NSW plans transition to e-Conveyancing
A detailed timetable transforming New South Wales from paper conveyancing to online property transactions has been released. On 28 February 2017, the New South Wales Government confirmed its plan for the introduction of paperless conveyancing, committing to a final date of 1 July 2019. By then, all standard property transactions in New South Wales will be conducted electronically, and all paper Certificate of Titles will be phased out.
The first stage of this transition happened on 1 March 2017. All Authorised Deposit-Taking Institutions (ADIs) and their representatives now lodge all standalone mortgages, in respect of which the National Credit Code applies, and discharge of mortgages electronically via PEXA. ADIs will receive an e-Title following registration of an electronic transaction.
Over the coming years, the following dates and corresponding transformations will be implemented to reach 100% of standard property transactions online.
|1 August 2017|
|1 July 2018|
The above dealing(s) are not required to be lodged electronically if lodged with another dealing affecting the same folio(s) of the Register.
|By October 2018|
|1 July 2019|
Therefore, whether there is one or more of these transactions affecting the same folio(s) of Register, all of them must be lodged electronically.
Over 1,400 lawyers and conveyancers in New South Wales are now on-board PEXA and utilising the following free support services to help them prepare their businesses for this transformation.
PEXA Direct Specialists
PEXA Direct Specialists are experienced lawyers and conveyancers who come to your office and guide you through the PEXA registration process, assist you to adapt your business to e-Conveyancing and successfully complete your first online transactions. You can contact firstname.lastname@example.org to enquire about a PEXA Direct Specialist for your firm.
PEXA Certified program
This program is an open certification hosted on the e-Conveyancing Community. Your PEXA Direct/Virtual Specialist guides you through this four-module program. On completion, each member becomes PEXA Certified and competent PEXA-users.
The e-Conveyancing Community is an online space where you can ask questions, share feedback and get answers from other lawyers and conveyancers, as well as industry experts and PEXA specialists. Many lawyers and conveyancers are already PEXA pros and can help you with your business’ transition online at community.pexa.com.au.
PEXA’s highly trained and dedicated Support Centre is a one-stop-shop for PEXA members requiring assistance. If you’re unsure of who to contact regarding any aspect of e-Conveyancing, including system set-up, workspace support or technical troubleshooting, contact the support team on 1300‑084‑515.
For all general enquiries about e-conveyancing you can also contact email@example.com.
If you are yet to register for PEXA, contact firstname.lastname@example.org to start the process today.