Wednesday, April 19, 2006

New Zealand 100% e-lodgement 2008

The New Zealand Government has announced that 100% electronic lodgement will be phased in by 1 July 2008.

There appears to be encouraging signs of wider adoption of electronic dealings as more firms are making the transition.

Here's the link to the announcement and feedback

Roadmap for 100% e-lodgement

Key dates

The withdrawal of paper-based lodgements, and move to 100% electronic lodgement via Landonline, will be phased in gradually, commencing with Discharges:
1 May 2007 Discharges
1 Aug 2007 All Transfer & Mortgage types currently e-dealing capable
1 Sep 2007 Survey lodgements
1 Jul 2008 All remaining Title transactions

Recently published by the New Zealand Law Society Property Section are e-dealing worklow guidance for solicitors April 2006. This gives a overview of the NZ system of which the Australian NECS model will have many similarities.

NZ Property Law Section e-Dealing links to useful papers

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