Regarding building contracts, banks usually require buyers to pay 10% of the relevant loan as a down payment to ensure that the bank is responsible for the entire construction project. At the same time, whenever the bank completes the payment to each construction node, this amount is counted in the total loan as the basis…
An important committee report stated that the University of Melbourne may build its own new campus in Fisherman Band. Melbourne City’s Strategic Director stated that planning the campus will include consideration of public domain and heritage area retention, architectural form, building capacity and surrounding convenience. This is also a response to the amendment to the…
The Bank of Australia has provided a lifeline to borrowers who have been hit by the pandemic. Mortgage holders currently suspended on repayment can extend the suspension period for up to four months if necessary. In order to avoid some kind of public concern about the imminent financial “cliff”, the banking industry has launched a…
After Treasury Secretary Josh Frydenberg admitted that reblocking most Victorians could cost the economy billions of dollars, the federal government was considering moving ahead with plans to reduce personal income tax. “Tax reduction legislation is divided into three stages. We are considering this issue and the timing of tax reduction, because we want to boost…