econveyancing INFORMATION SESSION
|
|
- Dana Sanders
- 5 years ago
- Views:
Transcription
1 econveyancing INFORMATION SESSION 12 March 2015
2 econveyancing update ects Impacts of ect CoRD Holder Consent Agenda elodgments and paper CTs 2
3 econveyancing Information Session March 2015 econveyancing UPDATE 3
4 econveyancing terms Operating Requirements ARNECC ECNL Participation Rules Subscribers 4
5 ARNECC Australian Registrars National Electronic Conveyancing Council Established by an Intergovernmental Agreement Consists of Registrar of each jurisdiction or their nominee 5
6 ARNECC s role is to: ARNECC Coordinate the regulation of electronic conveyancing Advise on and oversee the National Law and the implementation of electronic conveyancing Develop Model Operating Requirements and Model Participation Rules Pursue consistent business practices 6
7 ECNL Electronic Conveyancing National Law National Applied Law Scheme - NSW host jurisdiction Electronic Conveyancing (Application of National Law) Act 2012 (NSW) commenced 1 January 2013 Has been adopted or mirrored in 6 other jurisdictions 7
8 Operating Requirements Requirements that apply to an Electronic Lodgment Network Operator (e.g. PEXA) Determined by the RG (based on model determined by ARNECC) Compliance monitored by ARNECC and demonstrated through Independent Certifications and Self Certifications 8
9 Participation Rules Rules that apply to Subscribers Determined by the RG (based on model determined by ARNECC) Compliance monitored by the RG (and PEXA) Includes rules about: Eligibility Criteria Client Authorisation Security and Integrity Verification of Identity Certifications 9
10 Only Subscribers to PEXA can lodge edealings Types of Subscribers: Subscribers Principal Subscribers (banks) represent themselves Representative Subscribers (Solicitors and Licensed Conveyancers) represent other parties Responsible Subscriber role = Lodging Party 10
11 National Electronic Conveyancing Legal Framework Intergovernmental Agreement for a Electronic Conveyancing National Law Electronic Conveyancing National Law Operating Requirements (ARNECC Model Operating Requirements Australian Registrars National Electronic Conveyancing Council (ARNECC) Operating Agreement Participation Rules (ARNECC Model Participation Rules) Participation Agreement 11
12 Progress - NSW Release 1 8 October Mortgages and Discharges - Big 4 banks + others Release 2 14 November Transfers, Caveats & Withdrawals of Caveat - Representative Subscribers - Electronic settlement Over 4000 dealings lodged electronically Approximately 170 Subscribers signed up 12
13 Progress - National PEXA also operating in VIC, QLD and WA VIC Transfers in February 2015 QLD and WA Transfers in May 2015 Other jurisdictions to follow 13
14 Future Conveyancing Reform Both electronic and paper conveyancing will continue in parallel for some time. Accordingly, it is proposed to align paper and electronic conveyancing processes wherever possible 14
15 Purpose The alignment of paper and electronic processes is intended to: Provide one set of requirements for both lodgment channels Facilitate smooth transition between electronic and paper processes Reduce the complexity of dealing with two separate systems and requirements Reduce costs to the conveyancing industry 15
16 Purpose Additionally alignment will: Minimise inconsistencies between NSW and other jurisdictions Maintain or improve security in conveyancing and integrity of the Torrens Register 16
17 Summary of Proposals Client Authorisations Verification of Identity (VOI) requirements Certifications Priority Notices National Mortgage form Phasing out Certificates of Title 17
18 econveyancing Information Session March 2015 ect 18
19 Introduction Paper CT not compatible with elodgment Real Property Act amended late 2013 Option to request ect for restricted parties s33aa and 33AB ect has replaced the term Optional No-CT Alternative safeguards required to prevent fraud when a paper CT is not issued 19
20 ect Eligibility Currently ect is available: to APRA regulated financial institutions, who are subscribers to PEXA or represented by a subscriber to PEXA, and who are the first registered mortgagee. 20
21 ect Eligibility Currently ect is only available following registration of new electronic mortgages No mortgage on title CT must issue 21
22 Right to Deal Important Concepts The Right to Deal is the inherent entitlement that a registered proprietor has to deal with their land e.g. to transfer, mortgage or lease. Control of the Right to Deal (CoRD) A party has CoRD when that party has authority to consent to the registration of a subsequent interest in land. 22
23 Paper Evidence of CoRD Legitimate possession of the paper CT i.e. registered proprietor of unencumbered land or the first registered mortgagee Electronic ect i.e. a CoRD record on the Register 23
24 Providing Consent How does a party with CoRD provide consent to a transaction? paper CT: hand over CT at settlement, or lodge or produce the CT to LPI ect: CoRD Holder Consent lodged electronically via PEXA 24
25 econveyancing Information Session March 2015 IMPACTS OF ect 25
26 Impacts of ect Changes to title searches Previous edition of the CT is cancelled CT not handed over at paper (or electronic) settlement CT not produced to LPI for subsequent transactions CoRD Holder Consent lodged through PEXA in lieu of CT 26
27 Title Search ect (CoRD Record) 27
28 Historical Search ect (CoRD Record) 28
