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CO2 blowout at Lake Nyos in Western Cameroon.

CO2 blowout at Lake Nyos in Western Cameroon. We Victorians move towards the storage of liquid CO2

McKean & Park News

	NEW LENDING OPPORTUNITIES FOR SELF MANAGED SUPER FUNDS Self Managed Super Funds are now able to borrow funds to acquire investment assets, including real estate. This means that: ▪ Lenders now have the opportunity to consider lending opportunities to equity rich Self-Managed Super Funds; and ▪ Self Managed Super Funds can now gear their assets to create more wealth. Please refer to our Banking & Finance Newsletter (January 2008) for further information.	McKEAN PARK MATTERS JULY 2008 Articles Include ▪ McKean Park - Onward and Upward ▪ Carbon Markets and legal certainty ▪ Cultural Heritage Management Plans. Is it a concern for developers and Lenders? ▪ Injured workers and termination ▪ Ademption of specific gifts in wills ▪ Expert witnesses in family law	BUYING OFF THE PLAN: TIPS FOR INVESTORS In the last decade buying property off-the-plan has become exponentially more popular in many major Australian cities. As the eponym suggests, buying “off-the-plan” means entering into a contract to purchase a property on the basis of design drawings before it has been built. For the investor there are many reasons to consider buying off-the-plan including a lower entry price into the property market, taxation benefits and stamp duty savings as well as capital growth and a fruitful return.
	EMBODIED ENERGY IN A CARBON MARKET Embodied Energy Those who will need to purchase emission permits or emission credits in a carbon market are those who are substantial emitters of carbon and consequently required to acquit their emissions with either emission permits or emission credits. They pass the cost of the purchases on in the price of the goods they sell. The most significant of those who will be required to purchase in the carbon market will be the producers of non-renewable energy derived from coal, oil and gas.	A CARBON MARKET IN AUSTRALIA What is a Carbon Market? In simple terms, a carbon market is merely a bourse where those who have a legal need to, may purchase either emission permits or emission credits. An emission permit gives the holder permission to emit a tonne of CO2-e. An emission credit is to the same effect and is available because someone else has captured and will retain for a fixed period a tonne of CO2-e as a counterbalance or set-off	MESSAGE FROM OUR PARTNERS We are one of the few firms in Victoria that is able to provide expert assistance and advice with regard to Bodies Corporate, including Body Corporate Litigation & Dispute Resolution.