Simone Cooper

What Conveyancing Involves

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• Land title law

• Property law

• Contract law

• Stamp duty and taxation requirements

• Mortgages and securities

• Identity verification requirements

• Electronic conveyancing and settlements (PEXA)

• Land Titles Office procedures

• Planning and local government regulations

• Council compliance and approvals

• Building and occupancy records

• Water and sewerage authority requirements

• Privacy and trust accounting obligations

• Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) compliance​

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• Verifying client identity using prescribed procedures

• Understanding the source of funds used in property transactions

• Understanding the source of wealth where required

• Conducting client due diligence and risk assessments

• Identifying beneficial owners and controlling parties

• Monitoring transactions for suspicious activity

• Maintaining AML/CTF records and compliance documentation

• Applying enhanced due diligence for higher-risk clients or transactions

• Reporting suspicious matters where required under legislation

• Developing and maintaining AML/CTF compliance programs

• Undertaking ongoing AML/CTF training and compliance reviews

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• Reviewing contracts and special conditions

• Investigating title, ownership and property risks

• Conducting council, planning and compliance checks

• Ordering and interpreting property searches

• Managing legal documents and disclosure requirements

• Coordinating banks, agents, buyers, sellers and government authorities

• Verifying identity and authority to transact

• Undertaking AML/CTF due diligence and compliance checks

• Managing mortgages, discharges and refinancing requirements

• Calculating adjustments, rates, taxes and duties

• Arranging electronic settlement

• Completing settlement

• Finalising utility and service adjustments

• Registering ownership changes and mortgage documents

• Ensuring post-settlement compliance and record keeping

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A conveyancer is part property law specialist, part project manager, and part compliance officer, ensuring that property transactions are not only legally correct but also compliant with identity verification, electronic settlement and anti-money laundering requirements.