A conveyancer’s licence allows the licence holder to do certain legal work in relation to property transactions, such as:
- a sale or lease of land
- a sale of a business
- the grant of a mortgage or other charge on property.
Conveyancing work can involve the preparation of documents such as leases and contracts, giving advice on conveyancing documents, exchanging sale contracts, organising surveys and building inspections, arranging registration of title documents and attending settlement.
If you’re a licensed conveyancer with an unrestricted licence you can work on residential and commercial property conveyancing, preparing and advising on mortgages, the sale of businesses and the sale of rural property. If you have a restricted licence, you’re limited to doing work relating to specific kinds of transaction eg. residential conveyancing.
A conveyancer is not authorised to carry out work for the purpose of:
- a non-residential mortgage exceeding $7 million
- commencing or maintaining legal proceedings
- establishing a corporation or varying the memorandum or articles of association of a corporation
- creating, varying or extinguishing a trust
- preparing a testamentary instrument
- giving investment or financial advice
- investing money (other than in a trust account in accordance with Part 5 of the Act).