Course Title: Obtain and analyse all information for the transaction

Part B: Course Detail

Teaching Period: Term2 2008

Course Code: LAW5142C

Course Title: Obtain and analyse all information for the transaction

School: 650T TAFE Business

Campus: City Campus

Program: C5180 - Diploma of Financial Services (Conveyancing)

Course Contact : Joanne Mackay

Course Contact Phone: +61 3 9925-5540

Course Contact

Name and Contact Details of All Other Relevant Staff

Nominal Hours: 60

Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.

Pre-requisites and Co-requisites


Course Description

This unit describes the function associated with gathering, analysing and evaluating all relevant data for the transaction following confirmation of initial instructions from the client.

National Codes, Titles, Elements and Performance Criteria

National Element Code & Title:

FNSCONV601A Obtain and analyse all information for the transaction


Deal with third parties and other professionals.

Performance Criteria:

complete relevant assessments


Evaluate issues arising with transaction.

Performance Criteria:

complete relevant assessments


Identify information needs.

Performance Criteria:

complete relevant assessments


Perform relevant document searches and investigations.

Performance Criteria:

complete relevant assessments


Present information relevant to the transaction to the clients.

Performance Criteria:

complete relevant assessments

Learning Outcomes

On completion of this course students should be able:

  •  To demonstrate a complete appreciation of documents in use in the conveyancing transaction such as the contract note, contract of sale and vendor’s statement and the relevant legislation and cases that apply to their interpretation.
  • In addition mastery of other related topics will be expected including the real estate industry, consumer legislation, requisitions and searches.

Details of Learning Activities

Students are expected to attend class and engage in weekly learning activities in relation to each topic. Preparation and review time should be allocated outside class so that there is successful completion of all assessments.

There is a research assignment or auction report to present in the last few weeks of semester. Preparation for this task should begin from week 8 to allow ample time to attend auction or do research.

Teaching Schedule

Week Beginning Topic and Assessment

Week 1 – 7 Jul                 Introduction – REVISION – course outline and discussion
Week 2 – 14 Jul              Commonly used forms of contracts of sale of land,
Week 3 – 21 Jul              Cooling-off, Section 32 Statements (section 3 manual)
Week 4 – 28 Jul              Contravention of Section 32 and consequences
Week 5 – 4 Aug               Deposits, Finance Clauses.
Week 6 – 11 Aug             Insurance issues 30% Case study test – LIV v Maric
Week 7 – 18 Aug             Insurance, Real Estate Industry.
Week 8 – 25 Aug             Real Estate Industry (attend auction/ start research in next 2 weeks)
              Mid Semester Break (Student Vacation) – 1 to 5 Sept
Week 9 – 8 Sept              Auction report research
Week 10 – 15 Sept         Misdescription and requisitions (section 2 manual),
Week 11 – 22 Sept         Statutory Certificates and adjustments.
Week 12 – 29 Sept         Terms Contracts
Week 13 – 6 Oct             Breach of contract
Week 14 – 13 Oct           Domestic Building legislation, Illegal structures, Consumer legislation (section 5 manual)
Week 15 – 20 Oct           Major test – Open Book – 40%
Week 16 – 27 Oct           Auction/research Presentations-30% (all students to attend)
Week 17 – 3 Nov            Auction/research Presentations-30% (all students to attend)
Week 18 – 10 Nov         Review/ resits

Learning Resources

Prescribed Texts

The Conveyancing Process resource manual published by TAFE VC available at the bookshop


Estate Agents Act 1995

Estate Agents (Professional Conduct) Rules 1999

Estate Agents (Contracts) Rules 1999

Sale of Land Act 1962

Transfer of Land Act 1958

Other Resources


CCH, Victorian Conveyancing Law Practice, available online in the RMIT library

 Land Titles Office The Lodging Book

Wikrama Voumard - The Sale of Land 5th edition Law Book , soon to be online in the library.

Libbis, S and Murphy, S ConveyanceWorks, Law Crest

Overview of Assessment

Assessments may include: short in class exercises, class tests, question and answer activities, assignments and open book exams.
Students will be provided with formative feedback to establish their progress in the course and identify areas which need more work.

Assessment Tasks

CASE STUDY TEST                           WEEK 6           30%
MAJOR TEST                                      WEEK 15         40%

Assessment Matrix

To pass this course students must satisfactorily complete all assessment and have a total mark of not less than 50%.

Assessment will be graded according to the following mark table:
0-49 Fail
50-59 Pass
60-69 Credit
70-79 Distinction
80-100 High Distinction

Other Information

It is the student’s responsibility to note the policies relating to plagiarism, late/ missed assessments special consideration, and other relevant student information contained, on the Hub and in your diaries.

Course Overview: Access Course Overview