:quality(80))
Regulation
Should conveyancers join forces to handle AML compliance?
The prospect of crippling costs to comply with incoming anti-money laundering laws raises questions around the way practitioners can work together.
Compliance
:quality(80))
Regulation
Green tick: Australian net-zero projects to be rated
Environmental projects will be analysed and rated in Australia in a move experts say could prevent greenwashing and encourage international investments.
:quality(80))
Regulation
Federal government should take over from ARNECC – Law Council
President Juliana Warner’s submission into competition in eConveyancing highlights the council’s frustrations over the implementation of interoperability.
:quality(80))
Regulation
Gold Coast properties worth $10 million seized as part of AML operation
The buildings are part of $21 million worth of assets confiscated by a multi-agency task force that includes AUSTRAC.
:quality(80))
Regulation
Conveyancers should be able to operate in Qld – AIC national president
Debate continues over allowing independent conveyancers to be able to work without relying on lawyer oversight.
:quality(80))
Regulation
Lawyer warns conveyancing colleagues to suck it up over AML
And for those who are in cahoots, knowingly turning a blind eye, the answer is simple: they should be jailed.
:quality(80))
Regulation
Real estate agents can rely on conveyancers’ AML due diligence
AUSTRAC has unveiled new guidance around anti-money laundering reforms and given the sector a month to make submissions to the latest changes.
:quality(80))
Regulation
Debate continues on independent conveyancers in Queensland
Introducing independent conveyancers would undermine safeguards, exposing consumers to significant risks, says prominent lawyer.
:quality(80))
Regulation
QLS says no to independent conveyancers in sunshine state
As debate continues over the issue, QLS President Genevieve Dee has responded to the ongoing debate about levelling the playing field between conveyancers and lawyers.
:quality(80))
Regulation
Confused real estate agents bombard conveyancers over seller disclosure
Question marks over the level of resources in legal and conveyancing industry needed to adopt Seller Disclosure as deadline looms.
:quality(80))
Regulation
Disruption prompts calls from conveyancers for action against PEXA
Up to 10 per cent of those trying to settle just before lunch last Friday were impacted by a problem with the Jellyfish mobile app that is used by PEXA subscribers to sign off on settlements.
:quality(80))
Regulation
Eviction rules and pet rights change in rental shake-up
Significant changes have come into effect for millions of renters, with new rules on evictions and tenant rights regarding pet ownership now in place.
:quality(80))
Regulation
What next for competition in e-Conveyancing?
That’s the question now that Lextech has walked away from the e-Conveyancing market after six years and $10 million spent trying to compete with PEXA.
:quality(80))
Regulation
SA and Tassie back demands for equal billing for QLD lawyers and conveyancers
Interstate AICs and practitioners back calls for conveyancers to be allowed to operate freely in the sunshine state.
:quality(80))
Regulation
Conveyancers do most AML work already but face big fines for slip-ups
Penalties of $19,000 a day for those who do not sign-up to the new regime. And failure to carry out annual compliance reports also carry a $19,000 fine.
:quality(80))
Regulation
Seller disclosure good for conveyancers and the community
Changes that come into force on August 1 as part of the Queensland Property Law Act 2023 are seen as the biggest shake-up to the state’s property laws in 50 years.
:quality(80))
Regulation
Demands to level playing field for conveyancers in Queensland
New seller disclosure regime means practitioner expertise must be recognised in sunshine state – NSW AIC
:quality(80))
Regulation
Lawyers, conveyancers – and even regulators – confused over AML
AUSTRAC is involved in a ‘frenetic’ amount of activity as the number of businesses it monitors is set to jump from 15,000 to 90,000.
:quality(80))
Regulation
Key AML dates for conveyancers as new rules are rolled out
Timeline for the introduction of Tranche 2 reforms that will bring practitioners under AUSTRAC scrutiny.
:quality(80))
Regulation
Conveyancers petition to get real estate agent kickbacks outlawed
More than 400 practitioners – and members of the public – have so far backed the appeal by the Victorian division of the Australian Institute of Conveyancers.
:quality(80))
Regulation
Jail threat for conveyancers who tip off clients they suspect of money laundering
AUSTRAC obligations on conveyancers and property lawyers represent a real change in ethics and client privilege, according to practitioners.