides a fee simple ownership mechanism, yet offers substantial advantages over the alternative non-fee simple mechanisms to retain control of these offsite improvements, such as cooperative or corporate share arrangements. Much as on-going exposure to residential condominium properties has led to a significant body of knowledge within the appraisal community for the valuation of these assets, the passage of time has brought about a greater awareness of the pitfalls inherent in non-residential strata properties, some of which entail potential litigation risk for appraisers. Strata title commercial/industrial properties offer the advantages of ownership in smaller properties than could be achieved for stand-alone buildings; maybe the only way to secure tenure in a specific location, and offer reduced management burden for such things as building and grounds maintenance. However, individual unit owners have less control over both day-to-day operations, and eventual re-development. -
Wayne A. Budd
PRESENTSPRESENTS in the law IN PARTPARTNERSHIPNERSHIP WITH GOLD SPONSORS SPO SROSN SILVERSILVER SPONSORS SPONSO SR BESPOKE BANKING 2012 Annual Dinner Featuring Keynote Speaker VICTORIA REGGIE KENNEDY, ESQ. Thursday, May 31 ◆ Westin Boston Waterfront 5:30 p.m. Reception ◆ 7 p.m. Dinner Honoring Also honoring MBA LEGISLATOR OF THE YEAR 2012 ACCESS TO JUSTICE AWARDS RECIPIENTS Legal Services Award Thomas Mela Massachusetts Advocates for Children Pro Bono Law Firm Award Brody, Hardoon, Perkins & Kesten LLP Boston Pro Bono Publico Award Linda Hickman SPEAKER ROBERT A. DELEO Neighborhood Legal Services Inc. (D-Winthrop) Defender Award Dulcinea (Duci) Goncalves Sponsorship and registration CPCS Youth Advocacy Department information at Prosecutor Award Michael Fabbri www.MassBar.org/AD12 or (617) 338-0530. Massachusetts Lawyers Weekly • May 2012 • B3 in the law TABLE OF CONTENTS Up & Coming Lawyers Excellence in Diversity Excellence in Firm Alison R. Bancroft . 5 Wayne A. Budd . 19 Administration Jason G. Benzaken . 5 Angela McConney Scheepers . 19 Fangli Chen . 6 Catherine E. Reuben . 20 Lorraine Curry . 23 Zachary N. Coseglia . 6 Minita Shah-Mara . 20 Sherley E. Cruz . 8 Excellence in Operations Vikas S. Dhar . 8 Excellence in Pro Bono Steven E. Gagne . 9 Julie C. Pease . 23 Daniel K. Gelb . 9 Hanishi T. Ali . 21 Cynthia M. Gilbert . 10 Susan M. Finegan . 21 Rebecca A. Jacobstein . 10 William E. Kelly . 21 Excellence in Legal Joseph P. Kennedy III . 11 William O’Brien . 22 Journalism Adam J. Kessel . 12 William L. Patton . 22 John B. Koss . 12 Michael N. Sheetz . 22 Kevin Cullen . 24 Stephen M. LaRose . 13 Brown Rudnick . 22 Katharine L. -
Portugal Investor Guide 2019
Portugal Investor Guide 2019 THE LEGAL PERSPECTIVE PORTUGAL INVESTOR GUIDE 2019 2 WWW.DLAPIPER.COM Contents INTRODUCTION 04 6.6 Assignments/transfers 12 1. OWNERSHIP OF REAL ESTATE 05 6.7 Subleases 12 6.8 Termination 12 1.1 Full ownership 05 6.9 Sale of leased property 12 1.2 Surface right, usufruct and right of use 05 7. TAX 13 1.3 Condominium 05 1.4 Restrictions on ownership by foreigners 05 7.1 Transfer Taxe, Stamp Duty 13 2. ACQUISITION OF OWNERSHIP 06 7.2 Value added Tax 13 7.3 Other Real Estate Taxes 13 2.1 Formal requirements 06 7.4 Taxation of rental income from 2.2 Registration 06 Real Estate 14 2.3 Asset deals 06 7.5 Taxation of dividends from a company 2.4 Share deals 07 owning Real Estate 15 2.5 Public auctions 07 7.6 Taxation of capital gains on Real Estate 16 3. OTHER RIGHTS TO PROPERTY 08 7.7 Taxation of capital gains from the disposal of shares Corporate Resident Entities 16 3.1 Mortgages and charges 08 7.8 Taxation of Capital Gains From the Disposal 3.2 Easements 08 of Shares by Non-Residents 16 3.3 Pre-emption rights 08 7.9 Real Estate Funds 17 3.4 Options 08 7.10 Portuguese Reits 18 3.5 Overage 08 8. REAL ESTATE FINANCE 20 4. ZONING AND PLANNING LAW PERMITS 09 8.1 Interest rate risks 20 5. ENVIRONMENTAL LIABILITY 10 8.2 Assets held as security 20 6. LEASES 11 8.3 Further collateral agreements 20 6.1 Duration 11 8.4 Taxation on the creation of security 20 6.2 Rent 11 CONTACT 21 6.3 Rent review 11 ABOUT DLA PIPER 22 6.4 Operating expenses 11 6.5 Maintenance, repair and reinstatement at end of lease 11 3 PORTUGAL INVESTOR GUIDE 2019 Introduction In recent years, Portugal has in turn enhanced the ability to inance The stability of the real estate market become an attractive market for real estate transactions. -
Financial Services Update
