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 […]

Continue Reading

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 […]

Continue Reading

Key Risk Checklist: Cyber Security

19 October, 2016

It is essential that firms take steps to prevent cyber-crime as practitioners are increasingly at risk of cyber-attacks. This is a list of the things firms need to do to at least lock the door on cyber-crime. ☐  Ensure staff have regular training on cyber security and fraud prevention including: risks associated with clicking on […]

Continue Reading

Key Risk Checklist: Advice on equity release products

19 October, 2016

LPLC Checklist: Advice on equity release products 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 photocopied for ongoing use. Client: Matter: Taking instructions Explore with the client: ☐  Did the client obtain financial advice before seeing you? If not, […]

Continue Reading

Key Risk Checklist: Amadio Checklist

19 October, 2016

LPLC Amadio Checklist 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. Client: Matter: ☐  Allocate only one person in the office to give practitioner’s certificates. ☐  Confine the provision of a practitioner’s certificate […]

Continue Reading

Key Risk Checklist: Purchase of land – questions for the purchaser

16 August, 2016

Responses required without delay Circle yes or no as applicable. Provide the additional information as indicated. If you do not know the answer or are unable to provide the additional information please insert the words ‘not known’. Please sign where indicated at the foot of the final page and forward this completed list and all […]

Continue Reading

Key Risk Checklist: Face to face verification of identity

8 August, 2016

Doing VOI well protects you and your good clients and deters bad clients Additional VOI downloads VOI flowchart VOI flowchart – capacity, authority and notes VOI client information VOI client information for practitioners VOI trouble-shooting Steps for practitioners To undertake a VOI of a client you need to be familiar with the following documents as […]

Continue Reading

Delegation/supervision instruction sheet

7 June, 2016

Download Word Version Delegation/supervision instruction sheet Delegator:  [insert name] Who: [insert name of staff receiving work] When work due: /         /20   Scheduled dates to meet and review: /         /20 /         /20 What needs to be done: Format: [letter format, oral report, written report, email, in conference etc] Why: [for example, to help the client […]

Continue Reading

Tips for effective supervision

7 June, 2016

Tips for effective supervision 1. Treat supervision as the real and important work it is There are innumerable business and personal benefits of correctly supervising employees so give supervision the time and priority it deserves. This may mean doing less direct legal work yourself. 2. Document office systems and processes Having policies, processes and procedures […]

Continue Reading

Key Risk Checklist: Witnessing an Enduring Power of Attorney

23 September, 2015

Date: Time commenced: Time finished: In attendance Principal: Solicitor: Other witness: Photo identification of principal. – Specify form of identification produced eg driver’ s licence, passport Principal over 18 years of age. Principal has read pages 3-18 of the of the booklet entitled Take Control – a kit for making powers of attorney and guardianship published by the […]

Continue Reading