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LPLC: How thorough are you?

LPLC: How thorough are you?

By Law Institute Journal

Contingency Legislation 


Properly advising a purchaser client at the start of a matter is good risk management. The new federal government CGT withholding regime, which started on 1 July 2016, is a timely reminder to keep up to date on legislative changes so thorough advice can be given to purchasers of real estate. You can find more information about the new CGT regime in the LPLC website bulletins. Failure to properly advise a purchaser is one of the most costly mistakes in conveyancing. Poor communication is often the cause of these claims. In busy and high-volume practices, issues that arise because of poor communication can be multiplied due to the volume of work. Poor communication claims can also arise where practitioners give off-the-cuff advice. See the LPLC blog “Communicate better to avoid claims”.

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