Saturday, October 13, 2007

LTO Fees - paper vs electronic



Is our government ripping off the public? The new frontier of electronic conveyancing is beckoning and we are getting a sneak preview of the proposed fees under the new electronic regime. The government spins the spin that electronic conveyancing will lower the costs of conveyancing. But the facts are now on the table.

The fees on the left are for paper lodgement.

The fees on the right are for electronic lodgement.

There are no monetary savings using electronic, just a financial penalty for the consumer if they continue with paper lodgement. Electonic lodgement fees are the old paper lodgement fees and over the counter charges are 20 to 30% increases which the consumer has to pay. Go figure? It smacks of monopolistic behaviour. Are government dealings regulated by ACCC?

Refer Google Spreadsheet for the fees

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