PEXA Wodonga

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Greg Cooper from Stewart Title

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Greg explains how title insurance helps purchaser when there is a defect in the 'improvements'. Specifically when they are non compliant with building code

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Greg offers fascinating case study of the Lacrosse building which had non compliant external cladding. Similar issue to the Grenfell fire in England ( inquest starts today) Subsequent building audit reveals this issue is widespread. Victorian government has appointed a task force to consider action ( TED Bailleau and John Thwaites) 

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Greg gives us an overview of the law relating to what the vendor must disclose on the vendors statement. In short, latent defects. 

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Andrew Hosken from Victorian State Revenue Office

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Andrew says SRO had 240,000 land transfers last year. There have been 17 forms supporting these transactions. Historically all this papers was collected & stored off site in secondary storage. 

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The list of the old 17 forms which have been replaced 

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Andrew encourages us to participate in the weekly SRO webinars every Thursday 

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Link to the SRO webinars http://www.sro.vic.gov.au/webinars