What can I do?
When transacting in Queensland, you can electronically complete a Settlement Notice.
A Settlement Notice protects the interest of incoming parties, such as a purchaser and/or the incoming mortgagee. This priority is valid for the interval between when the Settlement Notice is lodged and when the intended dealing is completed.
You may electronically lodge a Settlement Notice for a transaction that will occur in either the paper channel or electronically via PEXA. The channel via which you lodge the intended dealing has no bearing upon the standing of the Settlement Notice.
With a Settlement Notice, you are limited to specifying dealings which contain either a Transfer of Land or Mortgage. It is not possible, for example, to create a Settlement Notice to protect the interests of a Caveator intending to lodge a standalone Caveat.
Visit Settlement Notices in the e-Conveyancing Community for more details on how to lodge electronically. View the online training materials and practice completing a Settlement Notice using a 5-minute interactive tutorial.