Land Victoria Customer Information Bulletin Lodging fees from 1 July 2016 From 1 July 2016, fees for lodging transactions at Land Victoria will change. Some search fees will also change. The value of a fee unit, as announced by the Treasurer on 14 April 2016, is $13.94. These fees are the result of the Subdivision (Registrar’s Fees) Regulations 2016 and Transfer of Land (Fees) Regulations 2016, which come into effect on 1 July 2016. Comprehensive fees guides will soon be published. A summary of the most common fees follows: Transfer of Land Act 1958 Paper transactions Fees for paper transactions from 1 July 2016 will be: Discharge of mortgage $112.60 Transfer of land $92.70 plus $2.34 per $1000 of consideration (up to a consideration of $1.5m) Mortgage $112.60 Caveat $46.30 Transfer (non-monetary) $92.70 Withdrawal of caveat $46.30 Transmission application $46.30 Survivorship application $46.30 Electronic transactions Fees for electronic transactions from 1 July 2016 will be: Discharge of mortgage $104.30 Transfer of land $84.20 plus $2.34 per $1000 of consideration (up to a consideration of $1.5m) Mortgage $104.30 Caveat $37.80 Transfer (non-monetary) $84.20 Withdrawal of caveat $37.80 Subdivision Act 1988 From 1 July 2016 Plan of subdivision $583.80 plus $180.50 per parcel (a parcel is each lot, road, reserve and common property created by the plan). Search products
Lodging fees from 1 July 2016 Land Victoria Customer Information Bulletin From 1 July 2016, fees for lodging transactions at Land Victoria will change. Some search fees will also change. The value of a fee unit, as announced by the Treasurer on 14 April 2016, is $13.94. These fees are the result of the Subdivision (Registrar’s Fees) Regulations 2016 and Transfer of Land (Fees) Regulations 2016, which come into effect on 1 July 2016. Comprehensive fees guides will soon be published. A summary of the most common fees follows: Transfer of Land Act 1958 Paper transactions Fees for paper transactions from 1 July 2016 will be: Discharge of mortgage $112.60 Transfer of land $92.70 plus $2.34 per $1000 of consideration (up to a consideration of $1.5m) Mortgage $112.60 Caveat $46.30 Transfer (non-monetary) $92.70 Withdrawal of caveat $46.30 Transmission application $46.30 Survivorship application $46.30 Electronic transactions Fees for electronic transactions from 1 July 2016 will be: Discharge of mortgage $104.30 Transfer of land $84.20 plus $2.34 per $1000 of consideration (up to a consideration of $1.5m) Mortgage $104.30 Caveat $37.80 Transfer (non-monetary) $84.20 Withdrawal of caveat $37.80 Subdivision Act 1988 From 1 July 2016 Plan of subdivision $583.80 plus $180.50 per parcel (a parcel is each lot, road, reserve and common property created by the plan). Search products
FINAL-to-be-published-Customer-Information-Bulletin-157.docx