The process of transferring the legal title of property from a seller to a buyer is conveyancing. Conveyancing can also include the process of creating other legal interests in land, such as a mortgage, a lease, or an assignment of lease.
On 1 July 2012 the definition of "conveyancing work" in section 4 of the Conveyancers Act 2006 was amended in order to allow licensed conveyancers to engage in the legal work connected with the sale of business. This includes legal work connected with the sale or purchase of goodwill and stock-in-trade and the transfer of any relevant business licence or permit.
A conveyancer is a person or company, other than an Australian legal practitioner, who carries on a conveyancing business for a fee or reward. This applies even if conveyancing is not the main purpose of the business.
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Last updated: 19/03/2013