29 Conveyancing Process Paper Contract Preparation Contract Preparation Exchange Exchange Dealings With Certificate of Title (CT) Settlement Preparation Instrument preparation Duty payments Settlement Preparation Instrument preparation Duty payments Lodgment of CoRD Holder Consent LPI CT Inquiry Settlement Lodgment & Registration Document exchange Lodgment Financial settlement Examination Registration With ect (CoRD record) Settlement Document exchange (dealings only, no CT) Financial settlement Lodgment & Registration Lodgment (dealings only, no CT) Examination Registration Post Registration Publication Secure title printing and delivery Post Registration Publication Secure title printing and delivery 29
30 Paper Settlement Preparation With ect Settlement period Details about all the dealings and incoming parties for settlement need to be provided to the CoRD holder 30
31 Paper Settlement Preparation With ect Settlement period CoRD Holder Consent must specify: ALL dealings in the settlement case, not just the mortgage being discharged Parties receiving under each of the dealings 31
32 Paper Settlement Preparation With ect Settlement period Prior to settlement, all parties should perform LPI CT Inquiry Confirm that consent has been provided for ALL dealings in the settlement transaction 32
33 Attending Paper Settlement With ect Outgoing FI does not hold a CT The lodging party will lodge the dealings only LPI will automatically connect the CoRD Holder Consent once lodged 33
34 econveyancing Information Session March 2015 CoRD HOLDER CONSENT 34
35 CoRD Holder Consent For edealings - Consent is with the dealings For paper dealings - Consent is lodged separately (standalone) Different consent types depending on the transaction: 1. Transacting Party Consent 2. Third Party Consent 35
36 Transacting Party Consent CoRD holder is a party to the transaction CoRD is passed over at settlement Examples: Discharging mortgagee for a DTM Discharging mortgagee for a refinance 36
37 Transacting Party Consent Prior to paper settlement - LPI CT Inquiry 37
38 Third Party Consent Similar to the concept of production CoRD holder is not a party to the transaction Provided to enable registration of a subsequent transaction CoRD holder retains CoRD after registration 38
39 Examples: Third Party Consent Deposited plan Strata plan Lease Second mortgage with different mortgagee 39
40 Third Party Consent Confirm consent through LPI CT Inquiry 40
41 CoRD Holder Consent A CoRD Holder Consent must specify details of the incoming transaction New Request for Consent eforms used to initiate lodgment of a CoRD Holder Consent Available on the Registrar General s Directions with instructions 41
42 Request for Consent Process 1. Confirm there is an ect 2. Complete the Request for CoRD Holder Consent eform 3. Vendor or owner s representative submits eform to the CoRD holder 4. Check the CoRD holder consent 5. Contact the CoRD holder if details are incorrect 42
43 Request for Consent Process 1. Confirm there is an ect 43
44 Request for Consent Process 2. Complete the Request for CoRD Holder Consent eform Paper settlement and ect Subsequent dealings and plans Request for Transacting Party Consent Request for Third Party Consent Purchaser or their representative may partially complete and forward to vendor/representative Cl 4.1 Contract for the Sale and Purchase of Land (2014 Edition) Vendor or their representative may complete Request with details provided by purchaser/representative Example 1 Practitioners, surveyors or registered proprietors may complete Request Example 2 44
45 Request for Consent Process 3. Vendor or owner s representative submits eform to the CoRD holder Paper settlement and ect Vendor or representative submits Request to CoRD holder The Request should ideally be submitted with the Discharge Authority Subsequent dealings and plans Owner s representative submits Request to CoRD holder The Request should be submitted prior to lodgment of the subsequent dealing or plan Incomplete and/or incorrect requests may lead to processing and settlement delays 45
46 Request for Consent Process 4. Check the CoRD holder consent Paper settlement and ect Subsequent dealings and plans 46
47 Request for Consent Process Incorrect information in the request must be amended 5. Contact the CoRD holder if details are incorrect E.g. incorrect dealing types or party names Contact the CoRD holder to arrange an administrative amendment with LPI 47
48 Request for Consent Process LPI will only register dealings specified in the consent 5. Contact the CoRD holder if details are incorrect LPI will requisition the lodging party if the dealings and parties cannot be matched 48
49 Can only be: Withdrawing Consent legitimately withdrawn if settlement has not and will not take place withdrawn by the consenting party or their representative Cannot be withdrawn through PEXA Can only be manually withdrawn at LPI 49
50 LPI requires: Withdrawing Consent Written evidence: identity of the consenting party or subscriber land title reference(s) transaction(s) consented to parties involved as specified in the CoRD Holder Consent. Statutory Declaration: Settlement has not and will not take place All parties involved have been notified of the withdrawal 50
51 Key Points A CoRD Holder Consent is an electronic document Can only be lodged through PEXA Cannot be lodged in paper If there is an ect (CoRD Record), a CoRD Holder Consent must be lodged before a paper settlement 51
