What should I do: Use an Extension or do a Subsequent Agency?
The following issues apply only to Residential Sales Agencies
Essentially better practice is to use a Subsequent Agency and not use the complex Extension rules under the Act.
Foreign Land Ownership Changes
From 1 July 2016 all Contracts of Sale of land and other businesses in Australia for more than $2m are subject to new rules about foreign investor CGT (capital gains tax) Withholding Regime.