Complex Conveyancing
Have you analysed the new Standard Contract Editions and the new ipso facto regime? Have you mastered the nuances of the new GST withholding regime and other recent tax changes? Are you across the complexities of purchasing through SMSFs? And have you fully considered the many ethical disasters that can quickly torpedo a deal and sink a practice? Take a deep dive into the details and gain insights into all these issues and more, all while nailing down that crucial ethics unit for the CPD year.
Description
Attend and earn 3 CPD units including:
2 units in Legal Knowledge
1 unit in Practical Legal Ethics
This seminar was recorded in QLD on 15 November 2018
Chair: Tim O'Dwyer, Consultant, Mitchells Solicitors
2.00pm to 2.40pm: New Legislation, New Contracts and New Trends in Conveyancing
Analyse significant and recent developments in conveyancing, including critical issues such as:
- The new QLS and REIQ Standard Contract Editions
- The new ipso facto regime and its impact on conveyancing
- Other important trends in the area
Presented by Roland Taylor, Director, Statewide Conveyancing Shop
2.40pm to 3.20pm: Purchasing Through SMSFs
- Reasons to buy (and not to buy) property through an SMSF
- Discretionary/Fixed/Unit Trusts vs Self-Managed Super Funds: What’s the difference?
- Exploring the options for acquiring property using Self-Managed Super Funds: more than just LRBAs
Presented by Neal Dallas, Principal, Best Lawyers 2019, Superannuation Law; Recommended Tax Lawyer, Doyle’s Guide 2017, and Victoria Mercer, Solicitor, McInnes Wilson Lawyers
3.20pm to 3.35pm Afternoon Tea
3.35pm to 4.15pm: Recent Tax Law and Challenges
- GST: the new GST withholding regime and increased conveyancing complexity
- The purchaser’s new role as a ‘tax collector’
- Understanding the new duties, notice and reporting requirements
- Identifying ‘potential residential land’ and the implications
- Duties Act 2001 and Land Tax Act 2010 (QLD): recent developments
- Land tax: absentee surcharge and amended primary production exemption
- Duties: foreign acquirer duty
- Foreign resident capital gains tax withholding changes
- The latest relevant cases
Presented by Gail Hartridge, Barrister, Wilberforce Chambers
Ethics & Professional Responsibility
4.15pm to 5.15pm: Ethical Issues in Conveyancing: Potential Disaster Lurking Beneath Every Deal
- What duty does a property lawyer owe and to whom?
- Who is the client? Companies, trusts and other set-ups; client verification
- Acting for multiple parties: what’s allowed, how you can resolve conflicts, and the perils of failing to do so
- Problems with practitioners: professionalism, communication and the impact of technology
- Client conundrums concerning costs, communications, and courses of action
Presented by Tim O'Dwyer, Consultant, Mitchells Solicitors