A1 Conveyancing based in Joondalup & Osborne Park Perth Western Australia
Call Us At: 08 9300 9750

Trade Secrets

Launch of Property Reporting Online service

18/10/2017
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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...

Subdivided lot concession-Land Tax Assessment Act 2002

26/9/2017
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Section 43A of the Land Tax Assessment Act 2002provides a concession for the amount of land tax payable on subdivided lots owned at 30 June each year.This concession allows subdividers to pay land tax and metropolitan region improvement tax on the lower undeveloped or englobo value of land holdings, rather than the full subdivided value of lots, for one year after the creation of the lots. The unimproved value of each subdivided lot still held at 30 June immediately preceding the...

Phishing or Hoax email scams?

26/9/2017
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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: Be unaddressed, or addressed generically...

SCAM ALERT – Did that person, really send you that?

19/9/2017
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In what is suspected to be a “man in the middle scam”, funds were unwittingly deposited by a purchaser into an east coast bank account in the lead up to a settlement and then transferred by the scammers to an overseas account resulting in a significant loss of $557,000. Typically, this type of scam will occur when the contents of person’s private emails are accessed and details of future financial transactions are seized upon by scammers. Victims will be contacted...

Overseas witness and ID verification of Landgate Documents

15/9/2017
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THE REGISTRAR OF TITLES’ WITNESSING AND IDENTITY VERIFICATIONREQUIREMENTS FOR TRANSFER OF LAND DOCUMENTS EXECUTED BY THETRANSFEROR(S) OUTSIDE OF AUSTRALIAAn example of documents requiring a qualified witness; Application for Lost TitleApplication by Personal RepresentativeTransfer of LandWhen a client is overseas, the witnessing and verification of identity must be by consular officials, so be aware some travel may be required in order to attend an Australian Embassy or Consulate to have documents witnessed and certified. Some relevant information for Overseas SellersLandgate (The...

Author, Damien McDonnell

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Damien McDonnell betrothed to my first true love & father to 5 fantastic little persons and one food obsessed beagle.

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