Attorney-General Philip Ruddock today expressed disappointment in the failure of the states and territories to cooperate in efforts to create a national electronic conveyancing system.
"The same jealousies that resulted in different rail-gauge widths in the 19th century are sabotaging a national electronic conveyancing system in the 21st century," Mr Ruddock said.
"I have been pressing for the states and territories to focus on the need for a national electronic conveyancing system for some time. A national electronic conveyancing system would remove red tape for business and lower costs for home buyers."
The Victorian Government has developed a pilot electronic conveyancing system.
"It is now being reported that Victoria has not yet shared its system with the other states to see if it can be used nationally," Mr Ruddock said.
"As a result, the private sector has lost confidence in the ability of the states and territories to deliver a national system."
"I am extremely disappointed that the failure of states and territories to cooperate has undermined such an important project."
The Australian Government has monitored the development of NECS through the Standing Committee of Attorneys-General (SCAG).
"While I recognise that NECS involves a range of ministers, I am disappointed that the Victorian Attorney-General has been unable to provide leadership on such an important national issue."
"I call on the states and territories to work together in the national interest and make a national electronic conveyancing system a reality."
This is a media release issued by AG Phil Ruddock 3/9/07
Tuesday, September 04, 2007
Monday, September 03, 2007
Banks drop conveyancing pilot
The AFR reports the major banks had walked out of Victoria's electronic conveyancing system, known as ECV, which was to begin operating in November.
Without the bank's support there is no ECV.
The banks have invested heavily in ECV on the condition that it would be used as a model for the national system. The report continues the banks have become increasingly frustrated by a lack of dialogue between Victoria and the other states. They withdrew because Victoria has still to make its software available to the national body NECO.
In a letter to NECO, the Australian Bankers Association called for a national project team to be set up to improve co-operation. "Only through a national project ... can banks and other stakeholders approach a NECO project with confidence that there is one project, one process and one national outcome. Without this the banks will not be able to recommit to work on a project that lacks any certainty of a national roll-out or application"
Bendigo Bank is one of the few entities still in talks with the Victorian Government about the state's electronic conveyancing system (ECV).
Extracts from Australian Financial Review Matthew Drummond 3/9/07
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Without the bank's support there is no ECV.
The banks have invested heavily in ECV on the condition that it would be used as a model for the national system. The report continues the banks have become increasingly frustrated by a lack of dialogue between Victoria and the other states. They withdrew because Victoria has still to make its software available to the national body NECO.
In a letter to NECO, the Australian Bankers Association called for a national project team to be set up to improve co-operation. "Only through a national project ... can banks and other stakeholders approach a NECO project with confidence that there is one project, one process and one national outcome. Without this the banks will not be able to recommit to work on a project that lacks any certainty of a national roll-out or application"
Bendigo Bank is one of the few entities still in talks with the Victorian Government about the state's electronic conveyancing system (ECV).
Extracts from Australian Financial Review Matthew Drummond 3/9/07
copy articles
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