Mingqiang 
From 1 July this year, the former government’s stamp duty reforms have been repealed. Under the new policy, NSW first home buyers can now access expanded stamp duty exemptions and concessions. First home buyers purchasing property valued at up to AUD $800,000 are exempt from stamp duty, and concessions are available for purchases of property valued up to AUD $1,000,000.
In Australia, when you need to authorise another person to make decisions about your assets or legal matters, you generally require a legal document — a General Power of Attorney or an Enduring Power of Attorney. This is also a sensible way to prepare for unexpected circumstances. So what exactly is the difference between a General Power of Attorney and an Enduring Power of Attorney? And what should you keep in mind when drafting one? This article will explain in detail, using New South Wales as the example.
In Australia, many people choose to rent, including international students and workers. Since 2022, those renting in Australia may have felt it keenly: “Why has the rent surged so dramatically?” According to data from SQM Research, weekly rents in New South Wales rose by 30.1% between 2022 and 2023, Melbourne weekly rents rose by approximately 23.8%, and other areas including Sydney, Canberra, Darwin and Adelaide all maintained a rise of roughly 1% per month.
When going through a divorce in Australia, alongside the divorce process itself and disputes over child custody, property settlement is one of the most important issues both parties will face. Many people hope to secure the greatest possible share of the property after divorce, and disputes of all kinds are common throughout the process. This article draws on the provisions of Australian law to walk you through the topic of property division after divorce and explain, in detail, the principles that govern how property is divided.
Just as in China, property in Australia is one of the most important assets for many families, because it represents not only material wealth but also the family’s history and legacy. When parents grow old or pass away, they often hope to transfer property to their children so that they may continue the family tradition. However, property transfers involve many legal and financial issues, so careful planning and preparation are required.
On the evening of 9 May, Australian Federal Treasurer Jim Chalmers announced the 2023-2024 Federal Budget! The Budget covers essential matters affecting everyone in Australia, including cost of living, immigration, taxation, defence and insurance. In this article we walk you through who will be affected by this year’s Budget.
Anyone living in Australia knows the traffic rules are strict — it is perfectly normal to cop a speeding fine or a licence suspension notice. Today we share several recent success stories handled by NS Legal to help you better understand NSW traffic rules, and to show how we can help if you happen to breach them.
During an Australian partner-visa application, if the visa applicant — the sponsored person on the partner visa — is subjected to family violence, physically controlled, threatened, or financially manipulated, what should the sponsored visa applicant do? And should they worry that ending the partner relationship will stop them from obtaining permanent residency?
In Australia, the courts have the power to enforce an Apprehended Violence Order (AVO) to protect people who fear being subjected to violence. So, does an AVO leave a person with a criminal record? Let’s take a closer look at how AVOs work.
The former NSW Liberal government rolled out a stamp duty reform on 16 January this year. The reformed policy allowed first home buyers to choose between paying stamp duty as a lump sum, or paying an annual property tax each year. The policy applied to first home buyers, and the property purchased could not exceed $1.5 million in value.
