Conveyancers (Qualifications, Experience and Fees) Amendment Regulations 2016

Authorised by the Chief Parliamentary Counsel Authorised Version i Conveyancers (Qualifications, Experience and Fees) Amendment Regulations 2016 S.R. No. 87/2016 TABLE OF PROVISIONS Regulation Page 1 Objective 1 2 Authorising provision 1 3 Prescribed qualifications for conveyancers 1 ═══════════════ Endnotes 4 -- 1 of 5 -- Authorised by the Chief Parliamentary Counsel Authorised Version 1 STATUTORY RULES 2016 S.R. No. 87/2016 Conveyancers Act 2006 Conveyancers (Qualifications, Experience and Fees) Amendment Regulations 2016 The Governor in Council makes the following Regulations: Dated: 19 July 2016 Responsible Minister: MARLENE KAIROUZ Minister for Consumer Affairs, Gaming and Liquor Regulation ANDREW ROBINSON Clerk of the Executive Council 1 Objective The objective of these Regulations is to amend the Conveyancers (Qualifications, Experience and Fees) Regulations 2008 to prescribe new competency qualifications for the purpose of section 12 of the Conveyancers Act 2006. 2 Authorising provision These Regulations are made under section 188 of the Conveyancers Act 2006. 3 Prescribed qualifications for conveyancers In regulation 5 of the Conveyancers (Qualifications, Experience and Fees) Regulations 2008 1 — -- 2 of 5 -- Conveyancers (Qualifications, Experience and Fees) Amendment Regulations 2016 S.R. No. 87/2016 Authorised by the Chief Parliamentary Counsel 2 (a) before paragraph (aa) insert— "(aaa) successful completion of each of the following units of competency set out in the BSB - Business Services Training Package published on the website Training.gov.au maintained by the Commonwealth as in force from time to time— (i) BSBCNV501 Take instructions in relation to a transaction; (ii) BSBCNV502 Read and interpret a legal document and provide advice; (iii) BSBCNV503 Analyse and interpret legal requirements for a transaction; (iv) BSBCNV504 Prepare legal documents; (v) BSBCNV505 Finalise the conveyancing transaction; (vi) BSBCNV506 Establish and manage a trust account; (vii) BSBCNV601 Identify and conduct searches; (viii) FNSORG601 Negotiate to achieve goals and manage disputes;"; (b) in paragraph (aa), after "successful completion" insert ", by 20 July 2016,"; (c) in paragraph (b), for "paragraph (aa)(vi) or (a)(iii)" substitute "paragraph (aaa)(vi), (aa)(vi) or (a)(iii)"; -- 3 of 5 -- Conveyancers (Qualifications, Experience and Fees) Amendment Regulations 2016 S.R. No. 87/2016 Authorised by the Chief Parliamentary Counsel 3 (d) in paragraph (d), for "paragraph (aa)(vi) or (a)(iii)" substitute "paragraph (aaa)(vi), (aa)(vi) or (a)(iii)". ═══════════════ -- 4 of 5 -- Endnotes Conveyancers (Qualifications, Experience and Fees) Amendment Regulations 2016 S.R. No. 87/2016 Authorised by the Chief Parliamentary Counsel 4 Endnotes 1 Reg. 3: S.R. No. 48/2008 as amended by S.R. No. 73/2012. —— Table of Applied, Adopted or Incorporated Matter The following table of applied, adopted or incorporated matter is included in accordance with the requirements of regulation 5 of the Subordinate Legislation Regulations 2014. Statutory rule provision Title of applied, adopted or incorporated document Matter in applied, adopted or incorporated document Regulation 3 Business Services Training Package BSB Version 2.0 published by the Commonwealth and Innovation and Business Skills Australia and endorsed by the Australian Industry and Skills Committee on 12 October 2015. BSBCNV501 Take instructions in relation to a transaction BSBCNV502 Read and interpret a legal document and provide advice BSBCNV503 Analyse and interpret legal requirements for a transaction BSBCNV504 Prepare legal documents BSBCNV505 Finalise the conveyancing transaction BSBCNV506 Establish and manage a trust account BSBCNV601 Identify and conduct searches FNSORG601 Negotiate to achieve goals and manage disputes -- 5 of 5 --