Sale of business - conveyancers

If you have completed the following 6 units of competency to qualify for a conveyancer's licence, a condition will be placed on your licence which restricts the work you can undertake to conveyancing work for real or personal property.

• FNSCONV501B - take instructions in relation to a conveyancing transaction
• FNSCONV502B - prepare, analyse and execute documents
• FNSCONV503B - establish, manage and administer trust accounts
• FNSCONV504B - finalise conveyancing transactions
• FNSCONV601B – obtain and analyse information for a conveyancing transaction
• FNSICORG603B – negotiate to achieve goals and manage disputes.

If you would like to qualify to apply for the condition on your licence to be removed, so that you can also engage in conveyancing work for the sale of businesses, you will need to complete the bridging course approved by the Business Licensing Authority (BLA).

An individual may apply to the BLA for a ‘sale of business' restriction condition to be removed from their licence where they have completed:

• the bridging course, or
• the following units of competency:
  • FNSCNV501A -Take instructions in relation to a transaction
  • FNSCNV601A - Identify and conduct searches
  • FNSCNV502A - Read and interpret a legal document provide advice
  • FNSCNV504A - Prepare legal documents
  • FNSCNV505A - Finalise the conveyancing transaction
  • FNSCNV506A - Establish and manage a trust account
  • FNSCNV503A - Analyse and interpret legal requirements for a transaction
  • FNSORG501A - Negotiate to achieve goals and manage disputes