This checklist will help practitioners avoid the most common claims when acting for private lenders. The items in this checklist are the minimum requirements which would usually apply when acting for a lender regardless of whether the loan is one off or for a more experienced private lender.
This article from 2015 covers common pitfalls of private lender clients and recommends steps practitioners can take to mitigate risk.
This webinar looks at common mistakes and lessons for practitioners in anticipation of increases in private lending, difficult financial times ahead and an uncertain property market.
When acting for private lenders you need to pay careful attention to the security on offer. If borrowers default the focus will be squarely on the security and why the lawyer didn’t make sure it was adequate.
The LPLC Annual Report for 2023–2024 was tabled in the Victorian Parliament on 31 October 2024.
The Victorian Government has introduced the State Tax Amendment Bill 2024 which, amongst other taxation changes, will (if passed) broaden the holiday home exemption to allow shareholders of companies, as well as certain beneficiaries of trusts and relatives of those shareholders and beneficiaries, to satisfy the exemption for a property owned by a company or trust.
The State Taxation Acts and Other Acts Amendment Act 2023 received Royal Assent on 12 December 2023. The new law introduces significant property tax changes in Victoria with effect from 1 January 2024.
