Compliance and Legislation News

A large numbers of Acts and Regulations impact the property industry in NSW. 

You’ll find the latest compliance and legislation news and updates from REINSW below. 

Clamping down on tax evasion

Purchasers will have to withhold GST on the purchase price of new residential premises from 1 July 2018.

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Agent safety obligations unfair and dangerous

REINSW CEO Tim McKibbin has labelled fire safety obligations imposed on real estate agents as dangerous and unfair.

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Game-changing reforms pass

The real estate reform Bill that will lift education standards across the real estate profession has been passed.

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Beware misuse of stock images

Are you using copyright-free images for your social media and website? Find out three things you can you do to avoid potential problems.

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REINSW CEO warning

REINSW CEO Tim McKibbin is warning members to be careful about inaccurate information about the training reforms.

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Updates to Planning Act begin 1 March 2018

Legislative updates to the Planning Act begin on 1 March 2018.

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Agent education standards to increase 600%

Education standards will lift by 600 per cent as the path to professionalism is progressing.

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NCAT can hear interstate cases again

Interstate parties to a residential tenancies dispute can now have the matter heard and resolved at NCAT.

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REINSW submission on electronic contracts

REINSW has made a submission in response to a Discussion Paper on digital technology and electronic signatures.

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75% fail NSW Fair Trading audit

75% of real estate agencies failed to comply with NSW Fair Trading legislation in Sydney’s west as part of a targeted audit.

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Training reforms moving ahead

Real estate training reforms passed this week is a generational change and result of REINSW lobbying.

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25% of homes have no working smoke alarms

Research by Fire & Rescue NSW revealed that 25% of NSW residents don't have working smoke alarms

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Buyers' agent case appeal allowed

NSW Court of Appeal overturned a Supreme Court decision which found a buyers’ agent had breached the Australian Consumer Law.

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Defects bond scheme has begun

Home buyers will be better protected with the introduction of the new Strata Building Bond and Inspections Scheme (“the Scheme”).

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New building fire safety laws have begun

New laws to enhance fire safety in high-rise buildings came into force on Monday 18 December.

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NCAT Christmas and New Year's arrangements

NCAT will hold its last hearing on 22 December 2017 for all Divisions except for the Guardianship Division.

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Strata bond defects to begin 1 January 2018

Developers of strata buildings will be required to lodge a bond with NSW Fair Trading from 1 January 2018.

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Is there a loophole in the new strata laws?

Does strata's new legislation have a potential loophole that allow lot owners to ignore NCAT orders?

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Email consent form added to RTA

REINSW has added its email consent form to the RTA to assist in protecting members.

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Have your say on Training Package

Have your say on changes to the real estate training package.

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