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We work collaboratively with our clients to build strong, sustainable relationships. Our team is committed to delivering consistent high standards of service, and we understand the importance of accessibility. Working with us, you'll enjoy open communication, meaning well scoped, properly resourced and effectively managed matters.

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Latest Case

Advising on market-changing divestments September 25, 2018

Maddocks  acted for the founder of Australia’s largest private pilot training school, Soar Aviation, on the group’s 50 percent sale to Australian private equity investor The Growth Fund. Soar Aviation was started in 2012 by … Continued

Latest News

Strong signals: Maddocks advises on television broadcast services outsourcing October 10, 2018

Wednesday 10 October 2018 Maddocks has advised NPC Media on its deal to provide playout services for Southern Cross Austereo’s 105 television broadcast signals through NPC Media’s new playout centre. NPC Media is a joint … Continued

Latest Article

When being natural can be misleading: recent consideration of organic product claims October 15, 2018

Recent decisions by the Australian Competition and Consumer Commission and the Federal Court of Appeal have demonstrated that it can be a fine line between branding and product claims: with a wrong step amounting to … Continued

Are you PEXA ready?

The conveyancing industry is about to get another major shake-up as Land Use Victoria (LUV) transitions to 100% digital lodgements on PEXA.

This may have substantial consequences for developers who are coming towards the income realisation and delivery stage of the property development cycle. While PEXA runs smoothly for stand-alone transactions, the industry is still adapting to bulk vendor conveyancing on PEXA.

Developers will also need to be aware of additional disbursements which may be incurred as a result of using the PEXA platform.

A summary of the LUV aspirational timeline, as published in a recent LUV Bulletin, is set out below: From 1 October 2018:

  • All settlements that can be done on PEXA must be done on PEXA.
  • All instruments or a combination of instruments available in PEXA are to be lodged electronically. Examples include a case comprising a withdrawal of caveat, discharge of mortgage, transfer and mortgage. This requirement applies to conveyancers and lawyers acting for a party or themselves and PEXA subscribers.
    LUV will only accept paper lodgements for “stragglers” and only on cases where the transfer instrument is not on PEXA, for example, transfer of lease.
  • It is the LUV’s intention for 1 October 2018 to 1 August 2019 to be the transition period. After 1 August 2019, the LUV will no longer accept paper lodgements.

Maddocks is currently, with a number of other developer law firms, in discussions with PEXA about bulk vendor conveyancing and how to continue to achieve the current volume of bulk settlements in PEXA as opposed to the streamlined process in paper that developer law firms have perfected over the years.

Maddocks is a PEXA ready firm.

Authors
Bettina Sheeran | Partner
T +61 3 9258 3325
E bettina.sheeran@maddocks.com.au
Michael Wong | Associate
T
+61 3 9258 3003
E
michael.wong@maddocks.com.au

The conveyancing industry is about to get another major shake-up as Land Use Victoria (LUV) transitions to 100% digital lodgements on PEXA.

This may have substantial consequences for developers who are coming towards the income realisation and delivery stage of the property development cycle. While PEXA runs smoothly for stand-alone transactions, the industry is still adapting to bulk vendor conveyancing on PEXA.

Developers will also need to be aware of additional disbursements which may be incurred as a result of using the PEXA platform.

A summary of the LUV aspirational timeline, as published in a recent LUV Bulletin, is set out below: From 1 October 2018:

  • All settlements that can be done on PEXA must be done on PEXA.
  • All instruments or a combination of instruments available in PEXA are to be lodged electronically. Examples include a case comprising a withdrawal of caveat, discharge of mortgage, transfer and mortgage. This requirement applies to conveyancers and lawyers acting for a party or themselves and PEXA subscribers.
    LUV will only accept paper lodgements for “stragglers” and only on cases where the transfer instrument is not on PEXA, for example, transfer of lease.
  • It is the LUV’s intention for 1 October 2018 to 1 August 2019 to be the transition period. After 1 August 2019, the LUV will no longer accept paper lodgements.

Maddocks is currently, with a number of other developer law firms, in discussions with PEXA about bulk vendor conveyancing and how to continue to achieve the current volume of bulk settlements in PEXA as opposed to the streamlined process in paper that developer law firms have perfected over the years.

Maddocks is a PEXA ready firm.

Authors
Bettina Sheeran | Partner
T +61 3 9258 3325
E bettina.sheeran@maddocks.com.au
Michael Wong | Associate
T
+61 3 9258 3003
E
michael.wong@maddocks.com.au