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

Trade Secrets

GST Remittance – Withholding weighted on Buyer

17/5/2018
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On or after 1 July 2018, certain purchasers of new residential premises or potential residential land will be required to withhold an amount from the price of the supply for payment to us. Note: When we refer to purchasers we are also referring to lessees under long-term leases. The withholding amount is due on or before the day that consideration for the supply (other than a deposit) is first provided. If the contract is an instalment contract that will be...

WA 18-19 budget impact on property market.

11/5/2018
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Thanks to the R.E.I.W.A. in depth analysis… ‘Business as usual’ budget fails to reinvigorate property market. REIWA welcomes the WA Government’s decision not to increase property taxes, but is disappointed in the distinct lack of leadership on display in the 2018-19 State Budget, with no new initiatives included to address housing affordability or reinvigorate the property sector.  REIWA President Hayden Groves said while it was pleasing there were no increases to property taxes, this year’s budget was a mundane budget...

Land Tax: that time of year.

10/5/2018
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Information for settlement agentsSource: 10/5/2018 Department of Finance website HERE“The formal billing schedule for land tax assessments is generally between October and December each year. As such, a ‘Certificate of Land Tax Charges’ issued prior to an assessment will always be an estimate.Consider whether any exemptions may apply to the property being sold. Single ownership rate of land taxA ‘Certificate of Land Tax Charges’ will include both the proportionate land tax and the single ownership figure. If you are a managing...

Changes to Verification Of ID (VOI)

10/5/2018
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Changes to VOIAs reported in Landgate CIB 305, 31 January HERE“Change to Registrar and Commissioner of Titles’ Joint Practice: Verification of Identity and Authority – fraud mitigation” will see ensure the “updated VOI Practice more closely aligns to the requirements for national electronic transactions.”   AICWA partners TIMG, CSolutions, ZipID and GlobalX all recognise the importance of VOI that’s why they all offer unique solutions. Please take the time learn how these providers can solution your VOI needs. Here’s some helpful links:...

Draft ARNECC MOR/MPR

5/5/2018
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AICWA has made its submission to ARNECC in response to Draft Version 5 of the Model Operating Requirements and Model Participation Rules. AICWA’s submission can be viewed in its entirety HEREAICWA is pleased to note that its long held position relating to a lack of consumer pricing protection, as well as support for competition through interoperability have been addressed in the draft version 5 of the MOR, however, we wish to highlight to members our concerns regarding proposed rule “5.6 Separation”....

Millennials are the NOW wave

1/5/2018
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Changing the business mindset from Boomer property consumer to Millennial property consumer, is here, Don’t lose sleep,  this article might be of assistance. By: BekHayes Conveyancers – are you meeting the needs of your Millennial clients? By Bek Hayes, CEO AICSAOne 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...

Author, Damien McDonnell

BLOGGER

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

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