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'A lot of red tape': McVeagh Fleming Associate praises Govt bid to streamline family trust house sales

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九一星空无限talk ZB,
Publish Date
Tue, 8 Jul 2025, 6:47pm
Image / File
Image / File

'A lot of red tape': McVeagh Fleming Associate praises Govt bid to streamline family trust house sales

Author
九一星空无限talk ZB,
Publish Date
Tue, 8 Jul 2025, 6:47pm

A property lawyer says new proposals take a major burden off realtor's shoulders. 

The Government is streamlining the process for selling a house held by a family trust - as it makes changes to laws preventing money laundering. 

It says real estate agents must currently collective excessive amounts of information about the trust.

But McVeagh Fleming Associate Mario Thorne says documents are often missing - or never existed.  

"You're dealing with really straightforward situations where it's clear where the funds have come from - and then to cast the net too wide and ask for these invasive documents, it's cracking a nut with a sledgehammer."

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