Conveyancing & The Law
Major changes to home building laws:
Prepare for new home building laws: If you are in the home building industry, or building or renovating your home, be aware of changes resulting from new laws.
The changes were shaped through extensive consultation with industry, home owners and key stakeholders.
Most changes commence on 15 January 2015. Further amendments concerning contract requirements will commence on 1 March 2015.
Visit Fair Trading NSW for more information
National e-Conveyancing NSW:
National e-Conveyancing NSW: Property Exchange Australia (PEXA) was formed to fulfil a Council of Australian Governments (COAG) agenda item to deliver a national electronic conveyancing solution to the Australian property industry.
Supported by the NSW Government, PEXA will enable industry participants to settle property transactions, lodge instruments with land registries, and pay associated duty and other disbursements.
Electronic conveyancing went live in New South Wales on 8 October 2013. The initial release provided functionality for financial institutions to lodge Mortgages and Discharges through the PEXA platform.
On 10 November 2014 the second release of electronic conveyancing expanded the range of functions to include financial settlement and the lodgment of transfers and caveats. This release allows subscribers such as solicitors and conveyancers to transact through PEXA. Legislation is pending in NSW Parliament that will introduce priority notices as part of our electronic conveyancing reforms.