Published by Australian Institute of Conveyancers (National Council)
   
    AIC DIVISION UPDATES

    PARTNER - INDUSTRY NEWS
 

An exciting 2-day event at the Westin Hotel, Sydney for many of our Conveyancers to hear and meet some of the best speakers and exhibitors in Australia!

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The Tasmanian Government handed down its budget late last month.  As part of the budget, the $20,000.00 grant for first home builders or purchasers of new dwellings was extended for another 12 months.  

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AICSA is busy preparing for our state conference on 20 July 2019. This is shaping up to be our largest yet with numbers already reaching those of last year. The SA residential market remains soft but prices have continued to increase and I trust that once business and consumers have adjusted to the election outcome we will see a lift in confidence and market numbers.
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Post Traumatic Settlement Disorder- The uncontrollable sense of dread you feel when you think you might have screwed up the settlement. Hands up if you have checked and then double checked those account numbers when inputting them into PEXA...  

Rebranding Things are changing at the aicwa. Taking a recognised logo and giving it a considerable makeover is a massive challenge...

ARTICLE 1 - Post Traumatic Settlement Disorder
ARTICLE 2 - Rebranding

Since our last update in April the market has continued to bob along with a little more interest shown however the values have not improved at all. There has been an increase in interest and sales in varying styles of Commercial / Industrial property..

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As we approach the 1 July 2019, NSW Office of Registrar General electronic conveyancing mandate, the next issue to be progressed is the feasibility of “interoperability” within the national electronic conveyancing system. Interoperability is the ability for two separate and competing platforms to seamlessly interact with each other to provide an undisrupted service.
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The Conveyancing industry throughout Australia has faced challenging times due to so many changes in Conveyancing processes, including collection and compilation of data to Government Departments and payment of stamp duty and taxes to ATO, including ATO requirements of Foreign Resident Capital Gains Withholding and GST Withholding which are imposing more work for conveyancing practitioners.

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The ATO is often asked if property sales should include goods and services tax (GST) at settlement. They understand some purchasers and their representatives are worried about penalties that may apply for failing t o withhold and pay an amount to the ATO on the purchase of: ...

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The introduction of e-Conveyancing has afforded industry greater flexibility in their work life; from signing in Slovakia to adopting flexible work hours. Whether you’re working from home or overseas, we recommend the following when using PEXA outside the office. 

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New electronic conveyancing technology streamlines process for multi-lot developments 
Conveyancing technology experts GlobalX have unveiled their latest free software innovation, Matter Centre Projects, assisting conveyancers and property developers efficiently manage the sale process of multi-lot developments and large-scale infrastructure projects.

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As Australia’s newest and most innovative ELNO, Sympli has taken a fresh look at e-settlements based on industry feedback – resulting in a platform built by users, for users. Operating in a soft-launch phase in Queensland and Victoria since December 2018 and progressively rolling out in NSW, WA, and SA, Sympli is now excited to be inviting practitioners to join their Early Onboarding Program.

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The ATO is often asked if property sales should include goods and services tax (GST) at settlement. They understand some purchasers and their representatives are worried about penalties that may apply for failing t o withhold and pay an amount to the ATO on the purchase of: ...

READ MORE
   
 
  

Australian Institute of Conveyancers
CONTACT :

President:  Shane Jacobs
Ph:  0418 850 012
Email: shane@aicnational.com.au
www.aicnational.com.au
 
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