Conveyancer News

NSW land titles registry leased for $2.6 billion to Hastings Funds Management, First State Super

18 August, 17,

The Berejiklian government has announced it will lease the state's 150-year-old land titles registry to Hastings Funds Management and First State Super, after accepting their bid of $2.6 billion. Premier Gladys Berejiklian, flanked by Treasurer Dominic Perrottet, said the 35-year concession of Land and Property Information (LPI) would lead to better customer service and a "massive" infrastructure boost.

Just in from the ATO

19 August, 16,

Key points: ATO identified more than 270 breaches of foreign investment rules and issued 150 penalty notices by EOFY on June 30 Penalties totalled $695,980, or an average of $4,640 each Mr Abbott introduced higher penalties after 2014 inquiry revealed no prosecutions for breaching rules since 2006