National electronic conveyancing (NEC)
National electronic conveyancing (NEC) provides a single system for online completion of real property transactions and lodging land title dealings throughout Australia.
Electronic Conveyancing allows practitioners and financial institutions to lodge and settle conveyancing transactions in an electronic workspace provided by an Electronic Lodgement Network Operator (ELNO).
This electronic platform enables parties:
- collect transaction information and have it checked and verified for completeness and compliance
- prepare instruments and reports to register changes in property ownership and interests
- settle financial transactions, including payment of duties, taxes and disbursements
- comply with the tax and duty requirements of revenue offices
- lodge instruments with the Lands Titles Office and receive confirmation of their lodgement and registration.
The Future of eConveyancing
The Office of the Registrar-General recently undertook a preliminary stakeholder consultation program to gather industry feedback about the future of eConveyancing in South Australia.
The Registrar-General got feedback from 27 interested parties, primarily through in person consultation sessions. The responses from this consultation program will provide the basis for further industry discussions and help inform future decision making.
A summary and complete version of the Stakeholder Consultation Report from this consultation program is available. Property Exchange Australia (PEXA) have provided responses to questions raised by stakeholders during the initial consultation program.
The Future of eConveyancing Consultation Feedback
The Office of the Registrar-General would like to thank all participants who engaged in the recent consultation program on the future of eConveyancing, including the online survey and public forum on 22 August 2018. The feedback from this process has been collated in the Future of eConveyancing Stakeholder Consultation Report .
The Registrar General's presentation on the current state of eConveyancing in South Australia from the Future of eConveyancing Forum is available for download.
For more information on eConveyancing in South Australia or the Future of eConveyancing Stakeholder Consultation Report, please contact the Office of the Registrar-General.
Property Exchange Australia
To find out more, including information on becoming a subscriber in Property Exchange Australia (PEXA) visit www.pexa.com.au.
Electronic conveyancing has been the catalyst for the introduction of significant changes to conveyancing requirements.
The reforms outlined below streamline processes and strengthen the integrity of the conveyancing practice, as e-commerce and an online presence develop. These reforms apply to documents lodged in paper or electronically.
Verification of Identity
Practitioners are required to take reasonable steps to verify the identity of each party to a conveyancing transaction.
Verification of Authority
Practitioners will not only need to verify the identity of their clients but also verify the client's authority to enter into the conveyancing transaction.
A Client Authorisation is a document whereby a client authorises a practitioner to act on their behalf in a land transaction. Conveyancers or legal practitioners will sign specified instruments on behalf of their client in accordance with the completed Client Authorisation.
A Priority Notice is an administrative notice lodged against a Certificate of Title or Crown Lease to reserve priority for a pending transaction that will affect that land. The notice assists in fraud prevention and improves the accuracy of title searches.
Removal of the Duplicate Certificate of Title
Duplicate Certificates of Title are no longer issued by the Lands Titles Office. The original land title is stored electronically with the Lands Titles Office and copies (required for various building approvals etc) can be purchased online through www.SAILIS.sa.gov.au.
Title Watch Service
Title Watch is a free online subscription service that enables property owners to monitor activity against selected Certificates of Title for a period of twelve months. When an activity is detected the system will automatically trigger an email notification and SMS alert to the subscriber's recorded email address and mobile phone number. Subscriptions are managed online through www.SAILIS.sa.gov.au.
- Property Exchange Australia Limited
- Australian Registrars' National Electronic Conveyancing Council
- Council of Australian Governments
For an alternative version of a document on this page contact Land Services.