Categories for Education

REIWA Announcement 2022 Contract (O&A) & JFGC

22/6/2022
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Updates to the Joint Form and Offer and AcceptanceThe 2022 General Conditions and the new contract for the sale of land have been released today.The Offer and Acceptance has also been updated with a revised format that will be easier to use.The amended finance condition permits the buyer to apply for finance through a lender or a mortgage broker. The mortgage broker has the ability to provide notification of finance approval, non-approval or rejection.All forms that have referred to the...

WA Duplicate Titles are still going -TLA amended

17/6/2022
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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...

COVID annexure or variation

1/2/2021
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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...

e-Settlement may roll over-What is the latest time slot for e-settlement

17/8/2020
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‘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...

11/8/2020
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Subdivider concession application REMINDER RevenueWA wishes to remind all landowners that applications for the subdivider concession close    31 August 2020. Early lodgment of the application form will ensure we can consider the concession when issuing assessments. Important The subdivider concession is a one-year concession from land tax. For the 2020–21 tax year, the concession applies to qualifying residential lots that were subdivided between 1 July 2019 and 30 June 2020. Owners of these lots can pay land tax (and metropolitan...