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You are liable to NSW stamp duty if you are involved in a sale or transfer of land (including improvements) or a business in NSW.
A liability for stamp duty arises when the sale or transfer occurs and it is immaterial whether or not the transaction is effected by a written instrument or by other means, including electronic means. However, if the sale or transfer is effected by a written instrument, liability for stamp duty arises when the instrument is first executed. |
ANZ Bank Rate Changes - June 2012From January 2012, ANZ bank review its variable home loan and small business interest rates on the second Friday of each month, with any changes to take effect on the following Friday. Here is ANZ bank June rates decision. ANZ June rates review - rates reduced by 0.25%Following bank June review, ANZ has decreased it's variable home loan and small business interest rates by 0.25% p.a. These rate cuts are in line with RBA official interest rate cuts made on June 5th. |
RBA Meeting June 2012: Rates Cut by 0.25% to 3.50%As expected, the Reserve Bank of Australia (RBA) has cut official interest rates by 25 basis points to 3.50 per cent at its board meeting on June 5, 2012. It was the second interest rate cut in a row after a cut of 50 basis points last month. The RBA cited an uncertain global economy, modest domestic growth and a favorable inflation outlook as the reasoning behind the cuts: |
Flood Levy in Australia for 2011-12After devastating floods in Queensland in 2011 Australian Government has introduced a flood levy (also known as the Temporary Flood and Cyclone Reconstruction Levy) to help fund the rebuilding of essential infrastructure damaged by natural disasters such as roads, bridges, and schools. The flood levy applies to taxable income for the 2011-12 financial year only and is paid by most taxpayers. |
ANZ Bank Rate Changes - May 2012From January 2012, ANZ bank review its variable home loan and small business interest rates on the second Friday of each month, with any changes to take effect on the following Friday. Here is ANZ bank May rates decision. ANZ May rates review - rates reduced by 0.37%Following ANZ bank May review, ANZ decided to reduce their variable home loan and small business interest rates by 0.37% p.a. It's 0.13 points less than RBA rate cut on May 1. |
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