Level Hunter Street Sydney, NSW 2000 GPO Box 475 Sydney, NSW 2001 DX 605 Sydney Telephone Facsimile AFFILIATED FIRMS PRACTISING SEPARATELY IN MELBOURNE BRISBANE ADELAIDE PERTH Planning certificates - a seminar for the uninitiated and a refresher for others! Archie Smith March 2010
CONVEYANCING IS SIMPLE! The humble section 149 certificate – one of the most important documents in the conveyancing process?
A BIG YEAR FOR THE 149 CERTIFICATE The 2009 changes 27 February - complying development disclosure 1 July – contaminated land management disclosure 31 July – site compatibility certificates 7 September – exempt & complying development codes
PRESCRIBED DOCUMENTS Prescribed documents – Conveyancing (Sale of Land) Regulation 2005 Omitting the section 149 certificate – an option? Replacing or updating an inaccurate section 149 certificate Azar Building and Construction Services Pty Ltd – v- Liristis Holdings Pty Ltd Is the section 149 certificate complete? Argy –v- Blunts & Lane Cove Real Estate Pty Ltd Azar Building and Construction Services Pty Ltd -v- Liristis Holdings Pty Ltd [2002] NSWSC 1085 Argy –v- Blunts & Lane Cove Real Estate Pty Ltd (1990) NSW ConvR 112
PRESCRIBED WARRANTIES Prescribed warranties – Conveyancing (Sale of Land) Regulation 2005 Adverse affectations Disclosing adverse affectations
IMPLIED TERMS Objections and requisitions Off the plan House and land packages
OPTIONS AND EXEMPTIONS Don’t forget options! Implied warranties Exemptions to prescribed documents and warranties Exempt contracts Exempt land
WHEN IT ALL GOES HORRIBLY WRONG! Rescission Rights to do so Limits on rescission Failure to disclose existence of affectation; and Purchaser unaware of existence when contract entered into; and Purchaser would not have entered into contract if aware of existence of affectation How and when
SOLICITOR’S DUTY OF CARE Checking section 149 certificate accuracy Full vendor enquiries Surveys and building certificates Acting for a purchaser Testing prescribed warranties Explaining the section 149 certificate Luxford –v- Sidhu Luxford –v- Sidhu (2008) NSW ConvR
A FINAL COMMENT Conveyancing is simple? Procedure and process The informed vendor Duty to a purchaser
OVER TO YOU! Questions?