Information storage with The Information Management Group (TIMG) Setting the standard in information storage With the introduction of e-Conveyancing, Conveyancers must now retain a copy of all supporting evidence for 7 years. The Registrar-General of the Lands Titles Office audits Conveyancing Firms to ensure that evidence is retained. “As our
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New GST Legislation Here comes yet another change in our industry processes (just because we haven’t had enough changes in the last 12 months to get our heads around!) Although this ruling will not come into effect until 1 July 2018, we should be across this new gst legislation early. What’s the current process for GST? The current process is if there is GST applicable
Investors happy with off-the-plan opportunities The recent State Budget updates have left most South Australian investors and home buyers relieved with many incentives to buy off-the-plan apartments. To start, State Government has advised that stamp duty concessions are being extended for another 12 months to 30 June 2018. The concession, however,
From 1 January 2018 foreign purchasers of residential land are required to pay a 7% surcharge in addition to stamp duty being paid at settlement. Who is classed as a foreign purchaser? A foreign person is someone who is NOT an Australian citizen or a holder of a permanent visa. New Zealand citizens who do NOT hold a special category visa are also deemed a foreign
PEXA discuss e-conveyancing benefits Moving forward with e-conveyancing This week Tuckfields got to sit down with Matthew Kelly, a PEXA Direct Specialist from Property Exchange Australia (PEXA). We discussed the benefits of e-Conveyancing, some of the changes it brought about and the benefits of transacting online. We have discussed in the past, the
In late 2017 and early 2018, several Adelaide property buyers had their funds for settlement intercepted by 3rd parties. This has prompted the Conveyancing sector to reflect on this new threat and implement new processes to counteract 3rd parties from intercepting account details. How the scammers/3rd parties hit Adelaide Conveyancers A summary from SA Real…