The push to roll out a national electronic conveyancing system is close to collapse because Australia's Council of Australian Governments has not allocated Au$20 million to establish a company to run the new system. This is despite money being earmarked for the e-conveyancing project.
Private sector players - banks and solicitors - have by and large boycotted the Victorian Government's e-conveyancing system (ECV), but are behind this project. They have expressed concern that years of preparatory work will be lost, not to mention cost savings of some Au$ 437 million. The bigger fear is that the failure to get the project going will result in the financial benefits being lost for at least a generation.
Note that the information in this web site and or links, is provided
for information purposes only and is not intended to constitute legal advice. It
is supplied subject to our legal disclaimer.
