Further streamlining to conveyancing in WA as amendments pass Parliament The passing of the Transfer of Land Amendment Act 2021 (TLAA) in Parliament yesterday (16-06-2022) will further improve and streamline conveyancing in Western Australia, as the state continues to advance electronic conveyancing. Once brought into effect, the amended Transfer of Land Act 1893 will:• Remove duplicate certificates of title from WA’s titling system • Enable the service of notices electronically• Clarify the definition of counterpart documentsThe TLAA provisions will take...
Verification of Identification (aka VOI) is an important and required step for Property transactions in WA, For your convenience we engage multiple options including the preferred IDSecure, where you will receive an SMS inviting you to complete your Virtual VOI on your smartphone. Please action this before it expires ~96 hours (~4days) from SMS initiation. Some tips (especially for overseas individuals) please:1. Within the next 96 hours (4 days), click on your weblink on a mobile device i.e. phone or...
During the uncertainty of COVID lockdown, REIWA has a COVID annexure to cover the most limited initial COVID Events. This may be added as an “Annexure” to contract before it is accepted, but after acceptance, it would need to be signed by all parties of the contract as a “Variation” ie Seller & Buyer of Property Address, Contract Dated DD/MM/YYYY agree to vary the contract by incorporating the labeled COVID Annexure Z; Signed & Dated: Seller X Buyer Y. Feel...
There is growing support in the property/conveyancing industry for wording on a clause for sale contracts to protect new owners and those wishing to become Landlords without beaching the extended rental moratorium on agreements.The AICWA has contacted DMIRS and has subsequently confirmed the following clauses are acceptable:
‘Looks like Settlement may roll’. What is the latest time slot my e-settlement can happen? This can happen if ALL participants have not completed all their tasks and signed off to make ready by the booked start time, it automatically gets post-poned every 30 minutes (½ hour) till about 14.00hrs (WST) during Daylight saving -also on Eastern state public-holidays or 15.00hrs (WST) which is 17.00hrs E(D)ST as that is when most of the staff at the Reserve Bank of Australia...
