Lexon Insurance

Risk Alerts for firms insured by Lexon Insurance Pte Ltd ARBN 098964740, Incorporated in Singapore Reg No: 200104171C. PLEASE NOTE we cannot respond to queries.

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A step by step guide to downloading the Lexon tools from the Lexon Insurance website.

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Lexon Risk Alert 24 July 2026 – Cyber Risks: Do old accounts still have system access? Recent cyber criminal access through former staff accounts; Cyber criminals are weaponising AI – more realistic phishing and faster exploitation of system weaknesses; Lexon announces soon to be released updated Cyber + AI Risk Workshop – register your interest today; Simple steps to help protect against multi-factor authentication token theft via fake login pages.

If your practice is insured with Lexon and you are not currently receiving these risk alerts, email [email protected] to subscribe.

#RiskManagement #LawPractice #Cyber #CyberSecurity #MFA #TokenTheft

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Have you checked that you have updated your processes when publishing a notice of intention to distribute? Following the repeal of the Trusts Act 1973 (Qld), s135 Trusts Act 2025 (Qld) requires a notice of intention to apply for a grant (application for Probate) be published in the way as required by the Uniform Civil Procedure Rules 1999 (Qld), with a closing day that is at least 2 months after the day the notice is published.

Alternatively, if the notice is not included in a notice of intention to apply for a grant (application for letters of administration) it must be published in a newspaper circulating throughout the State and sold at least once each week or on a website approved for the purpose. By Queensland Supreme Court, Practice Direction Number 1 of 2026, the Chief Justice gave notice that the Public Notices section of the Queensland Reports website is an approved website for the purpose of publishing a notice of intention to distribute.

Failure to follow the process under s135 of the new Act may result in the Trustee losing the protections under s136 of the new Act.

Lexon’s Estate Administration Risk Procedure Pack was updated in March 2026 to incorporate the updated requirements in the new Act. Ensure you are using the latest Estate Administration pack by downloading it here: https://t.co/IMxdtN1n3R

#LawPractice #RiskManagement #EstateAdministration

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Does your practice use a third-party software provider (such as a practice management system) to manage your dates and tasks? When was the last time you checked that it provided the expected reminders? Regularly undertake spot checks of expected bring-ups and due dates to make sure all task and date reminders are working as expected.

Also ensure everyone in the Practice completes the Lexon Online Training - Date Systems Review: https://t.co/HII1UgNAF4. This online training assists practices in checking their existing date systems and discuss scenarios that often lead to date-related claims.

#LawPractice #RiskManagement #SoftwareProvider #DateSystems

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Lexon risk alert 1 June 2026: Immediate considerations for Federal Budget announcement affecting various interest types; Updated AI Lastcheck to carefully consider AI use including risk identification and mitigation if using AI; Conveyancing Protocol Update - new AML/CTF prompts and ACCC Merger updates; Criminal Law Pack update including public register warning and the limited scope of character evidence for sexual offences; Updated LastCheck- File Transfer; AML - are you ready?; Elder Law Pack, General Litigation Pack and Business Pack updates.

If your practice is insured with Lexon and you are not currently receiving these risk alerts, email [email protected] to subscribe.

#RiskManagement #LawPractice #FederalBudget #ArtificialIntelligence #Conveyancing #AML

[Lexon Insurance @LexonQldAlerts]

Is there a settlement, condition or deadline on your matter on 8 June 2026? As the Reserve Bank Information and Transfer System will be closed due to a public holiday being observed in most States, PEXA will not be available (incl. in Queensland) on this day.

Under s80 of the Property Law Act 2023 (Qld), settlement will automatically be the next business day. This section applies to all contracts whether entered into before or after 1 August 2025. The parties are required under s80(5) to do everything required in the ELN to enable settlement to occur on the next business day.

The parties can contract out of s80 Property Law Act 2023 so the terms of the contract should be reviewed. If the operation of s80 has been excluded or varied by the terms of the contract then consider electing to revert to paper settlement, or other options if this public holiday affects your conveyance.

If retained pre contract, consider now if the proposed settlement date is affected by this public holiday. Consideration should also be given to the availability of any third parties, as well as the potential effect on the timing of bank transfers required for the conveyance, including deposit payments.

#PEXA #QLDconveyancing #PropertyLawAct

[Lexon Insurance @LexonQldAlerts]

*Federal Budget Changes: Immediate Considerations*

Last week's Federal budget included proposed changes that may have a significant effect on various types of interests.  In particular, the proposed changes to capital gains tax (CGT), company and trust taxation, and limitations on negative gearing may alter the financial assumptions underlying some interests.

The changes may affect, for example:

- existing finance approvals or pre‑approvals, including a lender’s willingness to advance funds
- proposed family law settlements
- succession planning arrangements
- transactions that rely on current taxation settings
- transactions involving the valuation of assets

Practitioners should consider whether these changes affect any existing clients or current matters.

Where relevant, practitioners should consider recommending that affected clients obtain updated financial and tax advice.  This may assist in managing the practice's exposure in relation to that advice.

Lexon has seen claims arise where external events change a client’s position, and the client later alleges that their lawyer failed to prompt a review or recommend appropriate specialist advice.  Loss may occur where a client proceeds without appreciating the effect of the change or does not act in sufficient time to manage its consequences.

Practitioners should consider now whether to proactively contact clients who may be affected by the proposed changes and recommend prompt engagement with their financial advisers, tax advisers and financiers.

