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Loan Agreement – new matter type

Following client requests, a new Loan Agreement matter type has been added to all jurisdictions and is located in the following folders:

  • Conveyancing & Property > Mortgages > Loan Agreement (defaults to acting for the borrower)
  • Other Areas of Law > Banking & Finance > Mortgages > Loan Agreement (defaults to acting for the lender)

Loan Details table

The loan details table has been created to specifically provide the necessary fields for no security loan agreement precedents.  All these fields will automate into these precedents:

Guarantor’s subsidiary layout

When a card is entered in the guarantor’s table, a guarantor’s subsidiary layout will appear for completion.  Again, all these fields will automate into the no security loan agreement precedents:

Critical Dates

The following critical dates have been assigned as defaults to this matter type:

  • Instruction date
  • Loan agreement executed
  • Date advance anticipated
  • Funding date
  • Final instalment due
  • File review date
  • Completion / Settlement Date
  • Not proceeding date

Folders and Forms Added

The necessary LEAP folders have been created and/or shortcut to each jurisdiction (where applicable) including:

  • Initial File Setup
  • Verification of Identity
  • Relevant Revenue Office
  • Relevant Land Titles Office
  • Legal Profession Uniform Legal Practice Rule forms

A new file cover sheet has been added for each jurisdiction as follows:

  • File cover sheet – Loan agreement [LL-NSW-GEN-0082]
  • File cover sheet – Loan agreement [LL-VIC-GEN-039]
  • File cover sheet – Loan agreement [LL-QLD-GEN-027]
  • File cover sheet – Loan agreement [LL-SA-GEN-001]
  • File cover sheet – Loan agreement [LL-ACT-GEN-002]
  • File cover sheet – Loan agreement [LL-WA-GEN-007]
  • File cover sheet – Loan agreement [LL-NT-GEN-001]
  • File cover sheet – Loan agreement [LL-TAS-GEN-008]

If you would like to provide feedback on the new matter type, or request new forms or precedents, please email the content team at content@leap.com.au

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Off the Plan – new matter type

A new matter type has been released for Off the Plan which is located in the Conveyancing & Property folder > Property > Off the Plan.

This matter type is similar to the standard conveyancing matter types with the additions of the Development Details table and Off the Plan matter specific Critical Dates.

If you would like to provide feedback please do so here.

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WA – WorkCover

The following forms were updated in accordance with the WorkCover WA website:

  • Form 100 – Application for conciliation (LL-WA-PI-078)
  • Form 101 – Statement of social and financial circumstances – Conciliation (LL-WA-PI-055)
  • Form 103 – Application for order for insurer to make payment (LL-WA-PI-056)
  • Form 105 – Multiple respondent form – Conciliation (LL-WA-PI-058)
  • Form 104 – Notice of representation – Conciliation (LL-WA-PI-057)
  • Form 106 – Notice of discontinuance – Conciliation (LL-WA-PI-079)
  • Form 107 – Memorandum of consent to finalising order (LL-WA-PI-060)
  • Form 108 – Application for order and or assessment of costs – Conciliation (LL-WA-PI-061)

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New Matter Category and Types – Rural Law \ Agribusiness

LEAP are pleased to announce that with help from our clients, a new matter category has been created entitled Rural Law / Agribusiness.

Under Rural Law/ Agribusiness we have created two new matter types:

  • Purchase of Rural Property; and
  • Sale of Rural Property.

These matter types can be found under ‘Other Areas of Law > Rural Law / Agribusiness’.

 

 

 

 

 

 

 

 

 

 

 

 

These 2 new matter types have been based on the Sale/Purchase of Business, with a few tweaks.  We have also added a new layout entitled ‘Assets/Property’.  This layout is to capture the different aspects of property that can be sold/purchased with rural property and includes options such as:

  • Tools of trade;
  • Stock-in-trade;
  • Plant & Equipment;
  • Fixtures & Fittings;
  • Leasehold & Licences;
  • Brands / Ear tags;
  • Permit to occupy
  • Goodwill;
  • Livestock;
  • Encumbrance.

