PEXA is electronic conveyancing platform for use by conveyancers, lawyers, banks, purchasers and sellers of property. It replaces the traditional face to face conveyancing settlements. Apart from arranging settlements of purchases and sales, conveyancers and lawyers are now also able to lodge caveats using PEXA. The...
The following is an extract from a Law Institute of Victoria article about the changes as they were coming into effect: 28 Jan 2015 New laws limiting the ability to make a claim on a will came into effect this month, prompting a call from the Law Institute...
Recently changes were made to the law regarding identification requirements for entering into land transactions. These changes were designed to prevent fraud on titles and other financial transactions. This is especially important now that conveyancing can be done electronically. "Verification of Identity" is now required for...
1. Lease Cost Determine the monthly cost of the leased premises by multiplying the square metres of the premises by the price per square metre and then divide this number by 12. The resulting figure is the monthly cost. Negotiate rent free periods or a discount on...
Redraw facilities benefits A home loan with redraw facilities is a popular choice for many home buyers. It allows you to make extra repayments and gives you the option of withdrawing those extra repayments at a later date if you need the funds. Usually redraw facilities are...
Many new clients ask: Do I really need to get a lawyer to come with me to Court? You can certainly represent your self and and probably should do so to save the money if the stakes are not high eg: dispute over a parking ticket...
A common question I hear from family law clients is: I have recently separated from my partner and I wish to have equal time with the children. How do I get equal care of the children? It is not an "automatic right" of the parent to get...
The Law Institute of Victoria Awards celebrate outstanding law firms and individuals who truly advance the legal profession, contribute to community or demonstrate excellence in legal practice in Victoria. The Law Institute of Victoria Awards recognise exceptional contributors to the legal profession in a range of categories....
A power of attorney is a legal document where a person (known as the Principal) appoints substitute decision makers (known as their Attorney/s) who can make decisions for them. There are four types of Powers of Attorney Enduring Powers of Attorney (previously known as enduring guardianship power)...
A binding financial agreement or prenup as the casual term, is an written agreement between two parties setting out the assets, liabilities, property and other financial information of how it will be divided should there be a relationship breakdown. Binding financial agreements can be made before,...
Have interest rates fallen considerably since you took out your mortgage? Has your credit score or financial situation improved so you may be eligible for a lower rate? Would you like to access your equity for an investment or renovations? These are all great reasons to...
The new Powers of Attorney Act 2014 (Vic) (Act) comes into effect as of 1 September 2015. There are new prescribed forms that need to be used from that date onwards. There are now 4 powers of attorney Non-enduring powers of attorney (previously called general powers of attorney). Enduring...
