TTF-Clayton Utz-Insights

04 November 2008

Welcome to Clayton Utz' newsletter for Tourism & Transport Forum members.

In this edition, TTF Managing Director Christopher Brown will look at the credit crunch - how will it affect the tourism industry?

We'll also look at the what and why of warranties, the latest on the margin scheme, and how changes to NSW's contaminated land laws could affect you.

Tourism Forecast: Turbulence Ahead

By Christopher Brown.

The global financial crisis is clearly the major issue facing business, and the tourism industry is no different. In fact, in many ways its reliance on discretionary spending makes it the economic equivalent of the canary in the coal mine. So what does that mean for tourism investment and development in Australia asks Christopher Brown, TTF Managing Director.

Warranties - What? Why? And for how long?

By Nikki Robinson, Alexandra Grey and Brendan Dobbie.

Nikki Robinson, Alexandra Grey and Brendan Dobbie from Clayton Utz explore the scope of protection given by warranties in the sale of a hypothetical hotel, and discuss how warranties work for the benefit of vendor and purchaser.

Radical changes to NSW contaminated land laws

By Nick Thomas.

The NSW Government is proposing significant changes to contaminated land laws says Nick Thomas, broadening the net of persons who may be required to take responsibility for reporting, investigating or cleaning up contamination.

So, what happened to the margin scheme?

By Andrew Sommer.

The margin scheme must be preserved as a vital part of the GST Act, but while the courts have been restoring access to the margin scheme, Parliament is seeking to limit it. As Andrew Sommer explains, these proposed changes might actually bolster the importance of the margin scheme.

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