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VIC - Land Use Victoria - changes to Transfer of land forms

avatarLEAP
Land Use Victoria have advised that new requirements for creating restrictive covenants in transfers and restrictions in plans which comes into effect on 1 July 2018. Customer Information Bulletin 177 states -

"In the Registrar's Requirements for Paper Conveyancing Transactions Version 4, requirement 12.2 provides that:

The details of any restrictive covenant to be created in a transfer:

(a) for which any contract of sale is signed on or after 1 July 2018; or

(b) when there is no contract of sale, the transfer is signed on or after 1 July 2018;

must be contained in a Memorandum of Common Provisions (MCP) or MCPs and referred to in the transfer by the MCP number(s)."

We are currently working on the changes relevant to the Transfer of Land document. For further information about restrictions in plans, please see Customer Information Bulletin(No. 175) at Land Use Victoria.    

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Blog Article: VIC - Land Use Victoria - changes to Transfer of land forms