52 Key Points A CoRD Holder Consent protects the incoming transferee and mortgagee Provides assurance that CoRD will pass at settlement A CoRD Holder Consent must specify details of the incoming transaction New Request for Consent eform helps facilitate the consent provision process 52
53 Key Points Perform CT Inquiry before settlement A CT does not need to be issued for settlement purposes 53
54 Future ect may issue following registration of paper dealings and plans Possible bulk cancellation of CTs ect may be available to non-apra mortgagees CTs may be dispensed with altogether 54
55 Additional Information LPI Fact Sheet - Attending a paper settlement when the Certificate of Title (CT) is in electronic format LPI Circular - 'Optional no Certificate of Title': practice changes for settlement and lodgment of dealings and plans LPI CoRD Video RG s Directions information about CoRD and CoRD Holder Consent requirements Request for CoRD Holder Consent eforms 55
56 econveyancing Information Session March 2015 elodgments AND PAPER CTs 56
57 elodgment & Paper CTs Paper CT not compatible with elodgment However, paper CT does not need to be converted to ect Paper CT not handed over for electronic settlement CoRD holder retains paper CT as part of the evidence for the electronic case 57
58 elodgment & Paper CTs Electronic CoRD Holder Consent lodged with edealings in lieu of paper CT CoRD Holder Consent requires: Edition No. Edition Date CAC 58
59 CAC CTs Certification Authentication Code Randomly generated number Only exists on the printed CT On paper CTs issued after 1 January 2004 Compatible with elodgment because can be remotely verified electronically by LPI 59
60 Non-CAC CTs Paper CTs issued before 1 January 2004 Encumbered non-cac CTs can be used for electronic transactions because they are considered a low security risk As the mortgage must have been registered prior to 1 January 2004 any fraud against the land should have been discovered 60
61 Unencumbered Non-CAC CTs Unencumbered CTs issued prior to 1 January 2004 cannot be used for elodgment These CTs need to be produced to LPI for verification A lodging party may choose to: produce the CT and then lodge the transaction electronically by referencing the production receipt number in the CoRD Holder Consent, OR lodge the entire transaction in paper 61
62 CONCLUSION Sign up to newsletter, inquiries ARNECC 62
63 econveyancing Information Session March 2015 QUESTIONS 63
No. 2017/07 June Electronic Certificate of Title (ect): information for settlement and lodgment of dealings and plans
Circular No. 2017/07 June 2017 Electronic Certificate of Title (ect): information for settlement and lodgment of dealings and plans On 8 October 2013 electronic conveyancing commenced in NSW, allowing
More informationInformation contained
NEC in NSW Consultation Papers A consultation process addressing transaction specifications, business practices and implementation arrangements for National Electronic Conveyancing (NEC) in NSW #6: Conveyancing
More informationElectronic Conveyancing Update
Electronic Conveyancing Update Author: Tim Tierney, Principal of Tierney Law, Law Society of Tasmania Property & Commercial Law Committee member, and Law Council of Australia Electronic Conveyancing Working
More informationWhat can I do in PEXA? Date: 15 December 2015 Version 1.3
What can I do in PEXA? Date: 15 December 2015 Version 1.3 We are delighted to be able to provide our clients, nationally, with the benefits of increased efficiency and simplicity offered through financial
More informationNo. 2017/ 06 June Land and Property Information fee changes from 1 July 2017
Circular No. 2017/ 06 June 2017 Land and Property Information fee changes from 1 July 2017 Land and Property Information (LPI) fees for products and services involving land titles, plans, property information
More informationNSW e-conveyancing pack
NSW e-conveyancing pack A compilation of e-conveyancing resources to help practitioners with the digital transition Contents Click on the links below NSW e-conveyancing overview e-conveyancing by the numbers
More informationWorking with our industry partners to bring PEXA to the market
Working with our industry partners to bring PEXA to the market Key reference terms e-conveyancing The facilitation of electronic settlements NECDL National e-conveyancing Development Limited PEXA Property
More informationIssued: June 2018
NSW LRS customer fees from 1 July 2018 The NSW LRS fees for products and services involving land titles, plans, property information and the Water Access Licence Register will change for the 2018/19 financial
More informationIssued: August 2018
Update www.nswlrs.com.au Issued: August 2018 Fee Correction The NSW LRS fees for products and services involving land titles, plans, property information and the Water Access Licence Register changed for
More informationLand title Identity verification forms
Land title Identity verification forms Use of these forms Notice to AusPost Staff This set of documents has been approved by AusPost for use in the Verification of Identity in accordance with the ARNECC
More informationInformation contained
www.lands.nsw.gov.au Division: Land and Property Information No: 2007/02 Date: February 2007 Applications for replacement certificates of title: new proof of identity requirements From Monday 12 March
More informationPrepared By: Property Exchange Australia Limited (PEXA) Date: May 2016
PEXA For Practitioners SA Participant Workbook Prepared By: Property Exchange Australia Limited (PEXA) Date: May 2016 Training delivered by: This page is intentionally blank Table of Contents Welcome...
