Notes on Upgrading to Feastudy 2

Please note: If your subscription to our Feastudy Maintenance and Support Services for Feastudy for Mac has expired, you will not be able to upgrade from Feastudy 1.13 (or lower) to Feastudy 2.0 and use the latter application in licensed mode. Please contact us if you wish to discuss this.

We strongly suggest that you only use the following instructions for installing Feastudy 2.0 as an Upgrade if your subscription to our Program Maintenance and Support Service for Feastudy for Mac is current:

If Feastudy 1.13 (or lower) is currently installed on your Mac, then undertake the following steps:

  1. Click on the above Download Feastudy 2.0 for Mac button and download the file, FeastudyMacInstall.pkg, to your Downloads folder.
  2. When the installer is downloaded, ensure that the currently installed version of Feastudy is not running and then double-click on the installer in your Downloads folder. Then follow the installer's simple steps to install the upgraded application.
    (If a version of the application prior to Feastudy 2.0 is installed on your Mac before updating, you do not need to trash/bin that older version because Feastudy 2.0 will be simply installed over your current installation of the application.)

v2.0 - released 6/11/2018

There are three significant enhancements in Feastudy 2.0 and they are described as follows:

  1. The application is compatible with Apple Corporation's operating system, macOS 10.14 (Mojave).
  2. In accord with the Australian “GST at Settlement” laws enacted in 2018, Feastudy 2.0 assumes that, at the settlement of each purchase of a “new Residential property” from a GST-registered developer, the purchaser must remit to the Australian Taxation Office (ATO) either: seven (7%) of the purchase price of that property if the Margin Scheme (MS) applies to the transaction; or all of the GST that applies to the purchase price of that property if the Full Taxation (FT) method of GST applies to the transaction.
    For the purposes of Feastudy 2.0: “new Residential property” is one or more new residential allotments; or one or more new residences; and “GST at Settlement” is only paid for a Sell-On Income item when a check is entered in the check box for the question, “Is this item for new Residential property?”, for that Sell-On Income item.
    In the case of MS-taxed Sell-On Income items for “new Residential property,” if 7% of the value of such items is too high or too low for the purposes of the overall amount of GST that needs to be remitted to the ATO for the MS-taxed Sell-On Income, the application makes appropriate credit or debit adjustments at the relevant Business Activity Statement intervals. (The 2018 Australian “GST at Settlement” laws do not actually require a change in the overall [net] amount of GST that should be paid for a development’s GST-taxed development sales but they do require a change in the timing of the payment of GST cashflows that are relevant to “new Residential property.”)
    For a Development file, Feastudy 2.0 assumes that, when “the MS is to be applied” and "no Sell-On Income is MS taxed” are entered in the GST Settings window, all Sell-On Income items for the file are for “new Residential property.”
  3. A new data base of suggested 2018-2019 scales for Stamp Duty on Transfer and Mortgage, Council Rates, Water & Sewer Rates and Land Tax for each Australian capital city, based on data obtained by Devfeas Pty Ltd for these charges from the relevant authorities in September 2018, is included in Feastudy 2.0.