Important Client Information
At Core Conveyancing Solutions, we are committed to making your property transaction as smooth and transparent as possible. From time to time, changes to Australian legislation affect the information we are required to collect and the processes we must follow when acting on your behalf.
This page provides important information about those legal requirements, including Verification of Identity (VOI), Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) obligations, our Privacy Policy, and vendor requirements. It also contains helpful information about Transfer Duty (Stamp Duty), foreign purchaser surcharge duty, first home buyer concessions, and other matters that may affect your property transaction.
We encourage you to refer to this page throughout your conveyancing journey. If you have any questions about the information below or how it applies to your circumstances, please don't hesitate to contact our office—we're here to guide you every step of the way.Privacy Policy
Protecting your personal information is extremely important to us.
The information you provide throughout your conveyancing matter, including information collected for Verification of Identity and AML/CTF compliance, is handled in accordance with our Privacy Policy and applicable privacy legislation.
Anti-Money Laundering & Counter-Terrorism Financing (AML/CTF)
From 1 July 2026, conveyancers and lawyers are required to comply with Australia's Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) legislation.
As part of these obligations, we must complete Verification of Identity (VOI) and Customer Due Diligence (CDD) checks before we can act on your behalf.
Depending on your circumstances, we may ask you to provide:
Government-issued identification.
Information about the source of your funds or wealth.
Details regarding the purpose of your transaction.
Information about anyone acting on your behalf.
These requirements apply to all conveyancing firms throughout Australia and help protect clients and the Australian property market from fraud and financial crime.
Please note that we are legally unable to continue acting for you if the required AML/CTF information is not provided.
Foreign Resident Capital Gains Withholding (FRCGW)
If you are selling Australian real property, you will be required to provide a Foreign Resident Capital Gains Withholding Clearance Certificate issued by the Australian Taxation Office.
This certificate allows settlement to proceed without the purchaser withholding part of the sale proceeds for tax purposes.
If you are an Australian tax resident selling property, we recommend applying for your Clearance Certificate as early as possible to avoid delays to settlement.
Verification of Identity (VOI)
Before we can act on your behalf, we are required to verify your identity in accordance with Australian property laws and the participation rules for electronic conveyancing.
Verification of Identity (VOI) helps protect property owners from identity theft and property fraud by ensuring that the correct people are buying, selling or dealing with land.
For your convenience, we use a secure online verification system. Shortly after you engage our office, you will receive an email containing a secure link to complete your identity verification and above Customer Due Diligence (CDD) checks.
Depending on your circumstances, you may be asked to provide:
Australian Birth Certificate or Citizenship Certificate
A current Australian Driver Licence
Australian or Foreign Passport
Medicare Card
Change of Name or Marriage Certificate (if applicable)
Residency Documents & Movement Records (for Permanent Residents)
Please ensure your identification documents display your full legal name and that your name matches on all documents.
If you have any difficulty completing your VOI, please contact our office and we will be happy to assist.
Transfer Duty (formerly Stamp Duty)
When purchasing property in New South Wales, buyers are generally required to pay Transfer Duty.
The amount payable depends on a number of factors, including:
The purchase price
Whether you're buying residential, commercial or vacant land
Whether you're eligible for any concessions or exemptions
Whether you are an Australian citizen, permanent resident or foreign person
Transfer Duty is generally payable on settlement and is arranged as part of your conveyancing transaction.
Our team will calculate your duty, prepare the necessary documentation and lodge it with Revenue NSW on your behalf.
If you are considered a foreign person under New South Wales legislation, you may be required to pay Foreign Purchaser Surcharge Duty in addition to Transfer Duty.
Whether this surcharge applies depends on your individual circumstances and residency status.
If you believe you may be a foreign person, or you're unsure whether the surcharge applies to you, please let us know as early as possible. We can help determine whether additional duty may be payable and discuss any requirements relevant to your purchase.
If you have any questions regarding duty or your eligibility for concessions, we are happy to discuss your circumstances.
Helpful links:
Buying Your First Home?
If you're buying your first home, you may be eligible for a transfer duty exemption under the First Home Buyer Assistance Scheme.
Depending on your eligibility and the value of the property, you may receive:
A full exemption from Transfer Duty; or
A reduced amount of Transfer Duty.
Eligibility depends on several factors, including:
Whether you meet the first home buyer eligibility requirements.
The purchase price of the property.
Whether the property will become your principal place of residence.
Whether you satisfy the residency requirements set by Revenue NSW.
We will assess your eligibility and prepare the necessary applications on your behalf as part of your conveyancing transaction.
Every purchase is different, and we're here to answer your questions along the way.
If you're thinking about buying your first home, we'd love to help.
Helpful links: