and/or nominee clauses

Viewing 7 posts - 1 through 7 (of 7 total)

willi
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@willi
Join Date: 2002
Post Count: 186
June 4, 2003 - 9:40 am
Just wondering if someone could shed some light on which states the and/or nominee clause is allowed?
Cheers
Pete
…Beware of the dreamtakers…
davidfemia
Member
@davidfemia
Join Date: 2003
Post Count: 89
June 4, 2003 - 10:06 am
Hello Willi,
WA is one of them..
David Femia
Femia Property Group
Property Investment Consultants
http://www.femiapropertygroup.com.au
willi
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@willi
Join Date: 2002
Post Count: 186
June 4, 2003 - 10:07 am
I know VIC is and QLD isn’t
…Beware of the dreamtakers…
Sooshie
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@sooshie
Join Date: 2002
Post Count: 974
June 4, 2003 - 10:58 am
Hi Pete,
I believe that in Vic the and/or nominee clause is still allowed IF you have prior written agreement with the other party (the and/or nominee part). I’d be interested to see if this is different to what I thought.
Cheers
Sooshie []
“Giving is a Blessing, receiving is the bonus”
willi
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@willi
Join Date: 2002
Post Count: 186
June 4, 2003 - 11:16 am
Ok…so whats the verdict on TAS & NSW???
Anbody out there have the answer? You might win some saucepans?
Pete
…Beware of the dreamtakers…
hilary
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@hilary
Join Date: 2002
Post Count: 146
June 5, 2003 - 12:32 am
NSW is no go.
Terryw
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@terryw
Join Date: 2001
Post Count: 16,213
June 5, 2003 - 2:25 am
I beleive what Sooshie says in regard to Vic is correct, but have heard this has changed recently.
I haven’t tried it in NSW, but one of my clients was advised by a solicitor that it would be ok if the nominee was your trust/company or a relative.
Terryw
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Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
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Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au