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ARTICLE · 23 NOVEMBER 2006

Victorian E-Conveyancing Proposals

Victoria is piloting electronic conveyancing. At this stage the proposals are limited to electronic settlements and the rest of conveyancing practice will remain unchanged. The Victorian Department of Sustainability and Environment have released consultation drafts of documents relating to this Electronic Conveyancing System (EC System).

AustraliaFinance and Banking

On 21 August 2006 the first ever electronic lodgement of a discharge of mortgage occurred in Victoria.

Victoria is piloting electronic conveyancing. At this stage the proposals are limited to electronic settlements and the rest of conveyancing practice will remain unchanged.

The Victorian Department of Sustainability and Environment have released consultation drafts of documents relating to this Electronic Conveyancing System (EC System). Submissions were invited by 17 November 2006. The discussion documents are available at click here

The Victorian system is conducted outside the National Electronic Conveyancing System (NECS) Steering Committee. Victoria recognises that NECS needs to conduct a comprehensive evaluation of the Victorian EC System to make a decision on whether the Victorian EC System is suitable nationally. It is likely that the Victorian system will provide a base for any national model developed by NECS and so it is important that the mortgage industry

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