The National Steering Committee held its second meeting in Sydney on 24 February 2006 and approved the program of work that will lead to a decision about implementing a National Electronic Conveyancing System (NECS) by the end of this year. The work program includes an extensive period of consultation with government and industry participants in all States and Territories as well as four independent consultancies to advise on special aspects of the NECS.
National Consultation
The Steering Committee approved a change to the way consultation will be organised. Instead of having four forums made up of Land Registries, Revenue Offices, Financial Institutions and Legal Practitioners/Conveyancers as was originally provided for in the National Governance Arrangements, the forums are now to be based upon the major processes in using the NECS to complete a transaction.
The four forums are to be:
User Identification, Accreditation and Training, focusing on who can use the NECS and what the pre-requisites are.
System Access and Usage, focusing on the rules applying to users of the NECS and how it will be used.
Lodgment Process and Security, focusing on the preparation of dealings and instruments and assuring their integrity and security prior to lodgment with a Land Registry
Settlement Process and Payments, focusing on the preparation and execution of financial settlements as well as the payment of fees when a settlement is not available
Source Electronic Conveyancing in NSW - Newsletter No. 14
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment