About ChristaC

I noticed the standard terms of the NSW Contract changed between the 2018 and 2019 editions regarding land tax charges -   Clause 16.6 of the 2018: "If a party serves a land tax certificate showing a charge on any of the land, on completion the vendor must give the purchaser a land tax certificate showing the charge is no longer effective against the land."   vs   Clause 16.6 of the 2019 edition: "If a party serves a land tax certificate showing a charge on any of the land, by completion the vendor must do all things and pay all money required so that the charge is no longer effective against the land."   The NSW Law Society said the update reflects the change in process of clearing land tax charges, including payment via an ELNO on settlement. From my understanding, there is actually no requirement under the 2019 edition of the Contract to provide a clear s 47 certificate prior to settlement now. https://www.lawsociety.com.au/sites/default/files/2019-10/LS3254_ECOS_2019_Summary-of-changes_0.pdf   Seems odd that they wouldn't even accept an undertaking.   ... View more

Hi Cheryl,   That is good to hear! I'm going to follow up with our team about that, might save us a bit of a hassle in the future.   Thanks, Christa ... View more

Would love to know the answer to this as well.   We have this situation pop up every month and currently have to effect them manually because it doesn't appear to fit under any of the categories of a transfer without monetary consideration. I spoke with someone at LRS about this this morning and he said that he believes that transfers without monetary consideration might still not be mandated to go through PEXA so is possible for manual lodgement.   Someone created a really good guide on transfer types under the PEXA scope but that was before the 1 July 2019 deadline. Wonder if this has been updated. ... View more