A total for the amounts entered will appear on the Summary page of this layout and will also display on the matter when the layout is closed.

We have kept the Calendar & Tasks dates the same as the Sale and Purchase of Business however a couple of extras have been included as a result of client feedback which are:

  • Ministerial Consent Date
  • Muster Date
  • PPSR Registration Date

All of which have confirmation tickboxes.

This new area of law is very exciting and has now been expanded to include South Australia, Western Australia, Tasmania and the Northern Territory.

For our Tasmanian, South Australian, Northern Territory and Western Australian clients if you have any feedback that you would like to make regarding either of these new matter types, or some further matter types for Rural Law, the Content team would be interested to hear from you.  We would also like your feedback as to any forms that you require us to create and code for use with these matters.  Please email content@leap.com.au and we shall be in touch shortly.

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Renaming of ‘Critical Dates’ table to ‘Important Dates’

As a result of some technical issues, it has been necessary to rename the Critical Dates Table to ‘Important Dates‘.  Any matter that currently has this Table included will automatically update to the new name.

We do not foresee this causing clients any issues and has resolved the technical problems our clients were experiencing with the New South Wales Settlement Adjustment Sheet.

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WA – Criminal

The following forms have been updated:

  • Form 20 – Appeal notice (LL-WA-CRIM-034)
  • Form 11 – Request that pending charges be dealt with (LL-WA-CRIM-032)

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WA – Civil Judgments Enforcement

The following forms have been updated:

  • Form 3 – Declaration that a person is a small business or a non-profit association (LL-WA-CIV-088)
  • Form 4 – Application to remit fees (LL-WA-CIV-0089)
  • Form 12 – Application for means inquiry by judgment debtor (LL-WA-CIV-0076)
  • Form 24 – Application by judgment creditor for enforcement order against third person (LL-WA-CIV-0082)

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WA – Supreme Court

In response to client feedback we have added the following Supreme Court mortgage recovery actions forms to LEAP:

• Form 36A – Notice to defendant of intention to request Court to make orders for possession, foreclosure or sale of mortgaged property (LL-WA-SC-0077)
• Form 36B – Request to enter default judgment in a mortgage action (LL-WA-SC-0078)
• Form 36C – Default judgment in a mortgage action (LL-WA-SC-0079)

They are located in the LEAP Forms>Supreme Court folder.

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WA – Magistrates Court Fees and General Forms

The following form was updated:

  • Form 1 – Request to inspect or obtain copy of a court record (LL-WA-MC-0093)

The following form was deleted in accordance with the WA Magistrates Court website:

  • Form 2 – Application to remit fees (LL-WA-MC-0091)

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WA – Office of State Revenue

The following forms have been updated:

  • FDA1 – Exemption for Cancelled Transactions (LL-WA-OSR-090)
  • FDA3 – Concessional rate for certain residential or business property (LL-WA-OSR-091)
  • FDA4 – Contingent Consideration (LL-WA-OSR-051)
  • FDA6 – Family Farm Exemption (LL-WA-OSR-043)
  • FDA8 – First home owner rate of duty – Indian Ocean Territories (LL-WA-OSR-072)
  • FDA9 – Application for a reduction of duty for a further first home owner grant concessional transaction (LL-WA-OSR-036)
  • FDA11 – Residential rate for transactions on or after 1 March 2011 (LL-WA-OSR-074)
  • FDA13 – Spousal Exemption (Including De Facto Partners) (L-WA-OSR-044)
  • FDA15 – Superannuation Fund Transactions (LL-WA-OSR-097)
  • FDA16 – Application for assessment or reassessment of general condition agreement – terminated on relevant grounds (LL-WA-OSR-099)
  • FDA17 – Transfer duty statement – acquisition of an authorisation or entitlement (LL-WA-OSR-082)
  • FDA18 – Transfer duty statement (LL-WA-OSR-075)

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