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NSW Business Sale & Purchase

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Conveyancing and Property – Settlement Adjustment Sheets – All States

The following forms have been relocated to the Conveyancing and Property > Settlement Documents folder for each state and territory:

  • Settlement Adjustment Sheet [LL-NSW-PR-686]
  • Settlement Adjustment Sheet (OLD) [LL-NSW-PR-642]
  • Settlement Statement [LL-QLD-PR-309]
  • Settlement Statement (OLD) [LL-QLD-PRP-276]
  • Statement of Adjustments [LL-VIC-PR-509]
  • Statement of Adjustments (OLD) [LL-VIC-PR-045]
  • Settlement Adjustment Sheet [LL-ACT-PR-314]
  • Settlement Adjustment Sheet (OLD) [LL-ACT-PR-301]
  • Settlement Adjustment Sheet [LL-TAS-PR-029]
  • Settlement Adjustment Sheet (OLD) [LL-TAS-PR-027]
  • Settlement Statement [LL-NT-PR-189]
  • Settlement Statement (OLD) [LL-NT-PR-0135]
  • Settlement Statement [LL-WA-PR-140]
  • Settlement Statement (OLD) [LL-WA-PR-100]
  • Settlement Statement [LL-SA-PR-131]
  • Settlement Statement (OLD) [LL-SA-PR-0084]

The following form has been replaced by the relevant form above:

  • Settlement Adjustment Sheet_2x [LL-NSW-PR686]

The Settlement Adjustment Sheet forms have also been shortcut to each states’ and territories’ Settlement Documents folder within the Business & Franchise > Purchase/Sale of Business and Business & Franchise > Agribusiness > Sale/Purchase of Rural Property folders.

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NSW – Property details layout

 

Some unused and out of date Fields have recently been removed from the NSW Property layout as follows:

Street Directory Map number Grid reference
Nearest cross street Side of street Frontage
Depth Purpose Locality

The updates provide a cleaner layout for efficient and easier user completion.

Client feedback was obtained prior to removal of the fields.  You can provide any further feedback for improvements to NSW Conveyancing matters here.

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NSW – Settlement Adjustment Sheet (SAS) to be removed from 31 March 2018

The SAS (LL-NSW-PR377) was superseded by the NEW SAS (LL-NSW-PR642) on 30 June 2016 (more than 18 months ago).

The NEW SAS has been improved since its initial release.  Some benefits of the NEW SAS include:

  • Retention of adjustments within the ribbon – removing the need to redo adjustments if information incorrectly entered for example or the Adjustment Date is updated.
  • Rent/Occupation Fees have been reworked to allow for correct adjustment of each.
  • The ability to do more than one water usage adjustment without the adjustments reverting – again removing the need to redo water usage adjustments if the Adjustment Date is updated.

Please see LEAP Communities for Information Sheet on using the Settlement Adjustment Sheet.

We need to remove the old SAS because:

  • It is unfeasible to maintain two separate SAS forms.
  • As it is not being maintained it will become out of date, particularly in regard to Legal Rates.
  • We want to assist clients with improved workflow and the NEW SAS achieves this by retaining adjustments within the ribbon.
  • Use of the NEW SAS will assist clients with a smooth transition with LEAP Content’s future projects for advancement of this form.

Any existing Settlement Adjustment Sheets you have saved in your matters can still be used.