MAY 2016 FINANCIAL SERVICES UPDATE Some welcome relief for managers of real property schemes. The Financial Markets Authority (FMA) CUSTODY OF REAL PROPERTY The first exemption removes the need for real property has announced a new class exemption assets of existing closed property investment schemes to for managers of property schemes. The be held by the scheme’s supervisor or an independent custodian. This will be conditional on the supervisor exemption announced yesterday relieves holding a first ranking security that is registered against the managers and their custodians from the property. If a manager holds real property under this exemption then it will also be exempt from the need to some of the licensing and governance obtain an annual assurance engagement - this would requirements that would usually apply otherwise require the manager to engage an auditor to provide an annual assurance report on the custodial under the Financial Markets Conduct Act processes, procedures and controls. (FMCA), and that may cause unnecessary All other assets will need to be held by the supervisor or custodian and will be subject to an annual assurance costs for property schemes because of the engagement. special nature of their assets and operations. CASH RECONCILIATIONS Custodians of all schemes (new and existing) will be exempt from the requirement to undertake daily cash reconciliation. This will be conditional on reconciliations taking place at a frequency that is appropriate for the volume and frequency of transactions. Financial Services Update | 1 QUALIFYING PROPERTY INVESTMENT KEY CONTACTS SCHEMES IN ACTIVE WIND-UP Daniel Arapere The FMA has recognised that, for a scheme that is in Partner active wind-up, the cost of compliance with the new +64 4 474 3210 licensing and governance requirements will outweigh the [email protected] benefit for investors. -
Lending with Boq
LENDING WITH BOQ Version Number: 20 Effective Date: 20 July 2020 Important: This is NOT a full version of the Bank of Queensland’s home loan policy. It is a guide only. Acceptance of any loan application is always at Bank of Queensland’s lending discretion, and this document is not to be relied upon or represented as the bank’s current policy. Bank of Queensland Limited ABN 32 009 656 740 (BOQ). Important: This is NOT a full version of the Bank of Queensland’s home loan policy. It is a guide only. Acceptance of any loan application is always at Bank of Queensland’s lending discretion, and this document is not to be relied upon or represented as the bank’s current policy. Bank of Queensland Limited ABN 32 009 656 740 (BOQ). TABLE OF CONTENTS Introduction 1 Forms of acceptable income 2 Validating income 4 Validating Savings, account conduct & expenses 9 Security 13 Established Multiple Units 4 TO 6 17 Guarantees 18 Property valuations 19 Important: This is NOT a full version of the Bank of Queensland’s home loan policy. It is a guide only. Acceptance of any loan application is always at Bank of Queensland’s lending discretion, and this document is not to be relied upon or represented as the bank’s current policy. Bank of Queensland Limited ABN 32 009 656 740 (BOQ). INTRODUCTION Loan Interviews • Conduct face-to-face loan interviews with all new Borrowers and Guarantor/s. • Obtain identification and verify inline with group Customer Identification Guidelines. Note: Face to Face loan interviews can be conducted via video conferencing facilities. -
Development of Land-Title Registration Systems
Development of Land−Title Registration Systems − A Developed Country Experience Australia Table of Contents Development of Land−Title Registration Systems − A Developed Country Experience Australia............1 FOREWORD..........................................................................................................................................1 EXECUTIVE SUMMARY........................................................................................................................2 INTRODUCTION....................................................................................................................................3 I. NEW SOUTH WALES BEGINNINGS..................................................................................................4 A. Allocation of land.........................................................................................................................5 B. Registration of deeds...................................................................................................................5 Sources............................................................................................................................................6 II. THE SYSTEM OF SURVEYS.............................................................................................................6 A. The functions of the system.........................................................................................................6 B. Creation of parcels by the Crown................................................................................................6