Release Notes for Feastudy for PC

Contents

Notes on Updating Feastudy 9

If you have already installed and activated Feastudy 9 in licensed mode, then click on the Download Feastudy 9.4 button below to download the new Feastudy 9.4 installer and then save the file, Feastudy9Setup.exe, to the folder of your choice. When it is downloaded, close all other programs that are open at that point; then left double-click on the file in File Explorer or Windows Explorer or My Computer to begin the program installation process.

(You do not need to uninstall the older version of Feastudy 9 if you choose again the same location for Update 9.4's installation. In such a case, Update 9.4 will be installed over your current program installation.)

Download Feastudy 9.4 for PC

Notes on Upgrading to Feastudy 9

Please note: If your subscription to our Feastudy Maintenance and Support Service for Feastudy for PC has expired, you will not be able to upgrade from Feastudy 8 to Feastudy 9 and use the latter program 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 9 as an Upgrade if your subscription to our Feastudy Maintenance and Support Service for Feastudy for PC is current.

If Feastudy 8 is currently installed on your PC, then undertake the following steps:

Open Feastudy 8 and click on the Help option of the main menu and then the License information option.
Copy the current Activation Key in the Licensing Information window and save it to a safe location (e.g. in a Word document or text file).
Close Feastudy 8 and then uninstall it while your PC is connected to the Internet. (In Windows 10 you can type “Add” or “Remove” into Windows’ “Type here to search” field, which is to the immediate right of Windows’ Start button, and then select the “Add or Remove programs” menu option to uninstall the program.)
Click on the above Download Feastudy 9.4 for PC button to download the new Feastudy 9 installer and then save the installer file, Feastudy9Setup.exe, to the folder of your choice.
When it is downloaded, close all other programs that are open at that point; then left double-click on the Feastudy9Setup.exe file in File Explorer or Windows Explorer or My Computer to begin the program installation process.
When you have installed Feastudy 9, it will initially be in demonstration mode, so you need to put it in licensed mode by copying and pasting your Activation Key, which is mentioned in step (2) above, in the Licensing Information window and click the “Activate” button.

If Feastudy 8 is NOT currently installed on your PC, then undertake the above steps from step (4) onwards.

v9.4 - released 17/10/2019

One significant bug-fix has been made to Feastudy 9 (for PC) in Update 9.4 and it concerns a correction to Feastudy 9’s data base of the default (suggested) 2019-2020 scale for Stamp Duty on Transfer for the capital city, “Sydney”. In Update 9.3, when the following is entered in the Development/Investment Identification window of a feasibility file:

(a) “Sydney” for the “Capital City” field; and
(b) either “Commercial”, “Offices”, “Retail”, “Industrial”, “Special”, “Mixed” or “General” for the “Type of Development” or “Type of Investment” field as the case requires;

the fifth bracket for the “Up to and including” column of the Stamp Duty on Transfer scale for Sydney (as suggested by Devfeas Pty Ltd) is incorrectly given as $10,130,000 when it was intended to be $1,013,000. (The fix for this bug in Update 9.4 is that $1,013,000 is the default/suggested amount for the said fifth bracket.)

v9.3 - released 27/08/2019

Two significant enhancements have been made to Feastudy 9 (for PC) in Update 9.3. The enhancements are:

(a) A new data base of suggested 2019-2020 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 August 2019, is included in Feastudy 9.
(b) The Valuer’s Style Profit & Loss report for Development files has been revised and upgraded as a result of feedback to Devfeas from valuers, who use Feastudy 9. In particular, the Residual Land Value or Land Purchase Price (depending on which case applies) is now displayed/printed as the ‘bottom line’ of the report.

v9.2 - released 21/06/2019

Only one significant bug fix (correction) has been made to Feastudy 9 (for PC) in Update 9.2. The bug concerns calculation errors in the program’s cashflow reports when:

(a) the Development or Investment Reference Date (cashflow start date) for a feasibility file contains “06” for the “MM” part of the “MM/yyyy” date format;
(b) ”Annual” cashflow intervals are selected for the file’s cashflow reports; and
(c) “July” is entered as the “First Month of the Financial Year” for the file.

(The fix for this bug in Update 9.2 ensures that the program’s calculations for “Annual” cashflow reports are correct.)

v9.1 - released 29/10/2018

The only significant change made to Feastudy 9 (for PC) in Update 9.1 concerns one bug (error) fix. For certain development scenarios (data sets in files), selecting either the Construction Period Variations report or the Sell-On Period Variations report for display or print preview causes Feastudy 9.0 to crash, i.e. the program needs to be restarted to function again. (The fix for this bug in Update 9.1 ensures that the program does not crash when the said reports are selected for display or print preview for any scenarios.)

v9.0 - released 1/10/2018

The improvements made to Feastudy 9 (for PC) in the release version of the program include two significant enhancements and they are described as follows:

In accord with the Australian “GST at Settlement” laws enacted in 2018, Feastudy 9 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 9: “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 program 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 9 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.”
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 9.