E-conveyancing- are your council property transactions compliant?
Electronic conveyancing has commenced and fundamentally alters the manner in which documents are lodged with the Lands Titles Office (LTO).
At a glance:
- Verification of identity, verification of authority and client authorisation requirements must now be satisfied prior to lodging documents with the LTO for registration.
The law now requires:
- verification of the identity of the CEO and Mayor for most real property transactions of a council
- verification of the authority of the parties to enter the transaction
- client authorisation for the lodgement of documents for some real property transactions, including the transfer of land.
Click here to view our Insights article discussing these changes in more detail.
The content of this newsletter is for general information purposes only and should in no way be treated as formal legal advice.