:quality(80))
Regulation
Probe to begin into contentious real estate method
Fair Trading to examine ‘whether real estate agents are acting in accordance with their existing legal obligations’.
Regulation
:quality(80))
Regulation
Home investors blindly walking into new-build contract risk
The Federal Budget tax changes has created a wave of inexperienced investors who mistakenly believe that new-build home contracts are sale and simple, and they are blindly and dangerously signing contracts they don’t understand.
:quality(80))
Regulation
‘Win-win’: quick fix to stamp out AI-fuelled loan fraud
Allowing the tax office to share lenders’ financial information with banks could help counter a surge in loan fraud fuelled by artificial intelligence.
:quality(80))
Regulation
Small businesses: Deal with tax issues now
Delaying tax debt problems could accelerate risk to personal assets beyond the normal company assets.
:quality(80))
Regulation
Agency Settlements slams ‘deposit flicking’ petition
Legal firm says conveyancers’ concerns are ‘malicious, misleading and deceptive’ over its solution for real estate agents.
:quality(80))
Regulation
No escaping accountability despite ‘deposit flicking’
But conveyancing body wants to meet with Fair Trading to stop process of house deposits going to a third party.
:quality(80))
Regulation
Slow, steady rise to meet AML/CTF target
AML/CTF reform enrolments by conveyancers are behind schedule but with an extension to the deadline, AUSTRAC anticipates a rise as practitioners get their heads around the obligations.
:quality(80))
Regulation
Conveyancers back bid to regulate e-platform
PEXA comes under microscope of IPART in a move which could see a $70 million hit to revenue.
:quality(80))
Regulation
It’s time: Conveyancers must comply to new regulations
AUSTRAC boss says ‘by taking part in this regime, you really are helping to strengthen our economy’.
:quality(80))
Regulation
Dodgy superannuation offerings still occurring ‘in pockets’
Regulator says super trustees ‘still not doing enough to protect members from harmful advice and inappropriate investments’.
:quality(80))
Regulation
Solicitors convey concerns over AML/CTF obligations
Lawyer-client confidentiality brought into question as AUSTRAC advises to ‘err on the side of caution’.
:quality(80))
Regulation
Scales of justice may not tip in favour of regional NSW
People in smaller regional communities may not get the legal support they need because some country court houses are in a state of disrepair, it has been claimed.
:quality(80))
Regulation
New Zealand regulators shine light on luxury goods in AML fight
While the focus has been on high-volume cash transactions in the anti-money laundering fight, dealers are now being told that assets such as gold and luxury watches should also be scrutinised.
:quality(80))
Regulation
AUSTRAC boss urges AML/CTF sign-up to stop crime gangs now
The head of Australia’s financial intelligence agency has sounded the alarm on lagging sign-up for for sweeping new AML/CTF laws.
:quality(80))
Regulation
Firms given warnings for failing compliance audits
New Zealand issues 10 formal notices for companies who didn’t fulfil their AML/CTF obligations.
:quality(80))
Regulation
Tax reforms to impose ‘substantial costs’ on the public
Accountants are warning Labor’s controversial tax reform will lead to “substantial compliance costs” on taxpayers, calling for legislative changes.
:quality(80))
Regulation
When the case for due diligence is a must for conveyancers
All aspects of home renovations should be reported and recorded to avoid hard penalties for all concerned.
:quality(80))
Regulation
On the home straight: AML/CTF reform deadlines loom
The clock is ticking and it is also time for Tranche 2 entities to tick all the boxes as the long-awaited AML/CTF laws reform deadlines finally land on the doorstep.
Regulation
Auditor engaged to see if club is meeting AML/CTF obligations
Sports club faces probe as regulatory body requires confirmation it is complying with the new guidelines.
:quality(80))
Regulation
Restructure among options for collapsed firm
The administrator says collapsed conveyancer Settle Easy will continue trading as it explores salvage options.
Regulation
Lawyers get ready for AML/CTF reform
As the AML/CTF compliance deadline looms, lawyers in NSW have ramped up their efforts to be ready for obligations that come with the reforms.