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Privacy Principles and Its Impact on Industry : Report

   

Added on  2020-07-22

28 Pages9736 Words25 Views
Identify and conductsearches

Table of ContentsINTRODUCTION...........................................................................................................................11. Process of taking new clients in organization and elements which they need to bring withthem.............................................................................................................................................12. New privacy principles and its impact on industry ................................................................23. Policy or procedures required during uncertainty in identity of client...................................34. Cost of title search and who do need to contact......................................................................45. Documents required for transfer of title and related cost........................................................46. Requirements for first home buyers and benefits they are eligible for...................................67. Components of land register book..........................................................................................68. Difference between register search and final search as well as elements of search................79. Difference between searching process to investigation of title...............................................810. Acquisition of copy of new property land title and suggestion to James by writing a letter911. Awareness while buying a land and business elements to considered................................1011A. Statement needs to be given while sale of business.........................................................1112. Five aspects which not be recorded on title.......................................................................1113. Suggestion to a client on renovation and garage that was built four or eleven year agowhile selling his\her house........................................................................................................1114. Explanation on lodge a caveat and remove a caveat...........................................................1215. Outcomes and technique of achieving target after agreement between client and agent foracting on behalf.........................................................................................................................1316. Outcomes of not having PI and PL insurance and place for acquiring this........................1317. Role of section 34 in all properties and process adopted by purchaser to avoid this contract...................................................................................................................................................1418. Professional involved in conveyance..................................................................................1419. Regulation and compliance changes...................................................................................1520. Changes in conveyance by putting yourself in a person place............................................15

21. Techniques of ensuring that there is absence of errors made in transaction.......................1522. Role of S34 in all dwellings and procedure followed by purchaser for avoiding contract.1623. Is there any changes in legal position of purchasers due to sale of land act from caveatemptor to caveat vendor by incorporating section 32...............................................................1624. Deposit be released notwithstanding the purchaser has not authorised the release orobjected.....................................................................................................................................1725. Sebastian do anything to force Patrick to release the deposit ............................................1726. Type of fees can Fee notices be used for...........................................................................1727. Registration of a dealing effected under the Property Law Act..........................................1728. Criteria for concession eligibility.......................................................................................1728 A. Value to which the exemption or concession (above) applies........................................1829. GST payable on the rent received for a commercial property and who is responsible forpayment.....................................................................................................................................1831. Due fees and documents required for a plan of subdivision...............................................1932. Five ways a covenant can be removed and explain the difference between a covenant anda caveat......................................................................................................................................19CONCLUSION..............................................................................................................................21REFERENCES..............................................................................................................................23REFERENCES .............................................................................................................................26

INTRODUCTIONBusiness laws are cluster of various types of norms, beliefs and acts on the basis ofdifferent sections, rules or regulations in order to create an environment free from fraudulentactivities, crimes, wrongful acts and several exploitation. However, legal bodies of UK areplaying a major role in preventing individuals from frauds by enacting different types of lawswhich are applicable as per the demand of situation. In fact, each and every person of societymust consider essential acts or fundamental rules designed under constitution in order to livetheir life more comfortably or legally (Afuah and Tucci, 2012). Along with this, they mustfollow necessary terms of legitimate bodies while running their day to day activities as well aswork. Thus, assignment is going to highlight necessary formalities which must be considered byan individual and organization during transferring of title as well as possession. Moreover, aneffective registration process that is followed by entire community is also outlined in this project.Additionally, essential elements of business selling, procedure of transferring title, stages ofinsurance, its significance and roles of different legal members in title conversion are going to beframed in this assignment. Hence, it has been analysed that fulfilment of legal formalities isindispensable for reducing the chances of fraudulent activities because it may hamper the life ofcommon people and discourage them. Last but not the least, overall report is showing a majorimpact of distinct identity acts, norms or laws which is applicable on individual, common peopleand whole corporate world in order to run their job role in much better way. 1. Process of taking new clients in organization and elements which they need to bring with themAn organization needs to follow an effective procedure while entering a new consumerin an organization for minimizing the chances of frauds and confusions. Basically, it is highlyindispensable to consider necessary terms or conditions while introducing a property to specificpurchaser (Armstrong and et. al., 2011). Thus, as per the common law, buyer needs to covercertain building for enhancement from day of sale but in current time frame, legitimate body ismodifying this circumstance. Therefore, an effective process of appointing new client isdescribed as follows: Sharing templates with consumersDesign structure folders and sub-folders1

Needs to configure client permissionOptions to documentation of appropriate processHence, above process is used by company for taking new customers in an association.Apart from above steps, some other additional phases are also considered while conducting thisprocess. (Source:- Sculthorp, 2017)As per graphical representation, it has been identified that proper stepsare followed bythe organization by considering necessary facts or figures. Along with this, mandatory things that needs to consumer to bring with them arehighlighted below:- Legal documents if available any,Personal verification documentCertificates FormsAll these above components requisite during participating into contract or dealings (Battelle,2011). 2. New privacy principles and its impact on industryLegal bodies are implementing various appropriate acts for preventing confidentialinformation from exploitative person as well as hackers. Along with this, number of frauds areidentified which always try to misuse the private data of specific identity. Therefore, usefulprinciples are determined by legitimate bodies for defending several facts or figures related with2Illustration 1: A Guide To Client Onboarding

distinct individuals. Thus, some of the mandatory principles of privacy are going to be explainedfurther: Lawfulness, fairness and transparency: - According to this factor, it is essential todisclose the subject whatever data is going to be processed. Along with this, needs to befair by fulfilling the necessary legal terms. It means an effective process needs to betested under GPDR. Purpose limitation: - As per this term, an organization needs to use specific informationfor major purposes which is mentioned in article 5 clause number 1 (b). It means beforeusing confidential facts, an association needs to take prior consent (Biggs and et. al.,2013). Data minimization: - Information which was accumulated must need to be precise,relevant or limited as well as gathered whatever is required instead of unusual. Accuracy: - As per article 5 clause number 1 (d) up to date and accuracy needs to bemaintained. Storage limitation: - In this article 5 clause number 1 (e) expressed that personal dataneeds to be maintained in that form which allows identification of information subjectsfor specific time period. Integrity and confidentiality: - According to this element, processors need to manageeffective content in an appropriate way. Hence, it has been analysed that above six privacy principles provide high level ofoverview of specific areas which are covered by new regulation. 3. Policy or procedures required during uncertainty in identity of clientIn today's scenario it has been observed that number of fraudulent activities are identifiedat workplace for gaining maximum benefit by harming others. Basically, an appropriate processneeds to be conducted while occurrence of uncertainty in identity of client as well as property(Borucki and et.al., 20). Therefore, initial step is to verify necessary documents for identifyingthe wrongful conduct due to which legal bodies are encountering number of issues or problems.Along with this, an enterprise or identity handler needs to follow specific procedure or propersteps to conduct verification process in much better way. Therefore, mandatory documentsrequisite for identity confirmation are mentioned below:- 3

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