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A1 Conveyancing based in Joondalup & Osborne Park Perth Western Australia
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Trade Secrets

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,...

News from First Title: Claims Chronicles – May 2016

20/5/2016
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What happened? Our client purchased an original 1950s style home in SA with the intent of demolishing it and building their dream home. The client exchanged contracts and began to prepare plans for their new home. Shortly after settlement, the client submitted plans to the Council to construct their dream home. The plans were rejected by Council on the basis of a proposed heritage listing, which was applied just prior to settlement. The client was in shock and immediately contacted...

FOREIGN RESIDENT CAPITAL GAINS – WITHHOLDING OBLIGATIONS BRIEF FOR REAL ESTATE &/ SETTLEMENT AGENTS- AFFECTS ALL REAL PROPERTY TRANSACTIONS $2 MILLION OR MORE INCLUDING AGGREGATED DEALS

21/4/2016
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Legislation will take effect as of July 1st 2016 requiring that ALL real property transactions over $2m be assessed to determine what (if any) Capital Gains Tax (CGT) liability exists. ​There are many different scenarios which include multiple buyers or sellers and variations to the amount held.In circumstances where there are multiple buyers (ie. A farmer has sold his farm off in separate lots) but the aggregated market value is over $2 million, the Seller will be required to provide a clearance certificate. If not each Buyer...

Electrical Safety Certificates vs Electrical Condition Reports

10/4/2016
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The National Electrical and Communications Association (NECA) have previously published information regarding the issuing of electrical safety certificates.  NECA has received confirmation via email from the Department of Commerce stating the following:“Safety certificates are not to be issued unless it is installation work as described in the Electrical (licensing) regulations 1991 section 52B. Going to a property and ensuring correct operation and that the premises complies to the legislation is not installation work. The form is an official certificate and...

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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