M.C.Wilde & Co joins the Atkinsons team!

We‘re bringing together Brisbane‘s best legal agents to take our service to you to the next level.

M.C. Wilde & Co, like us, are deeply passionate about providing outstanding personalised service, and have been doing so since 1991.

We are tremendously excited to announce that in 2015, M.C. Wilde & Co are joining with Peter Atkinson & Company, Brisbane‘s longest trading legal agency, established in 1968.

You‘ll enjoy the same great service, same friendly people and even more experience and services.

More then ever, our focus remains on delivering our personalised and professional expertise you have become accustomed to across a larger network of staff and services. In addition, we are committed to providing you with a broad array of more sophisticated products and services to help you meet your practice‘s needs and goals:

+ Enhanced and expanded range of services
+ 24 hour searching and settlement booking portal
+ E-conveyancing ready, with free PEXA sponsorship, set-up, ID and training
+ End of moth account plus 28 days, credit card payments accepted
+ Online invoice and account system available 24/7
+ No GST on outlays
+ Industry leading experience and pricing

Our focus on these things helps you focus on what matters most: running your firm and doing the things you want to do.

We‘re building a better, more personalised and professional agency service for you.

Please don't hesitate to contact Greg or any of the team at Atkinsons if you have any enquiries.

Christmas - New Year Trading

This Christmas - New Year period, we'll be here to assist you.

Whilst it won't be too busy, we will have staff available to help where required.

Please remember that the Titles Office and Courts will be closed, but if there's anything we can do to assist, we certainly will.

Our online searching portal will be available, subject to provider availability.

The team at Atkinsons wish all our clients and their loved ones a very safe and Merry Christmas!

Thank you for your support this last year, and we look forward to being able to assist you in 2015.

Office Closure for G20 Public Holiday

Due to the forced Public Holiday for the G20 Leaders Summit in Brisbane, our office will be closed on Friday 14 November 2014. Thanks for your understanding - we didn't have any say in it!

Econveyancing and Verification of Identification

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PEXA has announced its options for verification of identity for property Lawyers and Conveyancers and their Clients'.

From PEXA's press release:

When joining PEXA, Property Lawyers and Conveyancers are required to have their identity verified to ensure the security and integrity of the system. PEXA has announced that this requirement can now be fulfilled at Australia Post branches nation-wide.

“Verification of Identity is the cornerstone in being able to provide a secure and safe e-Conveyancing environment to the Australian market,” PEXA CEO Marcus Price said. “By working with Australia Post, PEXA continues to take distance and geography out of the property exchange process.”

In addition, and as part of the land transaction process, Property Lawyers and Conveyancers need to take 'reasonable steps' to verify the identity of their client; the buyer or seller. From September, Property Lawyers and Conveyancers can send their clients to an Australia Post branch to have their identity verified if a face-to-face meeting isn't an option - a huge step forward for the growth of the industry.

There are two key steps in a property transaction that require a physical meeting of parties; the VOI check and physical attendance at settlement. Australia Post removes the first while PEXA takes care of the rest through its online lodgement and financial settlement capability.

In effect, this opens up new business horizons for Property Lawyers and Conveyancers who will now be able to operate nationally (provided they are certified to do so) without the geographical constraints experienced in today’s manual world.

It also provides more secure evidence of ownership and right to deal and, critically, that the person transacting with the property is the person named in the Register of Land as the registered proprietor.

In addition to Australia Post, PEXA is also working with ‘come to you' VOI service ZipID - an initiative supported by the Commonwealth Department of Industry.

“PEXA will be a faster and more efficient way of transacting property,” Mr Price said. “But more importantly, it will be the most secure way. Having Australia Post and ZipID work alongside us to deliver a convenient way to perform identity checks is a huge win for the entire industry.”

Why VOI is important to the Property Industry

It’s vital the Australian market has a safe and accessible means of providing identity verifications within a property transaction to prevent fraudulent activity and protect the integrity of its Land Registers.

In the manual world, a “reasonable steps” approach applies to the verification of a clients’ identity.
The Electronic Conveyancing legal framework formalised this requirement and as a result, all transactions completed through PEXA can be guaranteed to have been through the proper verification process.

Where next for PEXA?

