All Topics / The Treasure Chest / and/or nominee clauses

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  • Profile photo of williwilli
    Participant
    @willi
    Join Date: 2002
    Post Count: 186

    Just wondering if someone could shed some light on which states the and/or nominee clause is allowed?

    Cheers
    Pete

    …Beware of the dreamtakers…

    Profile photo of davidfemiadavidfemia
    Member
    @davidfemia
    Join Date: 2003
    Post Count: 89

    Hello Willi,

    WA is one of them..

    David Femia

    Femia Property Group
    Property Investment Consultants
    http://www.femiapropertygroup.com.au

    Profile photo of williwilli
    Participant
    @willi
    Join Date: 2002
    Post Count: 186

    I know VIC is and QLD isn’t

    …Beware of the dreamtakers…

    Profile photo of SooshieSooshie
    Member
    @sooshie
    Join Date: 2002
    Post Count: 974

    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”

    Profile photo of williwilli
    Participant
    @willi
    Join Date: 2002
    Post Count: 186

    Ok…so whats the verdict on TAS & NSW???

    Anbody out there have the answer? You might win some saucepans?

    Pete

    …Beware of the dreamtakers…

    Profile photo of hilaryhilary
    Member
    @hilary
    Join Date: 2002
    Post Count: 146
    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    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
    [email protected]

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

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

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