Residential tenancies update: Changes to Magistrates Court and Australia Post processes - Real estate bulletin issue 105 (February 2016)

4 February 2016

The Department of Commerce wishes to notify agents and property managers of some recent changes by the Magistrates Court and Australia Post in relation to their services.

Increase in application filing fee with Magistrates Court

As from 1 January 2016, the application filing fee increased from $26.70 to $53.20 in relation to residential tenancies. This fee applies to both the Application for disposal of bond money (Form 6) and the Application for court order (Form 12).

Three month transition period to comply with fee deregulation changes - Settlement agents bulletin issue 54 (January 2016)

29 January 2016

As outlined in e-bulletin issue 53, the regulation of fees will cease as of 3 February 2016. Settlement agents are able to determine the fee structure to charge their client for services in executing settlement transactions. A new fee disclosure rule will also be included in the Settlement Agents’ Code of Conduct 1982.

Deregulation of fees for settlement agents - Settlement agents bulletin issue 53 (January 2016)

25 January 2016

Following consultation with industry in 2014, the Minister for Commerce has announced the scale of maximum fees for settlement agents will be removed.

From Wednesday 3 February 2016, regulation of fees will cease. Settlement agents will be able to determine what fee to charge their client for their services in executing the transaction.

The model rules

The model rules are a standard set of rules that have been developed for use by associations who do not wish to develop their own rules. These rules meet all the requirements of the Act and provide a suitable governance framework for an incorporated association.

If your association chooses to use the model rules the only details you need to provide are: