Latest Policy News

REIV Budget Submission

 

REIV Advocacy Agenda for the Victorian Government

 

Cladding


Cladding is an ongoing issue and REIV maintains a strong interest in this area. 

 

Estate Agents Act 1980


REIV policy positions regarding the Estate Agents Act are listed below. Amendments to the Estate Agents Act are likely to be reintroduced in the Victorian Parliament in 2019.

 

Section 55

The overly restrictive Section 55 legislation should be repealed. In its current form, many agencies – operating in both regional Victoria and metropolitan Melbourne - are financially disadvantaged by this draconian legislation.

The REIV does not consider a need to prohibit commissions when an estate agent, their representative or associated person gain an interest in a property being sold by the same agency, provided appropriate consumer protections are in place. This may be either an approved form or a cooling-off period for sellers. Any cooling-off period in such circumstances should be five business days.

 

Estate Agents Professional Conduct Regulations

 

Underquoting


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Sale of Land Act 1962


It is expected that amendments to Sale of Land Act will be introduced to the Victorian Parliament in 2019. Here you will find information about the REIV’s position to date.


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Land Tax

 


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Private Swimming Pools and Spas

 


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Small Business Regulation Review


Regulation of the Retail Sector. REIV is aware that the Victorian Government will shortly commence a review of Retail Leases Act 2003. Background information regarding REIV’s position on some of these matters is available below. This page will continue to be updated.


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RTA Regulations


Following the passage of the Residential Tenancies Act 1997 the Victorian Government will soon commence work on the Regulations for this Act. Information will be updated here.
 

30 January 2019

Late last year the Andrews Government passed the Residential Tenancies Act. The new Act is the most comprehensive change to residential tenancies in 20 years.

It is a very complex piece of legislation.  It is very important to remember that the Act has not come into effect yet. This means the Residential Tenancies Act 1997 remains the law.

The Government will be working with REIV and other stakeholders to develop a range of Regulations that sit alongside the Act and make it workable and understandable. This process has not started yet and will take some time. The Government has indicated that it expects this process could take up to 18 months, as such the new Act may not come into effect until as late as July 2020.

The REIV is working with the Government and Consumer Affairs Victoria to ensure this process is timely but also comprehensive – it’s important we get the Regulations right. Remember, we are in the box seat.

Once the Regulations are in place, the REIV will provide training to members on the changes to ensure that members have accurate information.
 

7 September 2018

The Residential Tenancies Bill passed the Parliament on 6 September 2018.
 
The commencement date of the Bill has yet to be proclaimed.  There will be a period of consultation around the regulations which will sit alongside the legislation and that could take up to 18 months.
 
The REIV will continue to advocate on behalf of our members and their clients to ensure the regulations are workable.
 
The current Residential Tenancies Act 1997 remains in place for the foreseeable future. 
 
The REIV campaigned strongly against elements of the legislation which swing the pendulum of rights overwhelmingly over to renters.

Latest RTA Changes



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Authorities Updated


The REIV is pleased to advise that the Victorian Parliament passed the amendments to the Estate Agents Act 1980 regarding Rebate Statements on 19th September 2018. It means that rebate statements used in the past, will be valid retrospectively.

In other words, members using non-conforming authorities after 19th September 2019 will not be protected by this legislation. Members must use the updated versions of the Authorities to protect their interests. 


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Owners Corporation Legislation and Regulations

 

 

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Engineers Registration Bill 2018

 


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