Using Your Super to Support Transition to Retirement
Wednesday, 29 May 2019
People who are considering reducing their work hours in the lead-up to retirement, but concerned about not having enough disposable income as a result, can, through a superannuation transition to retirement (TTR) strategy, access part of their super to top up their income. At the same time, a superannuation TTR strategy brings with it the
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Update from the Office of the Registrar General
Friday, 24 May 2019
As we move closer to 100 per cent digital conveyancing in NSW on 1 July 2019, the Registrar General of NSW Jeremy Cox has some timely advice on procedures. In 2016, the NSW Government announced the transition to electronic conveyancing with a timeline for change staged to allow participants to plan and prepare. The timeline
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2018 AICNSW State Conference and Awards Dinner
Wednesday, 01 May 2019
The 2018 AICNSW Annual State Conference was held on Saturday 20 October 2018 at the Sofitel Wentworth Hotel, Sydney. Officially opened by Master of Ceremonies, Mr Jon Downes, the Conference was first addressed by Ms Cheryl Alt, President of AICNSW. After welcoming the attendees, Ms Alt spoke about the challenges that had faced conveyancers during
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Researchers raise alarms about a new cyber threat affecting conveyancing practices
Tuesday, 02 October 2018
Iron Bastion’s cybersecurity expert Gabor Szathmari, recently published novel research on abandoned domains, and how they are a significant cyber risk which threatens businesses and in particular the Australian conveyancing profession. What is an Abandoned Domain Name? A domain name is a name you can register to identify your business on the internet. For Australian
- Published in Information
First home buyers and downsizers set to reap super benefits
Sunday, 26 August 2018
Government changes to super will benefit people at the start of their home-owning journey and those later in life looking to downsize. Two Federal government housing affordability schemes that involve changes to superannuation are set to come into full effect from 1 July 2018. From July 1, eligible first home buyers and those looking to
- Published in Information
Electronic Conveyancing
Monday, 20 August 2018
Conveyancers in New South Wales are increasingly embracing Property Exchange Australia (PEXA) online electronic settlement platform as the state continues to progress towards a digitised industry. With standalone transfers and caveats transitioning online in NSW as part of the 1 July compliance date, three NSW Licenced conveyancers who have already stepped into the digital future
- Published in Information
Is Your Dealing Authorised?
Monday, 13 August 2018
For all electronic dealings, a Client Authorisation is now required to authorise a conveyancer to act as their client’s agent and to sign conveyancing transactions on their client’s behalf. Client Authorisations 2018: A Health-Check The cut-off dates for mandatory electronic lodgements of conveyancing transactions in NSW are fast approaching. Furthermore, Client Authorisations are becoming a
- Published in Information, Law
Case law updates – Do certifiers owe a duty of care to prospective purchasers when issuing an occupation certificate?
Monday, 06 August 2018
In Ku-ring-gai Council v Chan (2017) NSWCA 226, the NSW Court of Appeal considered the issue of whether Ku-ring-gai Council (the Council) owed the subsequent purchasers of a renovated property a duty to take reasonable care in issuing an occupation certificate to avoid their suffering economic loss as a result of the previous owner-builder’s defective
- Published in Information, Law
Case law updates – Subsequent conduct may demonstrate the existence of a new agreement
Monday, 30 July 2018
In the case of Yangdo Pty Ltd v Equiti Group Pty Ltd (2017) NSWSDC 277, Yangdo (the Landlord) argued that Equiti (the Lessee) incorrectly relied on a letter that allegedly documented a new lease agreement. The Court ultimately held that the document was in fact an agreement for a new lease and, in the alternative,
- Published in Information, Law
Case law updates – The sunset clause: Failure to meet notice requirements are fatal
Monday, 23 July 2018
In Klein v McMahon (2017) NSWSC 1531, Klein (the Purchaser) sought an order of specific performance against Mr and Mrs McMahon (the Vendors). The Vendors had attempted to rescind the contract in accordance with the terms of certain provisions within the agreement but without regard to Section 66ZL of the Conveyancing Act (‘the Act’). The
- Published in Information, Law