8 April 2022
For those of you who have been following the progression of interoperability within e-conveyancing, the New South Wales Legislative Council’s Portfolio Committee has today released its report.
PEXA is pleased to see the Committee acknowledge the valid concerns from industry around the resilience of the system, and the lack of consumer protections and industry safeguards that exist within the Bill.
The Committee outlined the importance of the development of an industry code, and the need for a thorough assessment of readiness prior to the implementation of interoperability. The Bill will be debated in the NSW Legislative Council, which next sits in May.
PEXA’s number one priority remains the ongoing safe, transparent and secure transfer and refinancing of property across our nation.
The report can be accessed here.