More informationInformation contained
FACT SHEET www.lpi.nsw.gov.au ISSN 2201-1978 Electronic Notice of Sale (enos) July 2014 This fact sheet provides advice on creating, updating, viewing and printing the electronic Notice of Sale (enos)
More informationCONVEYANCING INFORMATION PACK
CONVEYANCING INFORMATION PACK 1 Contents About Us 3 Our Services 4 Settlement for Sale or Purchase of Property 4 Land & Community Divisions 5 Land Division - Schedule of Fees and Charges 7 Community Title
More informationPRODUCT DISCLOSURE STATEMENT
PRODUCT DISCLOSURE STATEMENT Property: Property means the address of the property settlement Seller(s): Seller means the person/s or entity selling the property Buyer(s): Buyer means the person/s or entity
More informationRegistrar-General of Land e-dealing Compliance Review
Introduction This information sheet explains the e-dealing compliance review process and evidence that must be retained to support the certifications made when registering any instruments electronically.
More informationLand Titling Law and Practice in NSW
Table of Contents Land Titling Law and Practice in NSW Stilianou Preliminary Preface, Tables, Index 1. Legal Aspects of Land Titling 2. The Registrar-General and the Registrar-General s Directions 3. The
More informationFact Sheet. Application for replacement Certificate of Title
Fact Sheet January 2017 ISSN 2201-1978 www.lpi.nsw.gov.au Application for replacement Certificate of Title This fact sheet provides advice on preparing and lodging an Application for Replacement Certificate
More informationInformation contained
Government Information (Public Access) Act 2009 (GIPA Act) LPI Information Guide 1. Introduction and contents of this guide The Land and Property Information s (LPI) Information Guide tells you in general
More informationContract of Sale of Real Estate
Contract of Sale of Real Estate Vendor: Anthony Paul Smith and Lauren Ashlea Hollioake Property: 117 Canadian Lakes Boulevard, Canadian CONTRACT OF SALE OF REAL ESTATE Part 1 of the standard form of contract
More informationAICSA Certificate in Practical Skills for Conveyancing Clerks and Students 2017
AICSA Certificate in Practical Skills for Conveyancing Clerks and Students 2017 2017 Course Outline AICSA will conduct an intensely practical introductory course of 10 subjects over 12 sessions directed
More informationUPDATE 143 DECEMBER 2016 BAALMAN AND WELLS LAND TITLES OFFICE PRACTICE. Frank Ticehurst. Currently updated by Greg Stilianou
UPDATE 143 DECEMBER 2016 BAALMAN AND WELLS LAND TITLES OFFICE PRACTICE Frank Ticehurst Currently updated by Greg Stilianou Material Code 41906264 Print Post Approved PP255003/00332 Thomson Reuters (Professional)
More informationDEALINGS CHECKLIST for LODGING AGENTS and SOLICITORS
Checklist for lodgment of dealings for registration in LPI Note: This checklist is designed to compliment items in letters of requisition. It should be used by Lodging Agents and Solicitors to ensure that
More informationInfo Sheet. Old System conversion or removal of a caution by an official search. February 2018
Old System conversion or removal of a caution by an official search Info Sheet www.nswlrs.com.au February 2018 An official search of the Old System Deeds Register is one undertaken by qualified NSW Land
More informationContract of Sale of Real Estate
Contract of Sale of Real Estate Vendor: Chloe Melinda Biggin(formerly Pollard) Property: 275 Humffray Street North, Ballarat CONTRACT OF SALE OF REAL ESTATE Part 1 of the standard form of contract prescribed
More information- 1 - Property Address:
1 March 2012 version Property Address: CONTRACT OF SALE OF REAL ESTATE PARTICULARS OF SALE Part 1 of the standard form of contract prescribed by the Estate Agents (Contracts) Regulations 2008 The vendor
More informationThe new contract for sale e-conveyancing & other issues A I C N S W W E B I N A R N O V E M B E R T O N Y C A H I L L
The new contract for sale e-conveyancing & other issues 1 A I C N S W W E B I N A R N O V E M B E R 2 0 1 4 T O N Y C A H I L L Progress towards a new contract 2 Approved by PL Committee July 2014. Law
More informationImpacts of e-conveyancing on the conveyancing industry
Impacts of e-conveyancing on the conveyancing industry May 2018 Proposal title goes here Section title goes here 01 Impacts of e-conveyancing on the conveyancing industry Table of contents Table of contents
More informationBUYING OR SELLING RESIDENTIAL PROPERTY IN NSW
BUYING OR SELLING RESIDENTIAL PROPERTY IN NSW Contents 1. Introduction 3 2. Your conveyancer 3 3. Fees and costs 3 4. Verification of identity (VOI) 4 5. An authority to act on your behalf 4 6. Title to
More informationContract of Sale of Real Estate
Contract of Sale of Real Estate GAIL PASCOE Vendor SANDY HILL APARTMENTS APARTMENT 105, 222 BAY ROAD SANDRINGHAM Property WARNING TO ESTATE AGENTS DO NOT USE THIS CONTRACT FOR SALES OF OFF THE PLAN PROPERTIES
More informationInformation contained
Cadastral Integrity Unit Audit Survey Procedures August 2012 Table of Contents Introduction... 2 2. Objectives... 3 3. Roles, responsibilities and delegations... 4 3.1 Ethical conduct... 4 3.2 Workplace
More informationRemoving Barriers to Electronic Land
Removing Barriers to Electronic Land Contracts 23 February 2018 Submission by the NSW Young Lawyers Property Law Committee Electronic Contracts Review Office of the Registrar General McKell Building 2-24
More informationI am writing to you at the request of the Law Society's Property Law Committee (Committee).
