You might be exempt from the electrical and smoke alarm safety requirements...
DMIRS Bulletin #78
Smoke alarms in dwellings proposed for demolition
Western Australia’s Building Regulations 2012 require owners of residential dwellings to have compliant smoke alarms installed prior to the sale, transfer of ownership, rent or hire of the dwelling.
Changes to the Regulations that come into effect on 22 January 2018 provide an exemption for owners who are transferring ownership to a person intending to demolish the dwelling.
This means the current owner of a dwelling that is subject to transfer of ownership may choose not to install smoke alarms if the new owner has provided a declaration of intended demolition to the current owner before the transfer of ownership.
Bulletin can be view HERE
What you need to know:
Changing the business mindset from Boomer property consumer to Millennial property consumer, is here, Don't lose sleep, this article might be of assistance.
Conveyancers - are you meeting the needs of your Millennial clients? By Bek Hayes, CEO AICSA
One of the largest generations in history is about to move into its prime spending years. Millennials are poised to reshape the economy; their unique experiences will change the way we buy and sell, forcing companies to examine how they do business for decades to come.
What keeps you up at night? For me, one of my biggest concerns is the impact of the Millennial generation on the Baby Boomer formed Association. Running an Association, meeting Member expectations, keeping it relevant, alive, innovative is no easy task – although I love a good challenge and I definitely have one!
The ‘modern’ Association was set up by Boomers for Boomers – and they are a world away from the digital native Millennials. Taking the Association into the future means significant change and change away from the post-WW2 model we are so familiar and comfortable with. Technology has driven change; the millennial generation is the first to have grown up in an always on fully digital world. Their passion for technology shapes the way they live and shop. They live and work by their smart device – the world has shrunk as social media platforms have expanded.
Like a scene from a piece of famous literature, Landgate will be scoped, to see what the current government can scrape together to prop up their budget.
Media statement here.
Other States media articles include;
Australia & State wide Top PEXA Community Contributor for 2017.
Our licensee Damien (DMc) Took out the Top Contributor Badge for 2017, as an avid community helper he earned the below PEXA Community badges as well...
Landlords lose thousands in tax savings in new bill
It's no surprise therefore, that a bill slipped through unobtrusively on November 15 when the nation was focussed on the result of the same-sex marriage survey. However, many Australians who have bought a rental property this year or are thinking of buying a rental property will be affected by this change.
Another successful middle-man-scam in WA- this time on payment of Contract Deposit to Real Estate office…
Would suggest clients ‘Call to verify (only on the known public listed office number -not the one presented in the email-could be altered) before they transfer funds’…
"Another Settlement Agent Posted 1 hr
Another successful hacking! :-(
My client received an email from the Real Estate Agent to transfer the deposit pursuant to the Contract of Sale. Shortly thereafter he received a follow-up email changing the account name and number and unfortunately acted on the second email.
He transferred the 20k deposit as requested and sent a screenshot immediately thereafter to the REA, who unfortunately didn't notice the inconsistencies with the account number or title.
Several days later the REA followed up the deposit with the Buyer and at that point it became apparent that the Buyer had sadly been duped.
The REA (large organisation) contacted their IT Dept. and they feel certain that the breach didn't occur at their end, but feel that it is likely that it occurred via the clients Hotmail account. I'm certainly no expert so I wouldn't have a clue.
The matter was referred to the WAPOL for investigation and the receiving bank have notified, but sadly the funds had already been transferred out of the account. The bank in question have advised that it was a legitimate account. Whether the client has any recourse is currently being investigated, but that will probably take some time to remedy, if at all possible.
We have contacted the REA and their preferred settlement agent and suggested that they consider modifying their practices as most, if not all, settlement agents have already done. They are taking that under advisement.
If you or your organisation have REA's that you are affiliated with, or receive regular work from, you may wish to suggest to them that they also cease to provide trust account details via email to avoid a repeat of this unfortunate incident. :-("
Also worth looking at the options of obtaining BPAY for clients to make payments. At least till the National Payment Platform is ready!
If you suspect your internet browsing systems could get compromised, Bankvault Safe window product is worth ~$199 per year.
Another electronic funds transfer fraud has occurred whereby a client has been emailed by a person they have believed to be their conveyancer.
Otherwise known as “spoofing” the client has assumed the email to be legitimate and has followed instructions to transfer funds.
AICWA recommend all members undertake the following:
Source: AICWA e-alert 3/11/17
New Commonwealth Government legislation came into effect on 1 July 2017 requiring more information to be provided to the Australian Taxation Office (ATO) when ownership of a property changes. This applies to all buyers and sellers across Australia. The requirements are a COAG initiative to enable the ATO to develop consistent and comparable datasets in the national database, which will reduce tax error and increase tax compliance.
Every state and territory is implementing the data collection in accordance with individual state legislation. In Western Australia this initiative has been led by Landgate, supported by the Office of State Revenue.
Phishing is an attempt to scam or deceive you into disclosing personal and financial information in an email or online. A hoax email may look like it was sent from a reputable organisation, and may ask you to disclose personal information via return email or by clicking a link. These emails often look genuine, copying a company's branding and email layout, and using an address that's very similar to the real company's URL.
Hoax emails may:
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