1300 267 739 (CORPEX)
Corporate Express, we are an indispensable resource to
accountants, solicitors and business.

Newsletter - July 2008

Another financial year has past! Now that the rush has gone sit back, relax and read the latest edition of our newsletter. The team at Corporate Express wishes you all the best for the 2009 financial year.

Answers to commonly asked questions about SMSF's

Changes to the Land Rich Landholder legislation

A landholder is considered to be land rich if it has land holdings in NSW to the value of $2 million or more and its landholdings in all places whether within or outside Australia comprise 60% or more of the unencumbered value of all its property.

An amendment to section 163G of the Duties Act means that a change in the beneficial ownership of land rich landholders will attract ad valorum duty.

Previously only changes in the legal ownership was caught by the legislation.

For example:

A Pty Limited is a land rich landholder.

B and C are shareholders of A Pty Limited, each owing 1 share each.

B declares a trust in relation to the share B holds in A Pty Limited in favour of D.

The result: The declaration of trust is liable to ad valorum duty on 50% of the unencumbered value of all landholdings of A Pty Limited in NSW.

Please note the above example assumes that D has not made any other acquisitions during the last preceding 3 years.

Upon making the relevant acquisition D must complete an Acquisition Statement and submit it to the Chief Commissioner for assessment of duty.


The information provided in this document is for your general information only. It is not intended that anyone adopt this information to their personal circumstances without first seeking professional advice.

To view or download this newsletter in pdf please click here 

Why use Corporate Express?

Our experienced and dedicated team can give your business the edge by providing:

Company incorporations from $730

We provide fast and economical company incorporations, trusts and self-managed superannuation funds.

Choose between our online or full service ordering.
Our fully compliant documents are drafted, reviewed and updated by our expert consultants: HWL Ebsworth Lawyers, Vale Legal Pty Limited.

Corporate secretarial services

Focus on what you do best while we assist you with your company changes and ASIC compliance.

We offer a comprehensive outsourcing service for businesses large and small.


see what our clients say about us

Company Registration | Register A Company | Shelf Companies | Company Formation | Register Company Name | SEO By E-Web

Terms & Conditions   |   Legal Disclaimer   |   Privacy Policy   |   Designed & Built by Tonic
Suite 506, 267 Castlereagh Street, SYDNEY NSW 2000 - Phone 1300 267 739 (1300 CORPEX) - admin@corporateexpress.com.au

© 2012 Corporate Express