RC & Co Lawyers in Melbourne, Victoria, Australia | Lawyer & law firm

RC & Co Lawyers

Locality: Melbourne, Victoria, Australia

Phone: +61 457 800 088

Address: Level 40/140 William St, Melbourne VIC 3000, Australia 3000 Melbourne, VIC, Australia

Website: http://www.rccolawyers.com

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24.01.2022 The Commonwealth Government has announced an extension of the temporary debt relief measures that is made to support people facing bankruptcy as a result of COVID-19. What was originally scheduled to be ending in late September 2020 that was introduced in March 2020 is now extended to 31 December 2020. The extension provides a temporary debt relief measure which includes: - an increase the minimum amount of debt that can trigger bankruptcy from $5,000 which has increased to ...$20,000 - the amount of time an individual has to respond to a bankruptcy notice from 21 days to 6 months - temporary debt protection period where people can for 6 months relief from creditors which is an increase from 21 days During these times of COVID-19 there are significant considerations that need to be taken in respect of applying bankruptcy laws or if you are affected by them. If you would like to know more about these temporary measures in respect of the changes to bankruptcy laws, please contact us by visiting our website at www.rccolawyers.com. See more

24.01.2022 STAMP DUTY WAIVER - VICTORIA The government has announced in the Victorian Budget 2020/21 that there will be an investment to fund a stamp duty discount. This discount will apply to homes purchased between 25 November 2020 and 1 July 2021. There will be a waiver of 50% on newly built or off-the-plan resident properties and a 25% waiver on existing residential property or vacant residential land, saving buyers up to $27,500 and $13,700 respectively . Newly built means no pr...evious occupants and residential land is land being used solely or primarily for residential purposes and that may be lawfully used in that way. In addition to this waiver there has been increase in the threshold amount from $750,000 to $1,000,000, increasing the range of buyers who are eligible. The Victorian Government has also elected to bring forth the 50% stamp duty waiver for commercial and industrial properties in regional Victoria, to January 2021 in order to encourage more business to expand, relocate or open.

22.01.2022 We are pleased to announce that one of our own lawyers, Ms Jennifer El Khoury, has successfully completed her Graduate Diploma in Migration Law. Her completion in this Diploma has allowed Jennifer to build on her already extensive knowledge and practical experience in the field of migration law, and she is now especially equipped to handle both simple and complex migration law matters, which goes hand in hand with her work ethic that is second to none. Jennifer possesses migr...ation law and policy expertise, and knowledge of the many visa subclasses Australia has to offer, which ensures that both our current and prospective clients can determine their best visa options, dependent upon their particular circumstances. Jennifer is now in the process of obtaining her Migration Agents Registration Authority. We are excited to be expanding our migration law area of practice with more knowledge and expertise, which ensures that we provide nothing short of the best services for our clients.

19.01.2022 www.rccolawyers.com

16.01.2022 MUST WATCH | Electronic Conveyancing. How does it work? It's benefits. https://youtu.be/0h2yWWvrZXk

16.01.2022 For more information, visit our website at www.rccolawyers.com

13.01.2022 Thank you Liza and Nikki of LookUp Strata for including our article in the November issue of The VIC Strata Magazine

08.01.2022 The HomeBuilder Grant provides an opportunity for those wishing to build a new home (never previously occupied and commenced building on or after 4 June 2020) or substantially update an existing home, to receive up to $25,000 to assist this process. Those entered in a contract between 4 June 2020 and 31 December 2020 are eligible to receive a $25,000 grant, and due to the government’s recent extension a contract entered into between 1 January 2021 and 31 March 2021 are eligib...le to receive a $15,000 grant. Once the contract has been signed, building must commence within 6 months which is an extension on the original timeframe of 3 months. There has been an increase to the property cap to build a new house for contracts entered into between 1 January 2021 and 31 March 2021, from the original $750,000 to $850,000 in Victoria. Whilst the renovation price restrictions on $150,000 - $750,000 and value cap of $1.5 million remains the same. The government have also extended the date on which an application must be submitted to the ‘Homebuilder Application Portal’ to 14 April 2021, regardless of when the contract is entered into.

01.01.2022 Unfair contract terms are covered by Australian Securities and Investments Commission Act 2001 (Cth) in order to protect vulnerable parties to a consumer or small business contract. The term will be void where the term is unfair, is a standard form contract and is for a financial product or service.[1]A consumer contract requires at least on party to be a consumer and a standard form contract is one which is prepared by one party without consulting or negotiating with the oth...er party.[2]A small business contract occurs where one party has less than 20 employees and the upfront price payable does not exceed $300,000 or $1,000,000 if the duration is longer than 12 months.[3] An unfair contract term is one which causes a significant imbalance in a parties’ rights and obligations, and the term is not reasonably necessary to protect the legitimate interests of the party benefiting from the term, and it would cause detriment to a consumer if relied upon.[4]This can include providing one party, but not the other, with the rights to avoid or limit liability, terminate the contract, vary the terms or receive no penalty for breach.[5] [1] Australian Securities and Investments Commission Act 2001 (Cth) s12BF(1). [2] Australian Securities and Investments Commission Act 2001 (Cth) s12BF(3). [3] Australian Securities and Investments Commission Act 2001 (Cth) s12BF(4). [4] Australian Securities and Investments Commission Act 2001 (Cth) s12BG(1). [5] Australian Securities and Investments Commission Act 2001 (Cth) s12BH(1).