TI-{E Lii;J.~l S(J:(;~I};-~~T'
More informationDOWNLOAD PDF PRACTICAL FORMS FOR THE GUIDANCE OF CONVEYANCERS
Chapter 1 : Land Registry: Completing forms ID1 and ID2 Practical Law Practical forms for the guidance of conveyancers: Notaries public, justices of the peace, commissioners in chancery, and business men;
More informationCONVEYANCING NORTHERN BEACHES
CONVEYANCING NORTHERN BEACHES We look after all Properties in NSW. RJ Thomas Solicitor Knowledge transformed into results We look after all Properties in NSW Your property will probably be the biggest
More informationIMPORTANT INFORMATION FOR PURCHASERS REGARDING THE PURCHASE OF PROPERTY
IMPORTANT INFORMATION FOR PURCHASERS REGARDING THE PURCHASE OF PROPERTY The following information is of great importance to all purchasers of land, houses and units. We ask that you read this document
More informationOnline Bidding Terms & Conditions
National Residential Property Auctions Online Bidding Terms & Conditions Last modified: 28/11/2017 Find your perfect property at an amazing price IMPORTANT: These terms and conditions apply to all Online
More informationANNEXURE A. Referred to in the Contract For Sale of Land by Offer and Acceptance. made between as Buyer
Drover s Retreat Stage 1 R5 Special Residential Lots - Pre-sales 2011 Page 1 of 8 ANNEXURE A Referred to in the Contract For Sale of Land by Offer and Acceptance made between as Buyer and Ardross Estates
More informationLand Registry Values
Land Registry Values Land Registry Land Registry in Numbers Our targets are to complete: Speed of Service Recruitment Requisitions over 6 months In 6 months 300,000 requisitions raised 500,000 individual
More informationDeed of Agreement for Easement [in relation to Connection Contract Contestable ASP/1 Connection]
Deed of Agreement for Easement [in relation to Connection Contract Contestable ASP/1 Connection] Instructions for completion We recommend you obtain legal advice before signing this document. Complete
More information(b) a purpose directly related to such dealing provided that the purpose is not contrary to any Law; or
Land Titles Terms & Conditions Definitions Authorised Purposes means: (a) dealings with interests in land authorised by Law; or (b) a purpose directly related to such dealing provided that the purpose
More informationCONTRACT OF SALE OF REAL ESTATE
DATED 2017 FORTUNE DEVELOPMENTS PTY LTD (ACN 108 940 996) to CONTRACT OF SALE OF REAL ESTATE Property: Lot on PS 814751P, 70 Wollahra Rise, Wyndham Vale 3024 Macpherson Kelley 40-42 Scott Street DANDENONG
More informationStrata Titles Act Reform. Sean Macfarlane, Senior Lawyer, Landgate
Strata Titles Act Reform Sean Macfarlane, Senior Lawyer, Landgate Progress of reforms Public Consultation Drafting Instructions 2015 Cabinet approval to draft Bill announced 2016 PCO drafting Bill We are
More informationCONTRACT OF SALE OF REAL ESTATE 1
CONTRACT OF SALE OF REAL ESTATE * Part 1 of the form of contract published by the Law Institute of Victoria Limited and The Real Estate Institute of Victoria Ltd 1980. Property address:... The vendor agrees
More information2012 No LAND REGISTRATION, ENGLAND AND WALES. The Land Registration Fee Order 2012
STATUTORY INSTRUMENTS 2012 No. 1969 LAND REGISTRATION, ENGLAND AND WALES The Land Registration Fee Order 2012 Made - - - - 24th July 2012 Laid before Parliament 27th July 2012 Coming into force - - 22nd
More informationINDEFEASIBILITY OF TITLE - MORTGAGEE
INDEFEASIBILITY OF TITLE - MORTGAGEE by Paul Agnew State Manager QLD National Compliance & Risk Management Director Dated: 14 February, 2006 Law regarding Indefeasibility of Title for a Mortgagee pre Natural
More informationTitles Registry Fees effective 1 July 2017 Land Title Act 1994 Land Title Regulation 2015
Titles Registry s effective 1 July 2017 Land Title Act 1994 Land Title Regulation 2015 1 Creating an indefeasible title or, on request, a separate indefeasible title (other than a deed of grant) for each
More informationTitles Registry Fees effective 1 July 2016 Land Title Act 1994 Land Title Regulation 2015
Titles Registry s effective 1 July 2016 Land Title Act 1994 Land Title Regulation 2015 1 Creating an indefeasible title or, on request, a separate indefeasible title (other than a deed of grant) for each
More informationGuide to the application: Permanent transfer of entitlements/land
Guide to the application: Permanent transfer of entitlements/land This application is used to apply to Murray Irrigation for a permanent transfer of water entitlements, delivery entitlements or shares,
More informationLand Titles, Sales & Property Based Services NSW
Land Titles, Sales & Property Based Services NSW For further information and assistance please contact ABR Customer Service 1300 366 402 abrdata@abr.com.au www.abr.com.au Table of Contents LAND TITLES
