Posts Categorized: Property law

Final Occupation Certificate – The Holy Grail for Purchasers, or is it?

A final occupation certificate has long been thought to give peace of mind to purchasers of dwellings, however a recent court of appeal case held that a final occupation certificate cannot be relied upon.  The Case The Purchasers entered into a contract with the Vendor (owner-builder) to purchase a substantially renovated house in Wahroonga, NSW. The Vendor engaged Ku-ring-gi Council to certify a two-level extension at the back of the existing house as well as an engineering firm to prepare structural drawings. The Council issued a Final Occupation Certificate despite […]

Keep Reading

When Does a Gift Become a Loan?

  A recent NSW Court of Appeal case examined the circumstances when money initially provided as a gift could later be classified as a loan. The Case In the case, the father made a financial advance to his son in the amount of $1.2 million to assist the son and his wife purchase their family home. Following a successful purchase at auction, the father had several discussion with friends and his son, the father changed his mind and wished to classify the gift as a loan. The father engaged his […]

Keep Reading

Loose-Fill Asbestos

From 1 September 2017 a Contract for Sale and Purchase of Land must include a warning that if the dwelling was constructed prior to 1985 then the purchaser should make enquiries to determine if the premise contains loose-fill asbestos.   The warning recommends the purchaser; Search the Loose-Fill Asbestos Insulation Register. Check if the local council holds any records on premises that have Loose Fill Asbestos. What is Loose-Fill Asbestos (LFA) and Why is it Dangerous? In the 1960’s and 70’s raw crushed asbestos was used in ceilings as insulation.  Asbestos fibres […]

Keep Reading

Identity checks – why are they important?

At Duffy Elliott Lawyers we take all steps necessary to identify our new and returning clients. We also ensure our conveyancing client’s comply with Verification of Identity (VOI) requirements. Clients often wonder why they need to be identified. A recent case before the ACT Supreme Court highlighted why our processes for identifying a client is an essential part of the legal process. The case, Astell v Australian Capital Territory [2016], involved a client who owned property in the ACT. The client lived in South Africa and had engaged a local […]

Keep Reading
primary production, land tax primary production exemption

Good News for Developers of Land Used for Primary Production

The Background Property Developers often acquire agricultural lands on the edge of existing urban areas and hold them as land as a “land bank” for future Developments. Primary production activities such as cattle grazing often continue through leasing or agistment arrangements. In New South Wales land that is used for Primary Production is generally not subject to land tax. Accordingly, developers have sought to claim an exemption when their “land bank” is being used for primary production. In recent times the Office of State Revenue (OSR) has imposed more stringent […]

Keep Reading
SMSF investment with Duffy Elliott Lawyers Dubbo

Looking to Buy Property with your SMSF?

Here is what you need to know if you are looking to purchase Property with your SMSF The Basics: Self-managed super funds (SMSF) are now the largest sector in the Australian Superannuation Industry. Purchasing property with a SMSF isn’t the latest in innovation, but the concept of borrowing to purchase is relatively new. The capacity to borrow means that people are now able to use their SMSF to invest in properties that they may not have previously been able to afford. Advantages: Purchasing property through your SMSF can be a […]

Keep Reading
Duffy Elliott Lawyers, Commercial Property

Changes to Energy Efficiency Disclosure Requirements for Commercial Property.

If you are a commercial property owner, looking to invest, or just interested energy efficiency the following article will most definitely interest you. From 1 July 2017 it certain circumstances it will be compulsory to disclose a commercial property’s energy efficiency information when looking to sell, lease or sublease a property. What disclosure is required? It will be compulsory for commercial property owners to provide a Building Energy Efficiency Certificate (BEEC) issued by the Department of Environment and Energy to prospective purchasers and lessees. What is a BEEC? A BEEC is […]

Keep Reading
lawconnect

LawConnect – Innovation at Duffy Elliott

Duffy Elliott is implementing the next big thing in secured document sharing At Duffy Elliott Lawyers we are continually looking to use technology to improve the services we offer our clients. The latest software we are implementing is LawConnect. LawConnect is a secured document sharing platform. LawConnect allows our clients to have all the documents that we are working on together, in one place, in an organised structure. How Does it Work? Initially, you will be emailed with an encrypted link to a document. Then you follow that link to […]

Keep Reading
strata law changes

Social Media at meetings & Other Strata Law Changes that are important to you!

If you own or rent a residential strata unit these changes will impact you. The new laws starting on 30 November 2016 have been modernised to reflect the reality of living in a strata unit today. More than a quarter of NSW’s population is living in a strata property so these Strata Law Changes will no doubt be a topic for discussion in the coming months. The Property Law team at Duffy Elliott Lawyers has jumped ahead of the pack to give you this summary of the upcoming changes: Technology […]

Keep Reading
property lawyer dubbo

New Asbestos Register Unlikely to Affect Dubbo Residents

Law changes have established the National Loose-Fill Asbestos Insulation Register. If a property is listed on the register it needs to be disclosed in the section 149(2) certificate. What is a section 149(2) Certificate? If you have ever had anything to do with the sale of property you will know that a vendor is required to disclose certain information about the property to the purchaser. Part of this disclosure is the inclusion of a section 149(2) planning certificate in a contract. A section 149(2) certificate is issued by the local […]

Keep Reading