#LawPractice #RiskManagement #FederalBudget #CGT #NegativeGearing

[Lexon Insurance @LexonQldAlerts]

Lexon has released a risk alert on 26 March: Farewell to David Durham after establishing an award-winning risk management program; Trusts Act 2025 (Qld) expected to commence 28 April – multiple packs updated; Conveyancing Protocol updates, including a NEW Off-the-Plan Buyer letter for when Notice of Settlement Date is received; Claim risks when acting for Buyers in a strong property market; Are you ready for AML?; Updates to Succession packs, Business packs and LastCheck - Capacity; and more. If your practice is insured with Lexon and you are not currently receiving these risk alerts, email [email protected] to subscribe.

[Lexon Insurance @LexonQldAlerts]

If your practice or your clients might be affected by the extreme weather event, download Lexon's "Extreme Events – Law Practice Disruption Guide" available on our Other Resources page: https://t.co/6doIxkWoow

Contact Lexon to access our Help Now Program: free confidential matter triage service in emergency circumstances for insured practices: https://t.co/eA1sPzBOtV

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If you like: strategic thinking, solving challenges, managing workflow processes, fine detail and the idea of your work affecting the legal profession then this is the role for you:

https://t.co/Agbw09iD7B

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Enjoy being at the cutting edge of legal issues? Like to share latest research with the legal profession? Prefer to be out and about where every day is different? Engaging, proactive, organised, analytical, tell good stories? This role might be for you:

https://t.co/inYR7JIvSW

[Lexon Insurance @LexonQldAlerts]

This new year – thinking about your career options? Want to increase your influence in the legal profession? Want to work in a role that is completely different yet draws on your legal and communication skills?

See more details here: https://t.co/Xam4R9xROP https://t.co/DDInyIOI4P

[Lexon Insurance @LexonQldAlerts]

If your practice might be affected by the upcoming extreme weather event, download Lexon's "Extreme Events – Law Practice Disruption Guide" available on our Other Resources page.

See https://t.co/Ge2SYdTw0t

[Lexon Insurance @LexonQldAlerts]

Lexon Risk Alert 17 December 2025: ACCC Merger Control Regime - 1 January 2026 - Updates to Business Sale Pack, Commercial Transactions Pack, Leasing Risk Packs and Conveyancing Protocol. Failure to notify ACCC when required can result in penalties and acquisitions being stayed; Leasing Risk Procedure Pack updated with new warnings about the recent illicit tobacco and vape trade legislation changes including potential fines for a Lessor for permitting such trade; *NEW* NSW Wills Instructions LastCheck - for clients who reside or own assets in NSW; Are you ready for Christmas? Check these end of year considerations; and updates to the Family law Packs, Migration Law Packs, Taxation resources and more.

If your practice is insured with Lexon and you are not currently receiving these risk alerts, email [email protected] to subscribe.

#LawPractice #RiskManagement #ACCCMergerControlRegime #NSWSuccession #Leasing #Business #Conveyancing #Tobacco

[Lexon Insurance @LexonQldAlerts]

Lexon risk alert 24 October 2025: Common questions regarding the Property Law Act 2023 (Qld) including FAQs on Form 2; Updated Manufactured Homes tools with the latest changes to the Manufactured Homes (Residential Parks) Amendment Act 2024 (Qld) commencing 6 December 2025; Updated Aged Care tools with changes arising from the Aged Care Act 2024 (Cth) commencing 1 November 2025; Family Law Alert on latest claims arising from failure to protect the asset pool as well as the recent case affecting notional addbacks (see Shinohara & Shinohara [2025] FedCFamC1A 126); increased PPSR claims nationally; and updates to the Criminal Law Pack.

If your practice is insured with Lexon and you are not currently receiving these risk alerts, email [email protected] to subscribe.

#LawPractice #RiskManagement #ElderLaw #Conveyancing #PropertyLawAct #FamilyLaw #PPSR

[Lexon Insurance @LexonQldAlerts]

Lexon released a risk alert on 10 September 2025: Take 2 minutes to check - Have you been working on a task for too long? How long is too long?; Cyber Risks continue – check your controls. Book a Cyber Risk Workshop to discuss the issues that give rise to cyber events; Updated Plaintiff Personal Injury Pack including risks arising from the decision of Pearce v Waller Legal [2025] VSC 324; Updated Business Sale Packs and LastChecks and Succession Packs; and Issues to consider if you are accessing risk tools through a software provider. If your practice is insured with Lexon and you are not currently receiving these risk alerts, email [email protected] to subscribe.

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Another Lexon Property Law Tip:

Do you act in leasing matters?

Watch out for the Property Law Act 2023 (Qld) changes that significantly impact a number of key leasing issues, such as the implied terms, liability on assignment of a lease, and lessor consent requirements. Precedents should be revisited and proforma advice templates will need to be updated.

Use Lexon’s Commercial Leasing packs to help manage these issues.

[Lexon Insurance @LexonQldAlerts]

Another Lexon Property Law Tip:

If you do Seller Disclosure on an Option Agreement, you don’t have to do it again when the option is exercised? Right? Maybe.

Watch out for nominee clauses, where the Buyer in the Contract is not the same entity that was a party to the Option Agreement.

If you are acting Seller-side, also consider double checking that all Seller Disclosure requirements were fully complied with when the Option Agreement was signed.

Don’t get caught out – Lexon has a specific Option Agreements pack to help you as part of using the full Conveyancing Protocol.

[Lexon Insurance @LexonQldAlerts]

Another Lexon Property Law Tip:

When acting in a conveyance, not all issues with Seller Disclosure will give the Buyer a right to terminate.

Use the Advice to Client – Termination Issues letter, as part of the full Conveyancing Protocol, to make sure the Buyer actually has a termination right, before attempting to exercise that right.

Otherwise, the Seller may allege wrongful termination and seek significant damages and/or specific performance from the Buyer.