More informationInformation contained
Strata Schemes Legislation Amendment Act 2001 What is the reason for the Act? The Act is designed to remove a number of technical anomalies and restrictions which frustrate and hinder the creation and
More informationReal Property Law Notes
Real Property Law Notes PART I: THE CREATION AND ACQUISITION OF PROPERTY INTERESTS IN LAND... 3 1 An Introduction to Real Property Law... 3 2 An Introduction to the Torrens System of Land Title... 3 2.1
More informationDifficulties in Creating a Notice filing System for Immovable Property
Difficulties in Creating a Notice filing System for Immovable Property Professor Tom Johnson, Osgoode Hall Law School EBRD Secured Lending in Commercial Transactions: Trends and Perspectives 4 5 November
More informationReal Property Regulations (RPR)
Real Property Regulations (RPR) Consolidated Version No. 2 In force on 01.04.2014 CONTENTS 1. INTRODUCTION......3 2. COMMENCEMENT...... 4 3. AMENDING OR DELETING REGISTRAR'S DIRECTIVES......5 4. FEES PAYABLE
More informationLTSA Customer Fee Listing
LTSA Customer Listing Searches ordered or applications filed using the myltsa portal are subject to a service charge (see Administrative s below). If the application includes a form signed using a Juricert
More informationAn Overview of the eplan Journey with a Focus on the Victorian eplan 2025 Roadmap Dr Hamed Olfat
An Overview of the eplan Journey with a Focus on the n eplan 2025 Roadmap Dr Hamed Olfat eplan Coordinator Land Use Chairman of Technical Committee ICSM eplan Working Group Outline eplan Overview ICSM
More informationPrescribed Information and suggested clauses for tenancy agreements and terms of business
Prescribed Information and suggested clauses for tenancy agreements and terms of business For Letting Agents Updated June 2016 Tel: 0300 037 1000 Email: deposits@tenancydepositscheme.com www.tenancydepositscheme.com
More informationFREQUENTLY ASKED QUESTIONS ON LAND REGISTRATION
FREQUENTLY ASKED QUESTIONS ON LAND REGISTRATION 1. What is the importance of a title deed? It being a document of evidence for land ownership thus protects the owner from arbitrary eviction without prompt
More informationDeed of Agreement for Lease [in relation to Connection Contract Contestable ASP/1 Connection]
Deed of Agreement for Lease [in relation to Connection Contract Contestable ASP/1 Connection] Instructions for completion We recommend you obtain legal advice before signing this document. Complete Items
More informationPrescribed Information and Clauses
Who should read this? How To (Pre-Tenancy) Tenants Agents Landlords Prescribed Information and Clauses Contents What has changed? 03 Guidance on issuing Prescribed Information for ASTs 04 Section A Prescribed
More informationChanges of Ownership Manual DISCLAIMER
Who Can Be an Owner? DISCLAIMER The materials in this training manual are for demonstration purposes only. The forms are subject to change at any time without notice. Use of outdated forms may result in
More informationNote: Both the transfer and discharge should be created in complex mode (see note in section 1.2 above).
CHECKLIST Subdivision 1 EVIDENCE TO OBTAIN 1.1 Authority & Instruction form(s) completed by the applicant including valid photo ID (if ). An A&I is in all situations where there are certifications. 1.2
More informationTransfer duty on efiling
Transfer duty on efiling A QUICK GUIDE A CONTENTS 1. Overview...1 2. Transfer duty declarations...1 3. Forms and documents required...2 4. Completing the transfer duty process on the efiling website...3
More informationCHIEF REGISTRAR S CIRCULAR NO. 7 OF 2004
CHIEF REGISTRAR S CIRCULAR NO. 7 OF 2004 MINING TITLES REGISTRATION ACT, 1967 (ACT NO. 16 OF 1967), AS AMENDED BY THE MINING TITLES REGISTRATION AMENDMENT ACT, 2003 (ACT NO. 24 OF 2003) 1. DATE OF COMMENCEMENT
More informationLand Law And Conveyancing Practice Hku Space
We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with land law and conveyancing
More informationGraham Farrant Chief Executive and Chief Land Registrar
Graham Farrant Chief Executive and Chief Land Registrar Created in 1862 Our history 24 million titles Who we are and what we do Percentage of the land mass registered Who we are and what we do Key Facts
More informationREGISTRATION OF TITLES BILL, 2013 ARRANGEMENT OF CLAUSES
REGISTRATION OF TITLES BILL, 2013 ARRANGEMENT OF CLAUSES PART 1 PRELIMINARY 8 1 Short title 8 2 Purposes of this Act [new] 8 3 Relationship to other laws [RTA 2] 9 4 Definitions and interpretation [RTA
More informationVOLUNTARY SALES ASSISTANCE PROGRAM CONSISTING OF TWO OPTIONS:
VOLUNTARY SALES ASSISTANCE PROGRAM CONSISTING OF TWO OPTIONS: STANDARD SALES ASSISTANCE PROGRAM & CONVEYANCE AND RELEASE PROGRAM POLICIES AND PROCEDURES MANUAL Broward County Aviation Department Fort Lauderdale
