Complex Conveyancing
Are you across the significant changes and current issues affecting conveyancing practice in VIC? Have you analysed the many foreign client issues impacting conveyancing or mastered the nuances of the new GST withholding regime and other recent tax changes? What about the role of valuations in property transactions or the current state of the property market at large? Take a deep dive into the details and gain insights into all these issues and more, all while nailing down that crucial ethics point
Description
Attend and earn 3 CPD units including:
1.5 units in Substantive Law
0.5 unit in Professional Skills
1 unit in Ethics & Professional Responsibility
This seminar was recorded in VIC on 27 November 2018
Chair: Kelly Young, Director, Estate Conveyancing
2.00pm to 2.40pm: Foreign Client Issues in Conveyancing
- Identifying the residency status of your foreign or temporary visa client
- Completing verification of identity locally or overseas
- What type of property is being transacted and what property taxes apply to a sale or purchase
- Is Foreign Investment Review Board (FIRB) approval required?
- New Victorian foreign spouse stamp duty exemption
- What Victorian stamp duty concessions/exemptions/surcharges apply?
- Potential traps/issues for practitioners
Presented by Emma Elsworth, Senior Property Lawyer, Property Legal; Accredited Specialist in Property Law
2.40pm to 3.20pm: The New GST Withholding Regime and Recent Tax Developments
- 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
- Foreign resident capital gains tax withholding changes
- Recent cases and updates
Presented by Cameron Forbes, Senior Associate (Tax), Clayton Utz
3.20pm to 3.35pm Afternoon Tea
Professional Skills
3.35pm to 4.15pm: Valuations in the Current Market: What Practitioners Need to Know
- Snapshot of the current Melbourne property market and the ramifications for purchasers, vendors and practitioners
- Bank valuations being downgraded and the impact on borrowers needing financing
- Understanding what a valuer does and the relevance to practitioners
- Valuer practices and procedures pre-settlement
- Interpreting RP data and understanding the algorithms at work
- The impact on the vendor and purchaser
- Case studies and real world examples
Presented by Bradley Willmott, Managing Director, Valuer & Principal Buyer Advocate, Pursuit Property Advisory
Ethics & Professional Responsibility
4.15pm to 5.15pm: Ethical Issues in Conveyancing: Potential Disaster Lurking Beneath Every Deal
- Dealing with clients: costs, communication and disputes
- Acting for multiple parties: what’s allowed, how you can resolve conflicts and the perils of failing to do so
- Dealing with practitioners: professionalism, communication and the impact of technology
Presented by Lionel Wirth, Barrister