NECDL TAKES OVER THE DRIVING SEAT
On 1st July National E-conveyancing Development Ltd (NECDL) assumed responsibility for progressing the national e-conveyancing system in Australia.
It was always envisaged that when the requirements for NECS were pretty well settled a new entity would take over responsibility for provisioning the system. That time has now come and NECDL is the entity formed early this year in accordance with COAG determinations to make national e-conveyancing a reality. We told you about NECDL and the transition of our role to it in Issue 43. It is a company owned equally by the Governments of Queensland, New South Wales and Victoria and governed by a board of directors nominated by its owners and key industry stakeholder associations.
You can follow the path that has brought us to this point on our website. It hasn’t always been a smooth ride but the constructive input and enthusiastic cooperation from stakeholders, large and small, has enabled us to give NECDL a sound basis to work from. For that we thank you most sincerely.
The Chairman of NECDL, Alan Cameron, believes that this point marks the transition to a new and fruitful stage in delivering a national e-conveyancing system for Australia. He said the company aims to develop an e-conveyancing system that is national, secure and sustainable that picks up from the substantial development work we have done. Marcus Price, who has joined the company as its CEO with a project management and IT background, will lead this stage.
Recognising the work done so far, Mr Cameron said: “There are many strong believers in the benefits of a national e-conveyancing system, but none more so than Simon Libbis who has led NECO. Simon has driven the thinking around the many issues that face such a system and delivered what is now a substantial body of knowledge on e-conveyancing. He has been well supported by many stakeholder groups and particularly the National Project Team.”
“I would like to personally thank Simon for his tenacity and vision as Executive Director of NECO. I would also like to pay tribute to the National Project Team for its important contribution”, Mr Cameron said.
Marcus Price has advised that he is well under way with the next phase for the work which involves a much stronger commercial focus. He is, however, at pains to point out that the company is not starting again but picking up from where work has got to so far.
Talking about the company’s intention, Mr Price said: “NECDL’s business plan for its initial phase will include an assessment of the current intellectual property on hand from all sources – including that held by Victoria – as well as the regulatory environment needed to sustain e-conveyancing across Australia.
“It is expected that the plan and its key findings, including a governance and funding model, will be available in October 2010 and we will be seeking your feedback”, he said.
Recognising that ongoing industry and interest group consultation is critical to any program in this area, the company will be providing an update on its progress to all stakeholders via a web-cast on 20 July 2010 (12 noon AEST). It is one of several updates the company plans to deliver by web-cast over the next few months. Full details of how to access the web-casts will be sent to you shortly. In the meantime, you might like to put this first date in your diary. The web-casts will also be available on demand if this date and time doesn’t suit you. Any questions or comments you have can be directed toinfo@necd.com.au.
NECDL is well positioned to reach the next milestone of the journey - provisioning of the system. We wish it every success in its endeavours and trust that you will continue your support for this important national initiative. This will ensure that in the near future we will have a truly national electronic system that delivers benefits to all participants in the conveyancing process and contributes to securing a seamless national economy for Australia.
