Below are examples of how we assess claims for compensation for loss of trust money or trust property. These examples are based on real claims we have previously assessed. Some details have been changed to protect the privacy of the claimants.
Conveyancing is work carried out in connection with certain property transactions including, for example, the sale of a freehold interest in land or the grant of a mortgage. Conveyancing work may be performed by lawyers and by people who are not lawyers. Non-lawyers wishing to carry on a conveyancing business for fee or reward must be licensed by the Business Licensing Authority and comply with other requirements under the Conveyancers Act 2006 (Vic).