The Victorian Legal Services Board has released a news update relating to the recent changes affecting how executors claim commission.
RPA News Bulletin #376 issued November 2017 may be accessed here.
VIC – Vacant residential land tax
Vacant residential land tax applies from 1 January 2018 to homes in inner and middle Melbourne that are vacant for more than six months in the preceding calendar year. See the Vacant residential land tax commentary in our sale and purchase guides.
VIC – New conveyancing articles
Two new articles about conveyancing in Victoria have been published.
E-Conveyancing – Getting Connected
This is a timely and practical paper about adopting and utilising electronic conveyancing. It includes information about how to improve the process and where you can find further information and support.
Release of deposit – 2017
There has only been one reported decision on deposit release (McEwan v. Theologedis [2004] VSC 244) and that case did not consider the “condition enuring” argument. Aurumstone P/L v Yarra Bank Developments P/L [2017] VSC 503 has now considered that argument.
VIC – Administration and Probate and Other Acts Amendment (Succession and Related Matters) Act 2017 – commenced
VIC Wills, Powers of Attorney, Probate and Letters of Administration publications have been updated to take into the Administration and Probate and Other Acts Amendment (Succession and Related Matters) Act 2017 commenced on 1 November. Changes are made to ademption, executor commission and distribution on intestacy. Our commentaries contain details of the changes the amending Act introduces.
VIC – Administration and Probate and Other Acts Amendment (Succession and Related Matters) Act 2017 – commenced
ALERT: The Administration and Probate and Other Acts Amendment (Succession and Related Matters) Act 2017 commenced on 1 November. Changes are made to ademption, executor commission and distribution on intestacy.
VIC, Power of Attorney
From 1 November 2017 provisions of the Administration and Probate and Other Acts Amendment (Succession and Related Matters) Act 2017 commence including changes to ademption.
VIC, Estates
1. From 1 October 2017 paper forms for the commencement or completion of administration are no longer accepted – replaced by online smart land tax form LTX-Trust-18.
2. From 1 November 2017 provisions of the Administration and Probate and Other Acts Amendment (Succession and Related Matters) Act 2017 commence including amendments to intestacy, partners and 30-day survival rule, and repeal of hotchpot. See below for further information.
Injury publications – medical glossary
A medical glossary has been added to the injury publications to assist practitioners with ready access to better understanding medical and trauma terms.
VIC – Wills – changes to ademption coming in 1 November 2017
From 1 November 2017 provisions of the Administration and Probate and Other Acts Amendment (Succession and Related Matters) Act 2017 commence including changes to ademption. See Wills legal Guide and precedents for further information.
VIC – Estates – legislative amendments coming in 1 November 2017
From 1 November 2017 provisions of the Administration and Probate and Other Acts Amendment (Succession and Related Matters) Act 2017 commence including amendments to intestacy, partners, 30 day survival rule, and repeal of hotchpot. See the Estates Legal Guide and Precedents commentary for further information.
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