10.08.2017: Submission to Treasury re Depreciation and Travel Expenses

Draft Treasury Laws Amendment Bill 2017: Official submission from the Property Investment Professionals of Australia (PIPA) – 10th August 2017

This submission has been prepared by The Property Investment Professionals of Australia (PIPA) – the peak, not for profit association for property investment professionals. PIPA represents thousands of Australians who work in the property industry.

The purpose of this submission is to provide an official response to the Draft Treasury Laws Amendment (Housing Tax Integrity) Bill 2017.

This Government’s Draft Bill outlines proposed legislation in relation to changes to Depreciation and travel deductions. For the record some industry consultation would have been welcomed prior to the ‘surprise’ budget announcement. We can’t change the past, but given this submission PIPA does have an opportunity to present our subject matter expertise to help find a suitable and workable compromise. (more…)

30.09.2015: Submission to Senate Economics Reference Committee

Senate Economics Reference Committee: Inquiry into the Scrutiny of Financial Advice

Post Appearance Reply Undertaking

Public Hearing: Wednesday 30th September 2015

Ben Kingsley – Chair of Property Investment Professionals of Australia (PIPA)

Outline of PIPA’s recommendation for the introduction of Regulation of Direct Real Property Investment Advice.

Definition of Direct Property:

Direct Property Investment: is the attempt to generate an investment return from either direct residentially zoned, commercially zoned or direct ‘other’, land, dwelling or combination of each.

The assessment would be based on a Dominant Purpose Test: Whereby the dominant reason to purchase is to attempt to generate investment income via rental income or capital improvements of the Direct Property.