Key Risk Checklist – Conveyancing resources

16 August, 2017

    LPLC Resources Comments Checklists: Sale of land – questions for the vendor Purchase of land – questions for the purchaser Property websites and comments Tax issues GST LPLC Face to face verification of identity checklist LPLC has posted numerous blogs about property law issues. You can find our blogs here. You can search […]

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Key Risk Checklist: Sale of land – questions for the vendor

8 August, 2017

Sale of land – questions for the vendor   Instructions ☐  Please circle yes or no as applicable. ☐  Please provide the additional information as indicated e.g. a copy of your title(s). ☐  If you do not know the answer or are unable to provide the additional information please insert the words ‘Not Known’. ☐ […]

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Key Risk Checklist: File transfer to another practitioner within the firm

15 June, 2017

    File transferred to another practitioner within the firm Yes No Comment or detail Has the client requested the change of practitioner? □ □ Has the practitioner receiving the file confirmed they have the knowledge and capacity to do the work? □ □ Has the transferring practitioner completed a detailed memorandum that: details the […]

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Key Risk Checklist: File closing

15 June, 2017

  Work completed Yes No Comment or detail Have we written to the client confirming: all required work has been completed? □ □ any outstanding issues that are the client’s responsibility? □ □ any critical dates and consequences? □ □ future actions (such as exercise of an option) that is the client’s responsibility? □ □ […]

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Key Risk Checklist: File transfer to another firm

15 June, 2017

  File transferred to another firm at request of client Yes No Comment or detail Before we transfer the file have we: spoken with the client about their concerns? □ □ accounted for all work and disbursements? □ □ Have we written to the client confirming: the status of their matter including work completed and […]

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Key Risk Checklist: Client intake

15 June, 2017

  Client   Comment or detail Who is the client? (Individual or entity) Ethical Yes No   Comment or detail Is VOI required (or desirable)? □ □ Is there more than one client? □ □ Has the firm acted for or against this client previously? □ □ Are there any potential conflicts? (particularly if more […]

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Key Risk Checklist: Tax issues

3 February, 2017

This checklist contains the most common taxes and related charges and is not intended to be exhaustive. Ticking a box indicates who is responsible for considering the selected item. Both practitioner and client may be selected. A column has been included for initial comments. It is recommended that a memorandum be sent to the client […]

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Key Risk Checklist: GST

23 November, 2016

GST is not simple but there are some simple steps you can take to help protect you and your clients. References to divisions and sections can be found in A New Tax System (Goods and Services Tax) Act 1999 (Cwlth) Input taxed supplies ☐  Is the supply wholly input taxed? No GST payable where the […]

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Key Risk Checklist: Advice on equity release products

19 October, 2016

While the following checklist is not exhaustive, it is designed to prompt you to consider the many dimensions of these transactions. The checklist may be copied for ongoing use. Advice on equity release products Client: Matter: Taking instructions Explore with the client: ☐  Did the client obtain financial advice before seeing you? If not, recommend the […]

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Key Risk Checklist: Amadio Checklist

19 October, 2016

While the following checklist is not exhaustive, it does draw attention to the key areas that many practitioners overlook in Amadio transactions. The checklist may be photocopied for ongoing use. Amadio Checklist Client: Matter: ☐  Allocate only one person in the office to give practitioner’s certificates. ☐  Confine the provision of a practitioner’s certificate to […]

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