Be prepared for 100% electronic conveyancing on October 11!
The Registrar General has announced a major step in the transition away from paper-based registration of land titles in NSW, commencing 11 October 2021.
From 11 October 2021, two significant changes are happening to the land titles system in NSW:
- the cancellation of Certificates of Title (CTs) and the control of the right to deal (CoRD) framework; and
- all land dealings must be lodged electronically, referred to as ‘100% eConveyancing’.
These changes are being made under the Real Property Amendment (Certificates of Title) Act 2021.
What does this mean for the lawyers and conveyancers?
By order under section 33AAA of the Real Property Act 1900, from cessation day all current CTs will have no legal effect and the Registrar General will no longer issue CTs for any reason. This means that from 11 October 2021, NSW Land Registry Services (NSW LRS) will not be able to accept Certificates of Title (CTs) and Real Property Act dealings presented as the NSW Lodgment Office or via post.
From 11 October 2021, paper dealings will no longer be accepted for lodgment and only electronic dealings will be accepted. Electronic dealings can be lodged by a subscriber to an Electronic Lodgment Network Operator, such as PEXA. Subscribers are typically lawyers, licensed conveyancers, banks and government departments. The full list of electronic dealings that are acceptable for lodgment can be found in the Schedule of eDealings.
Complimentary on-demand Webinar with NSW Land Registry Services to answer your questions
Hear about the changes happening to the NSW Property industry through Dye & Durham’s complimentary webinar. Rafe Berding, Chief Customer Officer invited Ahmed El-Ali, eConveyancing Manager and Christopher Trent, Product Development Manager from NSW Land Registry Services to talk about the changes that are happening from 11 October and how firms can prepare themselves.
NSW Land Registry Services Property Protection Toolkit
NSW Land Registry Services have provided the following complimentary eBrochures to help you understand more on Priority Notices and the three newly streamlined Caveats.
- Priority Notices Industry Brochure – developed in conjunction with industry for industry
- Priority Notices Consumer Brochure – for consumers to learn more about Priority Notices
- How to protect your home & property investments – for consumers to learn more about how they can minimise the risk of property-related fraud using a Caveat