Categories for AICWA

New Joint Form of General Conditions-2018

2/12/2018
Written by

REIWA are updating their 2011 Standard General Conditions that accompany their Offer and Acceptance Contracts. As of 13/2/18 we are advised the New 2018 Joint Form of General Conditions will be made available from their REIWA office or by license from PrintForce. REIWA are offering courses for the Real Estate industry to update themselves on the changes; Understand how the changes to JFGC will impact the following: Final inspections, the rectification of defects before settlement and the ramifications of unrepaired...

The Moving Man

13/7/2018
Written by

AICWA Member BenefitThe Moving Man and AICWA are teaming up to provide your clients with an outstanding offer.Moving Man are able to offer a 10% discount to your clients on a pre-pack and relocation service* of household goods. *Minimum conditions apply. Refer to the offer HERE. Moving Man is happy to attend to any of your members queries regarding their company and services. Alternatively, members can check our credibility by referring to their 5 star rating on ‘Product Review’ HERE. Source:13th July 2018 AICWA...

More RCD’s in new buildings from 1/1/19

12/6/2018
Written by

AICWA members will be aware that since 2007, all new residential premises must be fitted with at least two RCD’s (as per AS/NZS standard 3000:2007) For all domestic dwellings built before 2007, the vendor must arrange for the RCD’s to be installed before transfer of title or prior to the renting/leasing of the premises. A new version of AS/NZS 300 was released on June 26th. ASNZS 3000:2018 will commence on January 1st 2019. The new standard requires an RCD to...

Purchaser’s obligation to pay an amount for GST on taxable supplies of certain real property

27/4/2018
Written by

LCR 2018/D1Purchaser’s obligation to pay an amount for GST on taxable supplies of certain real property “Schedule 5 of Treasury Laws Amendment (2018 Measures No. 1) Act 2018 (the Act) introduces provisions that require a purchaser of certain types of real property to make a payment to the Commissioner that represents the GST payable by the vendor. As a consequence, the purchaser then does not have a liability to the vendor for that amount.  Subject to certain exclusions a purchaser’s liability...

AICWA remind that ACCC need to monitor-ARNECC MOR/MPR Version 5.1

10/3/2018
Written by

ARNECC MOR/MPR Version 5.1The AICWA is pleased to again had the opportunity as a key industry stakeholder to make a submission on behalf of its members regarding the draft versions of the MPR and MOR. The revised drafts raise some significant concerns in particular Rules 5.6 to 5.6.5 which limits ARNECC’s ability to regulate the behaviours of an ELNO that may have significant advantage from being the only platform or having derived significant market share from having benefited from various...

Number of practising WA Settlement Agents

5/2/2018
Written by

A review of the latest licensing information for WA settlement agents reveals that in the last 12 months there has been a slight decline over most categories.  Given market conditions, natural attrition as well as unprecedented change it’s not surprising the total number of licences held in WA is down from 574 in 2017 to 554 in 2018.  Note: Information is current as of the 1st May 2018Source:2nd May 2018 AICWA e-Newsletter