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Conveyancing resources13 October, 2017
Property and conveyancing claims are the most numerous and expensive for 2016/17.
One worrying trend is that the number of large conveyancing claims exceeding $1million have increased by 20 per cent compared to 2015/16.
This is one reason LPLC focused on conveyancing claims at the 2017 Risk Management Intensive in a session titled ‘Conveyancing done better’.
This session contained details about some recent claims as well as a number of exercises which highlighted risk management issues in conveyancing matters.
It may surprise some practitioners that within property and conveyancing, tax issues including CGT, duty, GST and land tax, were the highest number of claims for 2016/17. Inadequate advice to purchasers was the area that received the second highest number of claims followed by defective disclosure, usually in section 32 statements.
To help practitioners LPLC has six conveyancing checklists. The latest is Conveyancing resources, a list of information and services used by good conveyancing practitioners including:
- links to Land Use Victoria and ARNECC as well as providers of conveyancing services
- a list of Law Institute resources including VOI checklist and contact details for ethics, trusts and practice support
- LPLC’s checklists and a practice risk guide.
If you have any suggestions for additional information to include please let us know.