More informationReal Estate Recording Legislation Includes URPERA
For further information please contact: Real Estate Recording Legislation Includes URPERA Paul Hodnefield Associate General Counsel Phone: (651) 494-1730 Toll Free: (800) 927-9801, Ext 61730 Email: paul.hodnefield@cscglobal.com
More informationVIC CONVEYANCING. October 2014 CONTENTS
VIC CONVEYANCING October 2014 CONTENTS SECTION 1 User Notes MISCELLANEOUS DOCUMENTS Manual Page CV 00 MASTER Master File...1 CV 03 INFO Matter Information Sheet...7 CV 03 ACCT General Account...9 CV 03
More informationStandard for the acquisition of land under the Public Works Act 1981 LINZS15005
Standard for the acquisition of land under the Public Works Act 1981 LINZS15005 Version date: 20 February 2014 Table of contents Terms and definitions... 5 Foreword... 6 Introduction... 6 Purpose... 6
More informationELECTRONIC CONVEYANCING IN ESTATE SITUATIONS. by Bonnie Yagar, Pallett Valo LLP
ELECTRONIC CONVEYANCING IN ESTATE SITUATIONS by Bonnie Yagar, Pallett Valo LLP Although there are some differences in the way conveyancing is done in the electronic format, and still some bugs to be worked
More informationThis guide should be read in conjunction with and subject to Murray Irrigation s Transfer Rules Policy.
Guide to the Application : Subdivision This application is used to apply to Murray Irrigation to subdivide a landholding and associated shares, water entitlements and delivery entitlements. This process
More informationMemorandum of Common Provisions
WARNING TO THE MORTGAGOR! This is a very important document. Before you sign any document that refers to it you should read it carefully and see your lawyer and financial adviser. Memorandum of Common
More informationIMPORTANT NOTICE MAKING AN OFFER TO PURCHASE - STEPS. All properties are located at Marquet Street, Rhodes NSW 2138 STANDARD TERMS
G103 Apartment Strata 2 1 0 N 84 $590 (2) $750-$850 $590K-$616K (3) (5) G106 Apartment Strata 2 1 0 N 59 $550 (2) $750-$850 $445,000+ (3) (5) L2 Townhouse Torrens 3 2+ 4 Garage Y 248 $950 (2) $1100-$1400
More informationStrata Titles Act Reform Consultation Summary
Strata Titles Act Reform Consultation Summary landgate.wa.gov.au Strata Titles Act Reform - Consultation Summary Overview The State Government has set strata reform as a key priority and Landgate has been
More informationCITY OF VERONA. Request for Proposals (RFP) Assessment Services For the Assessment Years
CITY OF VERONA Request for Proposals (RFP) Assessment Services For the Assessment Years 2019-2022 Due Date: December 28, 2018 by 4:30 p.m. Table of Contents DOCUMENT PAGE Background Information... 2 Specific
More informationDepartment of Natural Resources and Mines Land Title Practice Manual (Queensland)
Practice Qld Requirements of Mortgage Pursuant to s 73 of the Land Title Act 1994, a mortgage must be validly executed and include a description of the lot or interest to be mortgaged and the debt or liability
More informationSouth African Council for Town and Regional Planners
TARIFF OF FEES South African Council for Town and Regional Planners PLEASE NOTE : THE TARIFF OF FEES WAS APPROVED BY THE COUNCIL CHAPTER 10 : TARIFF OF FEES 10.1 INTRODUCTION 10.1.1 General This tariff
More informationContract for the sale of land 2005 edition MEANING OF TERM Vendor s agent David Murphy Real Estate Phone:
2005 COPYRIGHT The Law Society of New South Wales and The Real Estate Institute of New South Wales. You can prepare your own version of pages 1 and 2 on a computer or typewriter, and you can reproduce
More informationDEPARTMENT OF LICENSING AND REGULATORY AFFAIRS DIRECTOR'S OFFICE REAL ESTATE BROKERS AND SALESPERSONS - GENERAL RULES
DEPARTMENT OF LICENSING AND REGULATORY AFFAIRS DIRECTOR'S OFFICE REAL ESTATE BROKERS AND SALESPERSONS - GENERAL RULES (By authority conferred on the director of the department of licensing and regulatory
More informationNSW OSR Land Tax and Valuation Certificates
NSW OSR Land Tax and Valuation Certificates Client Reference Guide Version 2.0 August 2016 1800 773 773 confirm@citec.com.au Innovative Information Solutions 2 of 21 Table of Contents 1 Getting Started...
More informationPROPERTY TRANSFER GUIDE. Meeting your Unique needs
PROPERTY TRANSFER GUIDE Meeting your Unique needs INDEX SELLING OR BUYING A PROPERTY...3 CONVEYANCER...3 WHO CHOOSES THE CONVEYANCER...3 TRANSFER REGISTRATION STEPS...4 BOND REGISTRATION STEPS...5 WHAT
More information2011 General Conditions JOINT FORM OF GENERAL CONDITIONS FOR THE SALE OF LAND
2011 General Conditions JOINT FORM OF GENERAL CONDITIONS FOR THE SALE OF LAND CLAUSE PAGE CLAUSE PAGE For defined terms see clause 26 Contents 1 Deposit 4 1.1 Payment... 4 1.2 Deposit Holder - Stakeholder...
