RSM Australia

Property & construction

The property and construction industry in Australia is a significant driver of the nation’s economy and in many respects is a thermometer of the financial health of the country. The sector plays a vital part in shaping the country and rest of the world.

It is one of this country’s most important sectors, particularly in the way it exerts major influence over other industries including manufacturing, wholesale and retail trade and finance industries in supplying components, fittings and furnishings as well as parts of the architectural and engineering professions for their design and erection methods.

Our team of advisors to the property and construction industry are recognised for their extensive experience in the sector. Our experience within the industry includes residential, commercial and industrial construction, property development, property investment and commercial and retail property management.

We have relationships with industry bodies which allows us to stay in tune with the issues affecting the constantly evolving environment that our clients operate in.

New 12.5 percent withholding tax on property transactions

7 June 2017
To ensure Australia captures as much tax as possible from property transactions a new withholding tax has been introduced and will apply to contracts entered into on or after 1 July 2017. Under the new provisions where a foreign resident disposes of:

Non-resident? Understand the new NSW property taxes that could affect you

21 November 2016
If you are a ‘foreign person’, you may now find yourself subject to two additional surcharges recently introduced in NSW regarding residential land and real estate purchased and owned. The two new surcharges include:

Industry snapshot - Property Development

15 November 2016
A snapshot of the key statistics and current industry performance in the residental housing property development sector.

Concern over complacency on new revenue standard

23 September 2016
With virtually every industry set to be affected, companies should be doing more to prepare for new rules on how revenue is recognised, according to accounting firm RSM Australia (RSM).

Budget 2016 - Property & Construction

4 May 2016
Key announcements No changes to negative gearing as expected.  National Infrastructure Plan – the Government reaffirmed its commitment to invest $50 billion in infrastructure in relation to various projects across the States and Territories.

Tips to improve your cash flow

17 February 2016
The start of the new year provides small businesses with the perfect opportunity to improve their credit management and cash flow conversion cycle. Here are some tips for improving your credit management and cash flow in 2016:

Secured creditor’s right of subrogation confirmed

3 December 2015
A recent decision in the Federal Court has confirmed that when a secured creditor has paid outstanding employee entitlements from the realisation of circulating assets, they have the right to subrogate into the position of employees and receive any dividends paid.

PPS - how can landlords best protect themselves from an insolvent tenant

8 October 2015
Landlords and tenants may be tempted to dismiss the relevance of the Personal Property Securities Act(PPSA). After all, the answer is in the title of the legislation. It relates to personal property, not real property.

Employee or independent contractor?

15 September 2015
Over the past couple of decades there has been a clear shift away from 'traditional employment' and towards people acting as independent contractors. This is particularly so in the building industry.

Cool weather but hot topics

5 August 2015
Manjimup district members of Master Builder' South West Branch recently attended the first in a planned series of updates on industry topics. Builders, suppliers, professionals and sub contractors from Manjimup and surrounds met at the town's Gateway Motel for presentations from RSM and RUIC Fire.

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