Help draft laws to allow digital innovation in land titles
What do you think about NSW moving to 100% electronic lodgment when you buy or sell land?
NSW is moving away from paper-based processes for lodgment of land transactions and needs to make several amendments to legislation to make this possible.
remove the words 'certificate of title' and replace with 'folio of the Register' where appropriate
remove the concept of Control of the Right to Deal (CoRD)
introduce a new requirement for an 'information notice' to be issued to the lodging party.
remove barriers to lodging instruments electronically directly to the Registrar General
update some of the language to make it technology neutral.
To allow industry time to work through the changes necessary, we aim to start the new provisions in August 2021.
The Register will still be important
Under the changes:
the Register will still be backed by the State guarantee of title, through the Torrens Assurance Fund
transacting parties will still have to establish that they have the right to deal with land.
Tell us what you think
You can take part by uploading your submission below.
Thank you for your feedback
This engagement closed on 5 February 2021. Thank you to participants for providing your input which we are currently reviewing.
What do you think about NSW moving to 100% electronic lodgment when you buy or sell land?
NSW is moving away from paper-based processes for lodgment of land transactions and needs to make several amendments to legislation to make this possible.