In this task, you are required to prepare a register of controlled money movements for a sale of a property located at 56 Hilltop Drive, Melbourne, Victoria 3000. Please include all the relevant information such as the name and address of the person on whose behalf the controlled money is held, details to identify the matter, and changes to the information.

Please use the following steps to complete this task:

1. Read the scenario provided and familiarise yourself with the details of the buyer and seller.
2. Use the provided form, or a similar one that is applicable to your state, to prepare the register of controlled money movements for this sale.

Form: Record of Controlled Money Movements Rule 64 Legal Profession Uniform General Rules 2015

https://lsbc.vic.gov.au/sites/default/files/2020-02/Form-Record_of_controlled_money_movements-2017.pdf

1. Ensure that you include all the required information, such as the date of the transaction, receipt number, account name, amount of money deposited, interest received, and any payments made from the controlled money account.
2. Once completed, upload the form.

Scenario

You are a conveyancer at ABC Conveyancing, and you have just completed a sale for a property located at 56 Hilltop Drive, Melbourne, Victoria 3000. The sale involved a transfer of controlled money, and you have received the funds on behalf of the seller. As per the regulations, you need to maintain a register of controlled money for the transaction.

Client Details

The details of the seller are:

Name: John Smith

Address: 56 Hilltop Drive, Melbourne, Victoria 3000

Phone number: 03 1234 5678

Email address: j..h@email.com

Occupation: Business owner

Date of birth: 1st January 1975

Driver's license number: XYZ1234567

Passport number: ABC123456789

Tax file number: 123-456-789

Bank account details: BSB 123456, Account Number 78901234, Account Name J. Smith Pty Ltd

The details of the buyer are:

Name: Emily Davis

Address: 10 Sunshine Blvd, Melbourne, Victoria 3000

Phone number: 03 9876 5432

Email address: e..s@email.com

Occupation: Teacher

Date of birth: 15th March 1986

Driver's license number: DEF9876543

Passport number: XYZ0987654321

Tax file number: 987-654-321

Bank account details: BSB 987654, Account Number 32109876, Account Name E. Davis and J. Davis Joint Account

List of transactions

This is a list of the transactions:

Received initial deposit of $50,000 from buyer on 1st March 2023

Received balance of sale funds of $650,000 from buyer on settlement date of 1st April 2023

Paid outgoings on behalf of seller, including rates and taxes, totaling $5,000 on 15th March 2023

Transferred remaining funds of $695,000 to seller on settlement date of 1st April 2023

Received interest payment of $500 on 30th April 2023

Received notice of property insurance payment of $1,000 on 15th May 2023

Made payment of $1,000 from controlled money account to property insurance provider on 20th May 2023

Please try to make the control money movement record in the format as per the link given in the scenario