Current Duties and Foreign Surcharge Issues – Andrew Rider, Barrister, Level 22 Chambers 

• Recent legislative and administrative developments. 
• Emerging duties risks from option transactions. 
• Foreign purchasers and owners – hidden surcharge traps in plain sight. 

Managing off-the-plan sales contracts – Vanya Lozzi, Partner, Holding Redlich 

This session will provide insight into the duties for supporting clients who purchase property via an off-the-plan contract.  

Getting your practice ready for AML reforms – Carol Prasad, Professional Support Solicitor, Legal Regulation, Law Society of NSW 

In this anti-money laundering (AML) and counter-terrorism financing session Carol Prasad will discuss matters that a captured property lawyer will need to start thinking about to comply with obligations as part of AML reforms.   

At the end of this session, you will understand:  

• The basics of money laundering and terrorism financing and AUSTRAC’s dual role as regulator and Financial Intelligence Unit. 
• Some ways in which criminals can use real estate to launder money. 
• What an AML risk assessment can look like and how to apply these measures to your practice.  
• How to take stock of your current systems and processes to enable you to undertake a gap analysis. 

Legal ethics for property lawyers – Paul Monaghan, Senior Ethics Solicitor, Law Society of NSW 

This session will cover a selection of significant decisions, and examine the effects of recent legislation:

• The Strata Schemes Legislation Amendment Act 2024, in terms of its implementation of 31 recommendations from the 2021 statutory review of the Strata Schemes Development Act 2015 and the Strata Schemes Management Act 2015.
• The amendments to the Community Land Management Act 2021 and Community Land Management Regulations 2021.
• The Strata Managing Agents Legislation Amendment Act 2024, which provides a new legislative regime for disclosure and reporting by strata managing agents.