national standard

Victorian Attorney-General Rob Hulls announced the establishment of a new national office in Melbourne to coordinate a nationwide system, with the participation of five major banks.
But John McIntyre, president of the Law Society of NSW and a member of the project's steering committee, said harmonising property law would not be necessary to get the e-conveyancing project off the ground.
"All the states run a Torrens title system, so we still all have the same gauge railway," Mr McIntyre said. "Some might be in red trains and some might be in blue trains but at least we're all on the same track."
The only immediate change needed to the law, Mr McIntyre said, would be slight legislative changes to accommodate the move from paper to electronic data.
The e-conveyancing project, which will provide a national electronic system for property settlements, will initially be restricted to mortgage transactions between banks