PEXA Release 1 is currently live in Victoria, New South Wales, Queensland and Western Australia for new mortgages, mortgage discharges and refinances. The Major Banks as well as a number of additional Financial Institutions are currently using PEXA to perform these transactions.

Release 2 launched in June 2014 in a limited capacity (caveats only) for Property Lawyers and Conveyancers in Victoria. From Q4 this year, full functionality will launch to select Property Lawyers and Conveyancers in New South Wales and Victoria followed by the remaining states across 2015.

Property Lawyers and Conveyancers in New South Wales and Victoria can sign up for PEXA from late October. For all other states, the PEXA on-boarding process will begin in early 2015.

With the release of full functionality, PEXA will enable Banks and other Financial Institutions as well as Property Lawyers and Conveyancers to perform lodgements and financial settlements online. PEXA functionality will support new mortgages, mortgage discharges, transfers, settlements, caveats, notices and other administrative documents in one easy to use, intuitive electronic platform.

For more information please visit www.pexa.com.au or give us a call.

Change of Trust Account Numbers - new account details

Please note that our trust account number has changed.

We have changed our account type to reduce our account fees. With the volume of transactions through our trust account and the resultant monthly bank fees, it was either charge more for its use, or change the account type to lower our Bank fees - of course, we chose the latter so we didn't have to increase the fees we charge...

If you use our trust account for settlements proceeds, please update your records to reflect our new BSB and account number.

National Australia Bank
330 Collins Street Melbourne Branch
Peter Atkinson & Company Trust A/c
BSB: 083-088
A/c: 740522154

Click here to download an easy reference card.

New Titles Office procedures for dealing with original Wills

Changes to Titles Registry Practice for Examination of Original Wills

The Supreme Court Probate Registry no longer accepts exhibit certificates endorsed on original Wills due to impracticalities in that process. To help ensure alignment between Titles Registry and Probate Registry requirements, the following practice will be adopted in the Titles Registry from 1 September 2014:

  • where a Will is required to be an exhibit to a statutory declaration, a clear and true copy of the last Will of the deceased is to be the exhibit;  

  • the accompanying statutory declaration must state the exhibit is a copy of the Will. Note: wording for this statement is incorporated in the Uniform Civil Procedure Rules 1999 forms, which are used as a guide for the statutory declaration;
     
  • more than one declarant may exhibit the same copy of the Will provided it is endorsed with an exhibit certificate in respect of each statutory declaration;

  • declarants may exhibit separate copies of the Will to their respective statutory declarations;

  • original Wills will no longer be returned to the lodger for attending to requisitions, however, a lodger or their agent may inspect the original Will at the Titles Registry office where the will is held (the office location will be identified in the requisition notice). 
For further information contact the Titles Registry on 1300 255 750 or email titlesinfo@dnrm.qld.gov.au


New Form 24 Property Information

Form 24—Property Information (Transfer) (Version 6) will be implemented for use from 1 July 2014.

Item 4 of the form has been changed to include wording to reflect that the sales price must include Goods and Services Tax (GST) if applicable.

Two additional items points have been included at Item 6. These items require the transferor to identify whether or not GST is payable on the transaction, and if so whether or not the transaction is under the margin scheme.

To view an example of the new Form 24 (Click here) or the Guide to Completion of the Form 24 (Click here).

The continued use of Form 24— Property Information (Transfer) (Version 5) will be permitted until 1 October 2014.

Further information

For information on GST and margin schemes contact a tax accountant, or the ATO on 13 28 61 for Individuals or 13 28 66 for Businesses, or from their website at: www.ato.gov.au.

New Titles Office Fees for 2014-2015

The Titles Office have announced their new fee structure, effective 1 July 2014.

The old base fee of $157.40 increases to $162.80. Settlement Notices are up from $29.80 to $30.80, and requisition fees rise to $39.20 to cite just a few.

Click here to download the fee schedule.

Click here to download the handy ready reckoner for transfer and other common fees.

Need a company fast? Register now 24/7 with our online company services

Atkinson's now makes Company registration easy.

You can now register a company, for you or your client's, 24/7 via our online portal.

In just a few minutes, receive your Certificate of Incorporation and a complete suite of legal documents via email (subject of course to ASIC database availability).

We can also look after registering your ABN, or if you're starting a new enterprise, get the whole kit including ABN, GST, TFN, PAYG, plus a .com.au domain name.

Get started or read more now.