Conveyancing News
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Coronavirus – COVID-19 January 2022 Latest Update
Here at OWNit we have taken steps to implement policies and procedures to ensure that we are able to continue to represent our clients during these unprecedented times. We are able to settle electronically via PEXA as well as complete verification of identity using facial recognition technology, without our clients
Who is a Foreign Resident?
If a Seller lives overseas for a period of more than 6 months in a year and sells their property during that time they may not be able to claim the Capital Gains Tax ‘main
Updated Titles Office Fees
Revised registry fees with the Department of Natural Resources and Mines will take effect from 1 August 2020. The current fee structure will remain in place until 31 July 2020. We want to assure everyone
REIQ v ADL Contracts
Q: Are there any differences between the standard REIQ and ADL Contracts? A: Yes. The standard terms of each of these Contracts are different in many respects. Both versions of Contracts are used in Queensland
Home Builder Scheme Part 2
Q: Is the Home Builder Grant taxed? A: No. The Home Builder Grant is a tax-free payment. We want to assure everyone that here at OwnIt Conveyancing we are ‘business as usual’ and that
PEXA settlements unavailable on 8 June
As the 8th of June 2020 is a Public Holiday in New South Wales and Victoria settlements via the electronic settlement platform PEXA will be unable to be transacted in Queensland on this date due
Home Builder Scheme
Recently the Federal Government announced the Home Builder Scheme which will be a $25,000.00 cash grant for Contracts entered into between 4 June and December 31 and there are certain criterias that must be met
Foreign Person
It has come to our attention that there are a number of persons who appear to be acting together in the transmission of a fraudulent scheme signing Contracts to purchase a property. These Contracts do
Signing of Contract by Electronic Means
The law requires that all Contracts in relation to the Sale of Land are in writing and signed by the parties it is to be enforced against. In current times there is the ability for
Foreign Ownership (Part 2)
If you are a “foreign person” under the provisions of the Foreign Acquisition and Takeovers Act 1975 (Cth) and you have been granted FIRB approval to purchase a property in Australia you need to ensure
Foreign Ownership
If you are a “foreign person” under the provisions of the Foreign Acquisition and Takeovers Act 1975 (Cth) you need to obtain and No Objection Notification from the Foreign Investment Review Board before entering into
