Conveyancers' responsibilities

Conveyancers must follow legal procedures when preparing and processing documents for the transfer of property from one person to another.

A conveyancer may only act on behalf of both parties in certain circumstances - eg if the two parties are related or they are in business partnership together. But a conveyancer must not act for both parties if they have a conflict of interest in relation to the transaction.

On this page

    Trust accounts

    You need to deposit funds you have received from your clients into a trust account. The account needs to be approved by Consumer and Business Services (CBS) and be held in a bank, building society or credit union.

    You must:

    • keep all records of trust money
    • issue detailed receipts
    • arrange for accounts and records to be audited every year.

    Audit check list

    Professional indemnity insurance

    Conveyancing businesses must have professional indemnity insurance from a company approved by CBS.

    You need to show proof of the insurance when you renew your registration each year - eg a copy of the insurance certificate. Employees usually don't need to lodge insurance if covered by the employer.

    To obtain or renew insurance contact:

    Wayne Trezona, Principal
    Insurance Advisernet
    conveyancingsa@iaa.net.au
    08 8410 2990
    0424 186 151

    Changes that will affect your registration

    Notify CBS within 14 days if you have committed an offence or have had legal restrictions placed on your work or business - eg bankruptcy, financial receivership, or suspended registration.

    You will also need to advise CBS when you:


    Related information

    On this site

    Conveyancer registration

    Other websites

    Contact CBS

    Online: Contact CBS

    Phone131 882

    In person:
    91 Grenfell Street
    Adelaide

    Post:
    GPO Box 1719
    Adelaide SA 5001


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    Page last updated 1 April 2019

    Provided by:
    Attorney-General's Department
    URL:
    https://www.sa.gov.au/topics/business-and-trade/running-a-business/conveyancers-responsibilities
    Last Updated:
    01/04/19
    Printed on:
    22/10/19
    Copyright statement:
    SA.GOV.AU is licensed under a Creative Commons Attribution 4.0 Licence. © Copyright 2019
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