Stamp Duty

Digital Duties has arrived in Victoria

Luciana Ignatiadis, Principal, Network Lawyers

17 July 2017

Electronic conveyancing just got real for practitioners operating in Victoria. Anyone adopting the trusty head-in-the-sand technique has been issued with a rude awakening.

Practitioners now need to complete a Digital Duties Form (DDF) for any matter where the contract is entered into on or after 1st July 2017.

The DDF replaces a long list of State Revenue forms and is designed to capture all elements of the transaction that may affect duty payable.

BUT what if you are one of many practitioners who has always engaged your settlement agent to process duties on your behalf? You may not even be registered for Duties Online.

If this is you then the introduction of the DDF is likely to be causing you grief.

Practitioners now need to complete a Digital Duties Form (DDF) for any matter where the contract is entered into on or after 1st July 2017.

Network Lawyers is here to help. In fact, we have made it our business to assist practitioners in making a smooth transition to electronic processes.

As a registered Duties Online user, we can complete this form on your behalf.

Simply notify the other side that Network Lawyers is acting on your behalf and email us:
• Your client’s email address and date of birth
• Particulars Page of the Contract
• Notification of any nominations or concessions

We’ll take it from there. We will ensure the form is completed and that a Settlement Statement can be produced at settlement. We’ll provide you with a Digital Duties Reference number that you can forward on to your bank.

Easy peezy!

If you would like further information please don’t hesitate to
call us on 03 9679 5855 or email us at info@networklawyers.com.au

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