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

Trade Secrets

GST at Settlement Update

9/6/2018
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GST UpdateReview of the GST at settlement measureNow that the GST measure has been operating for 6 weeks the ATO have put together a Process Review Document HEREATO invite interested parties to be part of a Webinar: GST at settlement – Process guidance and common questions – Thursday 6 September  2-3pmThis webinar will focus on the GST at settlement process for purchasers and suppliers. We will also cover some of the issues we have identified with forms received so far and...

Paper has been superseded with higher security for ELN(e-Settlement)

8/6/2018
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Imagine you are in the biggest city you know, on the busiest street, outside the biggest bank which you notice is surrounded with cameras and not just armed, but heavily armed security guards and some restrained but excited & vicious looking dogs.The Bank doors open, a few moments later, from the secure confines of the building, out walks a petite and cheerful person pushing in front of them a wheelbarrow full of money, out on to the street. You immediately...

GST and Residential contract

8/6/2018
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Just a reminder that GST is now a query of every Residential contract dated on & post 1/7/18. Not just the obvious ‘new land or new builds’, since ‘New Residential Premises’ under the Taxation administration act, may still be quite aged properties!“The term ‘new residential premises’ is defined in s 40-75 of the GST Act:Residential premises are new residential premises if they:a. have not previously been sold as residential premises and have not previously been the subject of a long-term lease; orb. have...

Australians must establish new PayID on the New Payments Platform to speed up transactions

2/6/2018
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SPEED up your banking and transfer money using an email, phone number or ABN. Here’s how to get started. BANK customers will need to set up a PayID as a matter of urgency, to stay up to date with new technology set to arrive in Australia.In the coming weeks financial institutions around the country will start pushing out the highly-anticipated New Payments Platform (NPP), which will deliver 24-hour, seven-day-a-week, instant transfers.It means consumers will no longer need to share their...

Sympli-New e-Settlement Platform on the horizon

31/5/2018
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Sympli – New e-Settlement Platform on the horizonInfoTrack and the ASX Limited have announced the establishment of Sympli, an alternative electronic settlement platform. The new platform is expected to roll out later this year once it has received regulatory approval.For further information see:Today’s press releaseSympli website

Cyber thieves are clever. They target lawyers because we direct transfers of money and they want to steal it.

25/5/2018
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DON’T FALL FOR IT!Be suspicious of email instructions.Cyber fraudsters will get in any way they can. Make sure it’s not through you.Five steps to protect yourself.Identify – Don’t accept email requests on face value. The email asking you to re-direct money might look genuine, but it could have been sent by a hacker.Verify – Call the sender personally to check authenticity. Use a number you know, not one suggested in the email. Ask for the account number, write it down, then compare...

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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