Pri­or­i­ty notices: Pru­dent or impractical?

With the dead­line for manda­to­ry e-con­veyanc­ing fast approach­ing, con­veyanc­ing in New South Wales has unequiv­o­cal­ly entered the dig­i­tal age.

And while the change from ?'paper' con­veyanc­ing to online plat­forms gives prac­ti­tion­ers the oppor­tu­ni­ty to stream­line their ser­vices and poten­tial­ly pass on costs sav­ings to clients, it also cre­ates new poten­tial prob­lems – one of the most pro­nounced of which is fraud.

It is thought that pri­or­i­ty notices will be a use­ful tool in the respon­si­ble e-conveyancer's armoury – if gen­uine land trans­ac­tions are flagged by a pri­or­i­ty notice, it is hoped that iden­ti­fi­ca­tion of poten­tial­ly fraud­u­lent trans­ac­tions will be quick­er and easier.