More informationJOINT FORM OF GENERAL CONDITIONS FOR THE SALE OF LAND
2011 General Conditions JOINT FORM OF GENERAL CONDITIONS FOR THE SALE OF LAND Table of contents CLAUSE PAGE CLAUSE PAGE For defined terms see clause 26 Contents 6 Possession and Rent 8 1 Deposit 4 6.1
More informationLand Transfer Bill. As reported from the Government Administration Committee. Commentary. Recommendation. Introduction.
Land Transfer Bill Government Bill As reported from the Government Administration Committee Recommendation Commentary The Government Administration Committee has examined the Land Transfer Bill and recommends
More informationInformation contained
New South Wales Strata Schemes (Leasehold Development) Regulation 2012 under the Strata Schemes (Leasehold Development) Act 1986 [The following enacting formula will be included if the Regulation is made:]
More informationWhat is hot in conveyancing Phillip Nolan Risk Manager LPLC
What is hot in conveyancing Phillip Nolan Risk Manager LPLC Introduction Communication let me down. Spandau Ballet Key point Good communication in conveyancing includes: being transparent about costs presenting
More informationGLOSSARY. Auction A public sale of property in which the highest bidder is normally the successful buyer.
GLOSSARY Agent A registered person who is authorised to act for another in the selling, buying, renting or management of a property. The term 'agent' is interchangeable with 'Land agent' and 'real estate
More informationThe learner can: 1.1 Give examples of types of transaction carried out in a conveyancing office.
Unit 10 Title: Conveyancing (Registered residential freehold with vacant possession) Level: 3 Credit Value: 7 Learning outcomes The learner will: 1 Understand the meaning of the term conveyancing Assessment
More informationPRACTICE AREA Step-by-step CHECKLIST
PRACTICE AREA Step-by-step CHECKLIST Sub-sale of Property WITHOUT TITLE Purchaser. 1. File reference: DISCLAIMER This Checklist is only intended to provide a general overview of the matters that should
More informationTorrens talk. Survey and Title Information for Land Professionals IN THIS ISSUE ISSUE 23. December ISSN No
Torrens talk Survey and Title Information for Land Professionals December 2002 Framework in Place for Electronic Lodgement Over the last few months LINZ has put in place the remaining elements of the regulatory
More informationMortgage and Security Provisions. Issued 30 April 2018
Mortgage and Security Provisions Issued 30 April 2018 Section 1: Memorandum of Provisions for Land Mortgages This section contains the provisions that apply if you sign a Land Mortgage to secure your obligations
More informationUnique Estates Australia Pty Ltd ACN (the Company) Circular to Property Owners. 16 February 2018
Unique Estates Australia Pty Ltd ACN 079 859 340 (the Company) Circular to Property Owners 16 February 2018 We advise that Barry Kogan and Matt Fehon of McGrathNicol together with Matt Meynell from Colliers
More informationVENDOR S STATEMENT TO THE PURCHASER OF REAL ESTATE
VENDOR S STATEMENT TO THE PURCHASER OF REAL ESTATE VENDOR: PAKENHAM RACING CLUB INC PROPERTY: LOT ON PROPOSED PLAN OF SUBDIVISION 705124C KNIGHTS COURT, TYNONG 3813 DD:TP:TA:137148Pakenham Racing Club
More informationNational Standards Compliance Tenancy Standard Summary Report Quarter /15
National s Compliance Tenancy 1.1.1 Registered providers shall let their homes in a fair, transparent and efficient way. They shall take into account the housing needs and aspirations of tenants and potential
More informationSchedule A. Citation 1 These regulations may be cited as the Land Registration Administration Regulations. Definitions 2 (1) In these regulations,
Schedule A Regulations Respecting Administration of the Land Registration Act made by the Minister of Service Nova Scotia and Municipal Relations under Section 94 of Chapter 6 of the Acts of 2001, the
More informationAustralian Standard. Inspection of buildings. Part 1: Pre-purchase inspections Residential buildings AS
AS 4349.1 2007 AS 4349.1 2007 Australian Standard Inspection of buildings Part 1: Pre-purchase inspections Residential buildings This Australian Standard was prepared by Committee BD-085, Inspection of
More informationTenancy Deposit Scheme for Landlords Membership Rules
Who should read this? Key Documents Tenants Agents Landlords Tenancy Deposit Scheme for Landlords Membership Rules 6th Edition, revised 20th March 2018 Effective from 2nd April 2018 Contents Definitions
More informationThe Bank of Nova Scotia Collateral Mortgage NOTES TO SOLICITORS
The Bank of Nova Scotia Collateral Mortgage (Land Titles Act and Registry Act) Standard Charge Terms No. 200012 NOTES TO SOLICITORS Notes for Solicitors not using e-reg 1 Discard Electronic Document Agreement
More information