Real estate bulletin issue 86 - E-conveyancing is coming to Western Australia

1 May 2015

Electronic conveyancing (e-conveyancing) will enable the electronic settlement of real property transactions; the preparation and electronic lodgement of land registry documents; electronic payment of transfer duty and the automatic exchange of funds at the date and time of settlement.

The first national e-conveyancing system has been established by Property Exchange Australia Ltd (PEXA). Currently PEXA is the only provider, but other operators may introduce their own systems at a later date.

Settlement industry bulletin Issue 48 - E-conveyancing is coming to Western Australia (April 2015)

E-conveyancing is coming to Western Australia

E-conveyancing - background

The Council of Australian Governments agreed to deliver a National Electronic Conveyancing System (NECS) to the Australian property industry. Electronic conveyancing (e-conveyancing) will enable the electronic settlement of real property transactions; the preparation and electronic lodgement of land registry documents; electronic payment of transfer duty and the exchange of funds automatically at the date and time of settlement.

Real estate bulletin issue 85 - Ban and fine for real estate agent over trust account misuse (Tracey Leanne Wilson)

22 April 2015

A Victoria Park real estate agent has been fined $3,500 and disqualified from holding a licence and triennial certificate for 18 months by the State Administrative Tribunal (on 11 March 2015) after making illegal withdrawals from the agency’s trust account.

Transition table - Interim Code to Retirement Villages Code or Retirement Villages Regulations

The transition table outlines changes between the Interim Code of Fair Practice for Retirement Villages in the Fair Trading (Retirement Villages Interim Code) Regulations (No. 2) 2014 which expires 31 March, 2015, and the Code of Fair Practice for Retirement Villages which commences on 1 April, 2015.

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