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Electronic lodgement from 1 March 2018

February 21, 2018 By Andrew Rothfield

Electronic lodgement from 1 March 2018

It has been a Registrar's Requirement to lodge standalone Caveat and Withdrawal of Caveat dealings at Land Use Victoria using the PEXA electronic settlement platform since 1 December 2017. From 1 March 2018, the following dealings can no longer be lodged in paper Continue Reading

Update to the Foreign Resident Capital Gain Withholding Tax

May 25, 2017 By Andrew Rothfield

Update to the Foreign Resident Capital Gain Withholding Tax

If you've sold a property on or after 1 July 2017 for $750,000 or more, you will be liable to have 12.5% of your sale proceeds withheld at settlement by the purchaser and remitted to the Australian Taxation Office unless you provide an ATO Clearance Certificate to the Continue Reading

The 4 major banks and electronic Certificates of Title

March 2, 2017 By Andrew Rothfield

The 4 major banks and electronic Certificates of Title

On 23 October 2016, every Victorian paper Certificate of Title that was first mortgaged on that day to one of the four major banks (i.e. ANZ, Commonwealth, National Australia Bank and Westpac) was converted by Land Victoria to an electronic Certificate of Title.  1.7 Continue Reading

What is partition?

January 9, 2017 By Andrew Rothfield

What is partition?

If you are a part owner of two lots in a subdivision, both in joint ownership with another party, you may be able to utilise the provisions of section 27 of the Duties Act to "partition" the land so that after the partition each party owns one of the lots as a sole Continue Reading

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Recent Blog Posts

Electronic lodgement from 1 March 2018

Update to the Foreign Resident Capital Gain Withholding Tax

The 4 major banks and electronic Certificates of Title

What is partition?

Foreign Resident Capital Gain Withholding Tax

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