On 1 December 2014, the Property Occupations Act 2014 (Qld) and the Land Sales and Other Legislation Amendment Act 2014 (Qld) commenced which enacted various changes to pre-existing and off-the-plan residential property purchases. The principal changes are: 1. Real Estate Agent Commissions Perhaps the most interesting change to the industry is the deregulation of agent commissions. Under the previous legislation, the maximum commission a real estate agent could charge with respect to a purchase or sale of residential property was calculated as a percentage of the sale price stated in the Contract (5% of the first $18,000.00 and 2.5% of… Continue Reading
Executor’s Checklist
Locate the deceased’s Last Will & Testament Confirm you have been appointed the executor of the estate and check whether the Will contains any wishes of the deceased concerning their funeral arrangements or burial. Liaise with a funeral director regarding funeral arrangements ensuring you have confirmed the following: The estate has sufficient funds to pay for the funeral. If the funds have been frozen or there are insufficient funds, please refer to the Frequently Asked Questions; The manner in which the funeral home will require payment and how/when payment is required to be made; and Whether the deceased has funeral… Continue Reading
9 Tips On Buying A Property
Purchasing a home or an investment property on the Gold Coast (or anywhere for that matter) can be both an exhilarating and stressful experience for the parties involved. Our Property Lawyers have put together this list of helpful tips to consider before you sign on the dotted line which will hopefully save you from the stresses involved with buying a property: Before you sign a contract, make sure the purchasing entity is correctly described. Talk to your banker or accountant before you sign a contract to make sure the purchasing entity is correctly described. In particular, if you’re obtaining finance,… Continue Reading
You cannot avoid estate litigation even if you feel you have the perfect Will. Every person has a right to contest the terms of a Will or Codicil, no matter how careful you are in drafting it. Whether that person will be successful is a different matter and the amount of legal fees expended will depend on what action you took in drafting your will, whilst alive, to minimise the risk of litigation. If you anticipate your estate will be contested after you die, there are some factors you can take into consideration in an attempt to reduce the risk,… Continue Reading
Members of the public are often presented with “Do-It-Yourself” Will kits from a variety of sources which are provided at little or no cost. The preparation of what is presumed to be a straightforward document for minimal expense, in comparison to the fee which would need to be paid to a lawyer to meet with you and prepare a traditional form of Will, can turn out to be a costly decision for your estate. The uncertainty of meaning, and the oversight and omissions which frequently plague such documents provides a fertile ground for estate litigation. Some common difficulties arising with… Continue Reading
What Is Meant By Probate?
Probate is derived from the word “prove”. It is a process whereby the Supreme Court becomes satisfied that the will of a person who has died is the correct last will of the deceased and issues a certificate to that effect called probate. Once the Court issues probate of a will, the probate can be produced to any interested party who will then deal with the executor named in the will knowing that they are dealing with the person who has authority to deal with the assets of a deceased person. An executor is not required to apply for probate… Continue Reading
Newsletter – Spring 2013
Welcome to the October 2013 edition of the ABKJ newsletter. In this issue… New Gold Coast law places obligations on waterfront property owners Circumstances Changed? – Consider your will Staff Announcements New Gold Coast law places obligations on waterfront property owners A new Gold Coast local law imposes obligations on the owners of waterfront properties, and has significant implications for both the sellers and purchasers in the event of a sale of such a property On 11 June 2013, Gold Coast City Council enacted a new local law which created new obligations for waterfront property owners. The purpose of the… Continue Reading
Newsletter – Winter 2013
Welcome to the Winter 2013 edition of the ABKJ newsletter. In this issue… Firm Announcements Unclaimed money – Do you have any? ABKJ congratulates Mr Brian Cronin Firm Announcements ABKJ is pleased to announce two changes at the firm. Firstly, Anthony Kyle (known as Tony), has been promoted from Associate Solicitor to Partner of the firm. Tony is a Queensland Law Society Business Law Accredited Specialist who practises in the areas of commercial and business law, property law, body corporate law and succession law. Tony will join existing partners, Michael Kyle and David Brown. Secondly, the firm is pleased to… Continue Reading
Newsletter – December 2010
Welcome to the December 2010 edition of the ABKJ newsletter. In this issue… Case in point: A lady’s got my dingo Neighbourhood Disputes Resolution Bill 2010 To ‘tweet’ or not to ‘tweet’? Case in point: A lady’s got my dingo A landmark case highlights the importance of legislated regulations that protects Australian fauna and flora Under the Nature Conservation Act 1992, the dingo is declared an indigenous Australian species, with sections 17 and 62 instructing that dingoes cannot be interfered with in a protected area unless specific permissions have been granted. Jennifer Louise Parkhurst, 43, of Rainbow Beach was found… Continue Reading
