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Regulation
Will conveyancers quit because of AML burden?
Two senior industry figures who spoke to Australian Conveyancer Quarterly – out next week – suggest the added cost and compliance will tip some over the edge.
Regulation
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Regulation
Conveyancers brace for follow-up negotiations in the wake of cyclone
The impact of the devastating weather event brings into sharp focus elements of contract law in Queensland that are in need of reform, according to lawyers and conveyancers.
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Regulation
Conveyancers need close relationship with next govt on new AML/CTF rules
Reforms will have a huge impact on the industry in terms of impact on resourcing, on process and how those changes are rolled out to conveyancers.
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Regulation
Dodgy builder ‘nightmares’ spark protections shake-up
Victims of dodgy builders have been promised easier access to a state-operated insurance scheme to fix shoddy work under a consumer law shake-up.
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Regulation
New competition inquiry into eConveyancing
Senate inquiry announced amid growing calls for reform in eConveyancing – as single provider PEXA hit by multiple outages over the past two months.
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Regulation
Conveyancers unimpressed by foreign investors plan
The government’s move to ban foreign investors for two years has been labelled a distraction and will make little difference to the housing crisis, given that there were just 5360 residential real estate purchases in 2022/23.
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Regulation
Retiring renters face homelessness as ownership falls
As home ownership falls, rents grow and the cost of living continues to surge, older renters will need more help when they enter retirement, a report has found.
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Regulation
Australian Conveyancer part of evidence to government PFAS inquiry
Submission by Lotsearch founders Howard Waldron and Pete Rodgers was described as “fascinating” by committee deputy chair The Hon Taylor Martin.
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Regulation
Conveyancers urged to share views on off-the-plan reforms
A major shake-up of off-the-plan contracts will give conveyancers a chance to have their say on the reforms and the way covenants like sunset clauses impact their clients.
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Regulation
More charges over building regulator kickbacks scandal
The Independent Broad-based Anti-Corruption Commission has laid more charges as part of its investigation into alleged financial gains linked to builder registrations signed off by the Victorian Building Authority.
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Regulation
AML and cybercrime top list of threats to conveyancers
Get ahead of the criminals targeting your conveyancing business by understanding the threats you face before it’s too late.
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Regulation
Conveyancers put on notice by AUSTRAC
The financial crimes regulator will not hesitate in pursuing businesses who breach tough new anti-money laundering rules.
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Regulation
What now for competition in e-conveyancing?
The ACCC is inquiring into concerns over delays to the reforms that would open up the e-conveyancing platform to competitors.
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Regulation
Kickbacks to real estate agents should be illegal for all conveyancers
Property lawyer George Sourris says kickbacks should be outlawed across Australia as the practice is fueling a race to the bottom mentality.
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Regulation
Will money laundering crackdown be brought forward?
Senate inquiry has made eight recommendations about AML regulations for lawyers and conveyancers – including bringing forward enforcement for some offences.
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Regulation
Proposed AML legislation will make home buying more expensive
An anti-money laundering regime that will cost the property industry $2 billion a year will hurt small businesses and Australians buying and selling property.
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Technology
Competition reform in eConveyancing back on the table
ARNECC set to meet to discuss the future of interoperability reform following a review by the Queensland government.
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Regulation
Banks at odds over easing lending restrictions
Easing lending requirements so more first homebuyers can get a mortgage has received mixed reviews, with warnings more borrowers would face crippling debt.
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Regulation
Flood risk levels to be a bigger part of the conveyancing process
Conveyancers and property managers will have to disclose flood risk levels under Federal recommendations following the 2022 floods
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Regulation
Drinking water guidelines for potential cancer-causing chemicals to be tightened
Stricter drinking water guidelines for potential cancer-causing “forever” chemicals are set to be introduced after increasing discoveries of PFAS.
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Regulation
Conveyancing industry leader says banks must do more to stop scams
Banks need to take more responsibility for scams that cost consumers $2.74 billion a year, according to leading conveyancer David Winning