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The High Court of Australia (HCA) today delivered its verdict in the much highly publicised case of ICAC v Margaret Cunneen. It was the first time in the almost thirty year history if ICAC that the HCA has had to consider and assess the scope of ICAC's powers (under the ICAC Act).
The HCA concluded (via a 4 to 1 majority) that ICAC had NO power to investigate Ms Cunneen's conduct.
http://www.hcourt.gov.au/assets/publications/judgment-summaries/2015/hca-14-2015-04-15.pdf
The NSW State Budget delivered today by Treasurer Mike Baird confirmed the following:
1. Current Stamp Duty exemptions/concessions for first home buyers will be scrapped as of 1 January 2012;
2. Stamp Duty exemptions for first home buyers from 1 January 2012 will only apply to the purchase of newly built homes or homes built off the plan.
2011-12 Budget Speech - BudgetNSW 2011-12 Budget Paper 1 -Budget Speech
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