FAQ 67 Can I use ‘and/or nominee on my property contract?

CONSULT A LEGAL PROFESSIONAL FOR A DEFINITIVE ANSWER.

The answer to this question depends on the state but in any case it is not recommended.

In Victoria is is permissible to use ‘and/or nominee’
If the transaction is in Victoria then we recommend that before using this that you consult with a lawyer for advice.
In other states DO NOT USE IT . DOUBLE STAMP DUTY MAY BE CHARGED

These articles from the web describes the situation:
http://www.vickiphilipoff.com.au/download/2007%2008%2003vickiphillipoff(3).pdf
http://www.tml.com.au/LiteratureRetrieve.aspx?ID=70347

It is for this reason that we emphasize time and time again the importance of being MARKET READY. Please read FAQ 27 for information about being market ready.

/faq-27-what-does-being-market-ready-really-mean/

When a trust is purchasing the property use ‘XYZ Pty Ltd ATF ABC Family Trust’ on the purchase contract.

Michael & Sara
Ultimate Coaches