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REIQ Journal : July 2008
Contents 1 REIQ VISION STATEMENT: To be the State’s peak real estate organisation universally recognised for its leadership of the industry and its relevance to real estate practitioners, governments and the community. Chairman: Peter McGrath Directors: Pam Bennett, Deborah Duffy, Patricia Evatt, Ken Jackson, Anne Lindsay, Jonathan O’Brien, Brian Stewart Managing Director: Dan Molloy The REIQ Journal is published by The Real Estate Institute of Queensland Ltd ABN 49 009 661 287 PO Box 1555, Coorparoo DC Qld 4151 21 Turbo Drive Coorparoo Ph: (07) 3249 7347, Fax: (07) 3249 6211 www.reiq.com.au Editor: Lauren Cameron, Phone (07) 3249 7300 Email: firstname.lastname@example.org Deputy Editor: Nicola McDougall, Phone (07) 3249 7302 Email: email@example.com Design: Lynne van den Ende, Phone: (07) 3249 7300 Email: firstname.lastname@example.org Advertising: Ross Preston, Phone (07) 3249 7303 Email: email@example.com Selected photographs: Tracy Jayne Photography FEATURE 14 Affordability takes centre stage INDUSTRY PRACTICE 19 Show me the money 27 Common misunderstandings when paying super LEGAL ISSUES 31 Salesperson disqualified following conviction of an indictable offence 33 A win for the Tax Office 34 Safeguard your commission: Avoid the potential pitfalls INDUSTRY RESEARCH 38 Prices steady as demand slows Articles printed and opinions expressed in the REIQ Journal do not necessarily reflect the views of the REIQ. All statements are believed to be true and accurate, but cannot be guaranteed and no liability will be accepted for any error or omission. Information appearing in the REIQ Journal may not be reproduced without the written permission of the Editor. Advertisements must comply with the relevant provisions of the Trade Practices Act 1974 and other relevant legislation. Responsibility for compliance with legislation rests with the person, company or advertising agency submitting the advertisement. Neither the REIQ nor any of its employees accepts responsibility for advertisements. Advertising in the REIQ Journal does not necessarily reflect the views of the REIQ. © Copyright REIQ 2008. ISSN:1442-9683 PROPERTY MANAGEMENT 42 Rental deductions under ATO microscope COMMERCIAL AND INDUSTRIAL 44 Fuel prices hurt Australian retailers TECHNOLOGY 46 Making a lasting impression REGULAR FEATURES 2 Industry news 2 From the Chairman 23 REIQ calendar 26 New REIQ accredited agencies & 60-day ready reckoner 28 The Journal Q & A with Rachael Dawber 2 3 14 REIQ Journal July 2008