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Published byKarin Atkins Modified over 9 years ago
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Level 16 55 Hunter Street Sydney, NSW 2000 GPO Box 475 Sydney, NSW 2001 DX 605 Sydney Telephone +61 2 9225 2500 Facsimile +61 2 9225 2599 www.kempstrang.com.au 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
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CONVEYANCING IS SIMPLE! The humble section 149 certificate – one of the most important documents in the conveyancing process?
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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
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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
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PRESCRIBED WARRANTIES Prescribed warranties – Conveyancing (Sale of Land) Regulation 2005 Adverse affectations Disclosing adverse affectations
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IMPLIED TERMS Objections and requisitions Off the plan House and land packages
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OPTIONS AND EXEMPTIONS Don’t forget options! Implied warranties Exemptions to prescribed documents and warranties Exempt contracts Exempt land
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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
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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 56-203
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A FINAL COMMENT Conveyancing is simple? Procedure and process The informed vendor Duty to a purchaser
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OVER TO YOU! Questions?
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