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Lodging and search fees from 1 July 2020 – no change
As advised in Customer Information Bulletin 203 (May 2020), fees for lodging instruments at Land Use Victoria (LUV) will not change in the new financial year.
Search fees from 1 July 2020 also remain unchanged.
Comprehensive fee listings and fee calculators are on our fees, guides and forms page.
Water Register prescribed fees from 1 July 2020 – no change
Application fees for dealings with water shares and to trade water allocations will not change in the new financial year.
The 2020-21 prescribed fees are on the water register website here: https://waterregister.vic.gov.au/about/forms-and-fees/fees
Generic residual document ‘Record-Notice - Transfer of Land Act - Section 104’– nomination of Certificates of Title
If the folios(s) referred to in the paper instruments attached to a generic residual document ‘Record-Notice - Transfer of Land Act – Section 104’ require the Certificate(s) of Title to be nominated, the Subscriber must ensure that the nomination is lodged before submitting the generic residual document as outlined in Customer Information Bulletin 202.
If a nomination has not been provided, transaction(s) will be refused by LUV and will have to be relodged through PEXA.
LUV is experiencing a high volume of generic residual documents lodged without the necessary prior nominations of Certificate(s) of Title, leading to delays in processing.
COVID-19 Omnibus (Emergency Measures) Act 2020 and COVID-19 Omnibus (Emergency Measures) (Electronic Signing and Witnessing) Regulations 2020
The above Act and Regulations came into effect on 25 April 2020 and 12 May 2020 respectively.
The Act and the Regulations have limited application to Land Registration Services. In particular:
- They do not vary or override the requirements in the Transfer of Land Act 1958 and Subdivision Act 1988 that instruments be lodged in an approved form. Approved forms have their own signing and witnessing requirements that have not been varied.
- They do not vary or override existing requirements relating to verification of identity.
- For any supporting documents including deeds and agreements, lodging parties will need to satisfy themselves that they have complied with the Act and Regulations and, if applicable, the Electronic Transactions (Victoria) Act 2000.
State Revenue Office streamlines Duties Online
The State Revenue Office has published updated information about changes to its Duties Online process from 22 June.
- Pre-population of the Digital Duties Form, reducing a seven-step process to a single ‘Calculate duty’ step.
- An additional 10 complex transaction types can be assessed.
There is an article, video and further information here: https://www.sro.vic.gov.au/news/streamlined-duties-online-save-you-time
Page last updated: 11/11/20