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

Trade Secrets

Listed, Sold or buying a property market value of $2 mil. or over?-ATO clearance certificate is required!

26/7/2016
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Contracts dated 1 July 16 on wards, will have the new requirements on ALL transactions with market value of $2 million or over.  Unless the Seller provides an Australian Taxation Office (ATO) ‘clearance certificate’ for each registered proprietors name (matched to the title) to the buyer 2 business days prior to settlement (-timing subject to REIWA special condition).Then the Buyer must withhold 10% of the Purchase price (more specifically the ‘First element of the cost base’-Capital Gains Tax defined term)...

Smoke Alarms as part of your alarm system-may not comply with electrical safety laws

1/7/2016
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The Building Commission has received a number of enquiries from home owners andproviders of residential security systems as to whether smoke alarms that are poweredthrough a home security system in dwellings subject to sale, rent or hire are compliant withthe State’s smoke alarm laws. What are the smoke alarm laws? The Building Regulations 2012 (the Regulations) in Western Australia require owners of dwellings to have compliant smoke alarms installed prior to sale, rent or hire. To comply with the Regulations,...

Strata Titles Act Reform – Update June 2016

30/6/2016
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In this series of articles on the Strata Titles Act Reform project, we are bringing you details of the amendments that will impact strata communities across Western Australia. Our previous articles and online videos have already covered other areas of the reforms including: the new forms of strata: community title schemes and leasehold strata improved management clearer and easier ways to resolve disputes terminations of schemes​ staged strata development. This article will focus on the proposed reforms for improving buyer...

Something to consider…

9/6/2016
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This article in New Zealand seems to indicate a growing trend… So might be worth considering for your lease between tenants and part of your contractual purchase conditions… Q+A: What you need to know about methamphetamine contaminationA unit in a Housing New Zealand complex in Panmure is decontaminated after methamphetamine tested positive.Houses contaminated through the cooking or smoking of methamphetamine is a growing issue in New Zealand.Just one session smoking the Class A drug, also known as P or Ice,...

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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