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No escaping accountability despite ‘deposit flicking’

AUSTRAC, the premium body charged with enforcing anti-money laundering regulations, has said real estate agents are still accountable despite the controversial practice of “deposit flicking”. But the peak body for NSW conveyancers has backed an industry petition calling for action to clamp down on “deposit flicking” by real estate agents. The emerging practice, in which an agent transfers a purchaser’s property deposit to a third party to hold on the agent’s behalf until settlement, may constitute a breach of professional obligations, the Australian Institute of Conveyancers

Missing link in TV report on Australia’s housing plight

Investing is now the way to secure great Aussie dream

Economy in downturn but business confidence improving

State government under fire over home completion rates

Weaker demand leads to low auction clearance rates

Housing delivery still more important than data centres

New report shows rental situation stabilising

THE NSW Government is lauding significant improvements to the rental market on the back of initiatives undertaken a year ago. In 2025, the Minns Government banned no-grounds evictions an

Slow, steady rise to meet AML/CTF target

CONVEYANCERS might be dragging the chain on their AML/CTF enrolments, with only 1,550 registered with AUSTRAC as of July 2. However, 5,550 lawyers have enrolled, and many of them also pr

Small businesses: Deal with tax issues now

SMALL business owners could lose much more than their company if they don’t tackle their tax debts early, according to an insolvency specialist. With Australian National Audit Offi

Conveyancers back bid to regulate e-platform

A PROPOSAL by the NSW Independent Pricing and Regulatory Tribunal (IPART) to rein in fees charged by digital property platform PEXA has been welcomed by the state’s conveyancers. Last we