It looks like UK and Australia are in step with the government land registries introducing electronic conveyancing.
Australia's national e-convyancing project is focused on settlements, electronic lodgment of dealings such as transfers &mortgages and the simultaneous online transfer of settlement funds.
A brief description in a UK release is "all conveyancing for people buying and selling property in England and Wales could be carried out electronically by 2009. Under the new system solicitors will no longer have to send paper documents, such as contracts, to each other through the post, but will be able to transfer them instantly electronically".
This sounds a bit like the UK system may bit a bit more embrasive if it includes electronic contracts. The Australian system specifically does not include the contractual phase.
Parliamentary Under Secretary of State for Constitutional Affairs Baroness Ashton of Upholland said in a written statement to the Lords that electronic conveyancing could be made compulsory in England and Wales by 2009 or 2010.
A prototype of the system is being tested by solicitors in Portsmouth and Bristol this year, and a wider pilot scheme will be carried out during the second half of 2007.
The latest UK programme milestones. E-Conveyancing at a glance
Australia's timetable is much the same.
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