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ARTICLE · 09 FEBRUARY 2013

E-conveyancing to be a critical change for the property industry

Colin Biggers & Paisley
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The Electronic Conveyancing National Law forms the basis of a national scheme for electronic property conveyancing.

AustraliaReal Estate and Construction
Gary Newton
Gary Newton
Nancy Yu
Nancy Yu

In brief - E-Conveyancing commencing in April 2013

In November 2012, the Electronic Conveyancing National Law passed in New South Wales. The significance of this change to the property industry should not be underestimated.

The new law forms the basis of a national scheme for electronic property conveyancing. Other states are either to adopt the national law or enact corresponding legislation. Similar laws are now imminent in Victoria and Queensland.

All participants in property transactions will be able to transact online

The new law means that eventually, land registries, financial institutions and practitioners will be able to transact together, online, legally, in the finance, purchase and sale of property.

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