Make it a rule to include water information certificates

18 July, 2019

There is a good reason why you should always include a water information certificate in a section 32 statement. The certificates will show the water and sewer lines, which are unregistered easements, and need to be disclosed. Section 32C of the Sale of Land Act 1962 (Vic) says that the section 32 statement must contain: […]

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Property damage insurance claims: How long have you got?

3 July, 2019

The New South Wales Court of Appeal held earlier this year that the limitation period for a claim under a property damage insurance policy starts when the property damage occurs, not when the insurer declines indemnity. In the case Globe Church Incorporated v Allianz Australia Insurance Ltd [2019] NSWCA 27 (26 February 2019), the policyholder Globe […]

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Electronic conveyancing obligations – be prepared for a compliance examination and subscriber review

13 June, 2019

  Download PDF Subscribing to electronic conveyancing is not a ‘set and forget’ process but requires regular checking that you are complying with your subscriber obligations, particularly in relation to client authorisation, verification of identity, right to deal, document retention and system security. Regular checking should also mean that you are well prepared for a […]

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Retrospective changes to ‘off the plan’ sunset clauses now law

7 June, 2019

As foreshadowed in our blog of 30 May the Sale of Land Amendment Act 2019 (Vic) is now in operation having received royal assent on 4 June 2019 — meaning the retrospective changes to off-the-plan sunset clauses retrospectively came into operation from 23 August 2018. The new requirements prevent a vendor rescinding residential off the […]

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Retrospective changes to ‘off the plan’ sunset clauses passed in parliament

30 May, 2019

The Sale of Land Amendment Bill 2019 (Vic) was passed in Parliament on 28 May — meaning the retrospective changes to off the plan sunset clauses will come into operation as soon as the bill receives royal assent. The new requirements will prevent a vendor rescinding residential off the plan contracts based on a sunset […]

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