Electronic Conveyancing
Property conveyancing in Australia is a State and Territory-based activity regulated by legislation enacted by the Parliament in each jurisdiction. While all jurisdictions have adopted the Torrens system of land title registration, first developed in South Australia in the mid-19th Century, the practices and procedures for registration of property interests vary among the jurisdictions.
In NSW, LPI developed the first electronic Torrens Register, introduced in 1984. To move forward from the electronic register to electronic dealings against the register, LPI is participating in a nationwide collaborative program that will deliver the most significant development in conveyancing practices since the introduction of the Torrens Title system almost 150 years ago - National Electronic Conveyancing. National Electronic Conveyancing is to be a single national facility to provide an efficient digital system for legal practitioners, conveyancers, banks and mortgage processors to:
- prepare instruments and related documents for registration of change in real property interests
- settle financial transactions
- comply with the tax and duty requirements of the relevant State or Territory Revenue Office
- lodge instruments and related documents with the relevant State or Territory Land Registry
- receive advice of the lodgment status and registration of instruments.
National Electronic Conveyancing will ultimately replace the manual paper-based systems currently used in most states, including NSW. The system will be designed to service industry and government needs across Australia.
Download a brief history of the development of National Electronic Conveyancing since 2004 (PDF 271 KB)