Tuesday, March 31, 2009

COAG's report card for national electronic conveyancing

22. A National Electronic Conveyancing System A single electronic system for completing real property transactions and lodging land title dealings for registration in Australia

COAG’s Business Regulation and Competition Working Group has published its 2009 Annual Report Card on progress towards a "seamless national economy".

  • COAG to agree the form of the new legal entity for an e-conveyancing system by mid-2010. 
  • Subject to States and Territories settling funding, new entity to be established and new Board appointed by September 2010. 
  • Nationally uniform business processes to be agreed by September 2010. Any legislative changes to be enacted and all related transitional arrangements completed by early 2011. 
  • New electronic conveyancing system to commence by end-2011.

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