Conveyancing updates

JANUARY 2017

• ALERT – Requisition Fees – From 1 January 2017, LPI will charge fees for requisitions sent in relation to documents, plans and associated instruments lodged for registration. The fee for a requisition in relation to a dealing, application, request or caveat will be $50. The fee for a requisition in relation to a plan or associated instrument will be $100.

DECEMBER 2016

• Contract for sale of land – By Lawyers 2016 – Part 1 of 2 – Included Co-Agent on the front page

NOVEMBER 2016

• Update information regarding strata schemes for commencement of the Strata Schemes Management Act 2015 the Strata Schemes Development Act 2015 and their accompanying regulations on 30 November 2016. Expand commentary on priority notices which can be lodged via PEXA from 28 November 2016.
• Include reference to OSR Purchaser Declaration on required precedents

OCTOBER  2016

• Retainer instructions – Sale and Purchase of real property – added s. 47 requirements
• Costs Agreements
  • Included reference to time limit for bringing costs assessment included total estimate of legal costs section with provision for variables and included authority to receive money into trust.
  • Disputes section improved, fields for client and firm details added, trust account details added, solicitor’s lien added, execution clauses for individuals and corporations added and general formatting and grammatical improvements.
• Purchase of Real Property – clause added on payment of fees when purchaser not proceeding

SEPTEMBER 2016

• Purchase of Real Property
  • added case law concerning off the plan contracts for sale
  • reviewed Detailed Cover Sheet to include Mortgagee
• Sale of Real Property
  • content added in discussion of case law concerning off the plan contracts for sale

AUGUST

• Sale of Real Property
  • Retainer Instructions – clarify home building warranty for owner builders
  • commentary has been expended to include discussion of circumstances where co-ownership of property can be brought to an end via partitioning
• Purchase of Real Property
  • commentary on caveat after exchange moved and new commentary on priority notices added
  • further content added on Foreign Resident Capital Gains Withholding Payments
  • Retainer instructions – include reference to purchaser declaration and surcharge duty. Update home warranty information.

MAY

• By Lawyers Contract for Sale of Land has been updated to 2016 Edition.
• Included foreign resident capital gains withholding payments when over $2 million to all necessary precedents, commentaries and contracts.
• Added to Commentary – Verification of identity including new RPA Conveyancing Rules.

APRIL

• New ‘to do list’ item – Foreign resident CGT withholding payments check.
• File Cover Sheets for all publications have been completely re-formatted for a better look.

MARCH

• Alert for swimming pool certificates required from 29 April 2016 added
• New section included in the commentary on powers of attorney for land transactions to accompany power of attorney precedents.

FEBRUARY

• Making life a little easier for practitioners – look out for Blank Deed, Agreement and Execution Clauses folder in the matter plan at the end of each Getting the Matter Underway.

JANUARY

• Added commentary in Purchase on declarations of trust and a potential double stamp duty pitfall.