The NSW Government’s eConveyancing reforms are helping transform NSW into the world’s most efficient and secure place to buy and sell property.
NSW Registrar-General Jeremy Cox said the transition to eConveyancing has been an unsung customer service success since it started in 2013.
“Now over 85 per cent of eligible conveyancing transactions are being completed electronically, including more than 80 per cent of transfers,” Mr Cox said.
“The transition to eConveyancing has not only done away with onerous paperwork it has also saved people time to complete transactions and eliminated the risks associated with human error.
“Since e-Conveyancing began in NSW in 2013 there have been no related fraud cases, but during that time the NSW Government has paid over $7 million for fraud cases involving paper conveyancing transactions
“From 1 July 2019, all transfers, mortgages and discharges of mortgages, caveats and withdrawals of caveat and transmission applications must be lodged electronically.
“What you need to do right now if you want to lodge property dealings in NSW is become a subscriber to the providers of electronic lodgement services, known as ‘ELNOs’ – Electronic Lodgement Network Operators. If you are a practitioner and have not become a subscriber, you need to do so before 1 July.
“Only registered subscribers can lodge documents with NSW Land Registry Services electronically. If you rely on a lawyer or conveyancer to lodge your documents please ensure they are registered for eConveyancing,” Mr Cox said.
The Office of the Registrar General’s eConveyancing website is designed to help navigate the eConveyancing reforms. They are also offering workshops in Sydney and regional NSW to help people be ready and able to successfully transact electronically.