It's not far-fetched to suggest that the introduction of a national e-conveyancing regime in Australia constitutes the biggest reform to the industry since the introduction of the Torrens system. All states and territories, with the exception of the ACT, have passed the Electronic Conveyancing (Adoption of National Law) Act 2013 (ECNL), paving the way for a purpose-built platform that enables practitioners to undertake conveyances online via the Property Exchange Australia Ltd (PEXA).
With property transfer moving into the digital age, Susan Duffy, author of e-Conveyancing Simplified *, gives a number of insights and provides tips for legal practitioners to ensure that their firms are properly prepared.
* e-Conveyancing Simplified addresses the context and the legal framework of the new system, including the Electronic Conveyancing National Law and Model Participation Rules, as well as digital signatures, certificate of title, fraud and risk management. A glossary, index and chapter endnotes offer useful assistance to practitioners familiarising themselves with the new rules, processes, platforms and institutions that comprise e-conveyancing.