Question: Can a Minor, or Deceased Joint Tenant Buyer – be settled within an e-settlement scope in WA? A: You may know that the Client Authorisation Form (CAF) immediately ends upon the death of that client (except in South Australia -ref https://www.arnecc.gov.au/__data/assets/pdf_file/0012/698718/MPR-Guidance-Note-1-Client-Authorisation.pdf). Office of State Revenue (OSR) using Revenue-On-Line (ROL) might have an issue with an incompletely signed substituted buyer form. Unless the surviving Joint-Tenant is able to execute for the deceased and provide the Death certificate as evidence with...
Digital or e-signatures making your settlement more convenient Digital signatures are becoming increasingly more popular than wet-ink paper signed documents in a variety of business dealings. Packing up and moving house is a busy time and the availability of online, digital signatures for your settlement makes life easier. Furthermore removing the need to monitor letterboxes and staying on top of important paperwork via snail mail makes e-signing all the more appealing. A1 Conveyancing now offers e-conveyancing and the best news...
How the WA State Government is making it easier for property owners to fast track their settlements and refinancing The WA state government via Landgate has put forward a bill that has made your PAPER Duplicate Certificate of Title (record of your property ownership) invalid. What does this mean for WA property owners? The proposal is to make e-conveyancing or digital settlements and refinances easier for those people that have lost their duplicate Certificate of Titles. Previously clients without these...
Last week the National Housing Finance and Investment Corporation Act 2018 was passed through both the upper and lower houses which will establish the First Home Loan Deposit Scheme. This will enable the National Housing Finance and Investment Corporation (NHFIC) to give approximately 10,000 first home buyers per year, on low and middle incomes, the ability to purchase a home with a minimum deposit of five per cent instead of the current 20 per cent of the property’s value. While...
Digital banking: Compare neobanks in Australia Learn how a digital neobank could benefit you and how you can get started with one today. Like many other parts of our lives, banking is becoming increasingly digital. Australia has a number of new digital banks, also called neobanks, promising to revolutionise the financial industry through the use of world-class technology and digital services. Learn about some of Australia’s new digital banks in this guide and how a completely digital bank is different...
An update on strata reform in Western Australia. Our State’s new strata laws and regulations will support the growing number of West Australians who own, work or live in a strata property, as well as those looking to buy. We’d like to update you on the following key developments: Now available – Videos from information sessions Our community information sessions across metropolitan and regional WA have now finished and we thank everyone who was able to attend these sessions. Your...
