In brief
On 1 August 2019, Land Use Victoria mandated that nearly all
land transfer transactions, including complex stamp duty
transactions, must now be lodged and managed online which, for
complex transactions, results in additional time being required for
settlement.
What you need to know
For complex land transfer transactions, lawyers and conveyancers
were traditionally required to prepare evidentiary material setting
out why the matter was complex and explaining what exemption or
concession should be applied to a particular case. This information
was then uploaded to the Duties Online workspace for consideration
and determination by the State Revenue Office.
Under the new regime, the same evidentiary material is provided
to the State Revenue Office through an Electronic Lodgement Network
Operator (ELNO) such as PEXA. Upon receipt, the State Revenue
Office sets the settlement date for the transfer as the date in
which they will have completed the assessment
