Electronic Conveyancing

UPDATE

Electronic Conveyancing?

DON’T BE FOOLED that “conveyancing will be made cheaper!”

 

 VICTORIA 1st December, 2015 UPDATE

Now DIY users will have their identity verified under the Verification of Identity (VOI), the Transfer also needs to be witnessed at the same time by the Australia Post Officer, this is limited to individuals buying without a mortgage and sellers who are self-acting.

The governing body The Australian Registrars National Electronic Conveyancing Council (ARNECC) have introduced Version 3 for (VOI). Victoria has now adopted this version for paper transactions and DIY users.


The Version 3 also restricts, Power of Attorneys (VOI), these can only be verified by the Legal Profession.

You should write and speak to your State and Federal members of Parliament as (ARNECC) will eventually take away your legal right to do your own conveyancing.

Then everyone will be stuck with a duopoly, and your legal right to do your own conveyancing will be taken away forever.

 

With the introduction of e–conveyancing, solicitors & licensed conveyancers will be pushed into using the new “Property Exchange Australia” platform (PEXA), the government purports that this will reduce the costs involved in conveyancing.

PEXA has been developed in conjunction with the “National e-Conveyancing Development Limited” (NECDL). This is jointly owned by the banks which have a combined holding of 49% !!!

The PEXA platform is not cheap and has apparently cost tens of millions of dollars to develop over the last 10 years.

By pushing Property Searches online in such a way as they can only be done through an online Search Agent, government departments are saving money (on staff and rubber stamps) but, as the price increases over those same 10 years have shown, YOU ARE NOT.

Solicitors and licensed conveyancers will have to pay to use this new platform so the banks and government can recoup their unnecessary costs.

The banks will try to convince you that you should use a solicitor or licensed conveyancer so the conveyance can be partially done electronically on their proprietary system and allegedly “save” you money. You should question this as the cost of conveyancing will still be around $1000 dollars or more.

The current legislation cannot take away your right to do your own conveyancing. Instead, a paper transaction can still be done and can save you around $1000.

Over the last few months we have heard much scare–mongering from solicitors and conveyancers saying, “you can’t get your Identity verified.” This is not true as the legislation (and our Kit) has included this for self–represented parties.

Do It Yourself Conveyancing Kits has been at the forefront of DIY Conveyancing for the last 38 years, keeping the cost of conveyancing at an affordable price.

 

NECDL changes name to PEXA

THIS Does not affect the DIY user.

Due to all the hype surrounding the introduction of e-Conveyancing, there is a misapprehension that you cannot do your own Conveyancing.

It is your legal right to perform the Conveyancing process yourself. If your financial institution insists that you use the e-Conveyancing process through a Solicitor/Conveyancer, this is incorrect.

If e-Conveyancing is made a condition of the mortgage it is a breach of the ACCC, as you are being deprived of your legal right to do your own Conveyancing.

Even Solicitors/Conveyancers who do not wish to participate in the e-Conveyancing program can still attend settlement and lodge documents manually.

Electronic Conveyancing

UPDATE

Electronic Conveyancing?

DON’T BE FOOLED that “conveyancing will be made cheaper!”

 

 VICTORIA 1st December, 2015 UPDATE

Now DIY users will have their identity verified under the Verification of Identity (VOI), the Transfer also needs to be witnessed at the same time by the Australia Post Officer, this is limited to individuals buying without a mortgage and sellers who are self-acting.

The governing body The Australian Registrars National Electronic Conveyancing Council (ARNECC) have introduced Version 3 for (VOI). Victoria has now adopted this version for paper transactions and DIY users.


The Version 3 also restricts, Power of Attorneys (VOI), these can only be verified by the Legal Profession.

You should write and speak to your State and Federal members of Parliament as (ARNECC) will eventually take away your legal right to do your own conveyancing.

Then everyone will be stuck with a duopoly, and your legal right to do your own conveyancing will be taken away forever.

 

With the introduction of e–conveyancing, solicitors & licensed conveyancers will be pushed into using the new “Property Exchange Australia” platform (PEXA), the government purports that this will reduce the costs involved in conveyancing.

PEXA has been developed in conjunction with the “National e-Conveyancing Development Limited” (NECDL). This is jointly owned by the banks which have a combined holding of 49% !!!

The PEXA platform is not cheap and has apparently cost tens of millions of dollars to develop over the last 10 years.

By pushing Property Searches online in such a way as they can only be done through an online Search Agent, government departments are saving money (on staff and rubber stamps) but, as the price increases over those same 10 years have shown, YOU ARE NOT.

Solicitors and licensed conveyancers will have to pay to use this new platform so the banks and government can recoup their unnecessary costs.

The banks will try to convince you that you should use a solicitor or licensed conveyancer so the conveyance can be partially done electronically on their proprietary system and allegedly “save” you money. You should question this as the cost of conveyancing will still be around $1000 dollars or more.

The current legislation cannot take away your right to do your own conveyancing. Instead, a paper transaction can still be done and can save you around $1000.

Over the last few months we have heard much scare–mongering from solicitors and conveyancers saying, “you can’t get your Identity verified.” This is not true as the legislation (and our Kit) has included this for self–represented parties.

Do It Yourself Conveyancing Kits has been at the forefront of DIY Conveyancing for the last 38 years, keeping the cost of conveyancing at an affordable price.

 

NECDL changes name to PEXA

THIS Does not affect the DIY user.

Due to all the hype surrounding the introduction of e-Conveyancing, there is a misapprehension that you cannot do your own Conveyancing.

It is your legal right to perform the Conveyancing process yourself. If your financial institution insists that you use the e-Conveyancing process through a Solicitor/Conveyancer, this is incorrect.

If e-Conveyancing is made a condition of the mortgage it is a breach of the ACCC, as you are being deprived of your legal right to do your own Conveyancing.

Even Solicitors/Conveyancers who do not wish to participate in the e-Conveyancing program can still attend settlement and lodge documents manually.

 

 

1st July 2016 Conveyancing Updates for all states & territories

New Legislation has come into effect from 1st july 2016 for all States and territories for properties 2 million dollars or more. the seller will need to provide a clearance certificate  for the new foreign ownership capital gains withholding payment measure.

 

Australian Capital Territory

Land Titles Office of Regulatory Services fees were increased for Lodgements:

Lodgement of Transfer $262.00

Discharge of Mortgage $135.00.

ACT Planning and Land Authority

For a full price list for increased fees see:

http://www.planning.act.gov.au/search?query=fees+and+charges

For a full price list of increased fees see:

Residential water prices:

http://www.iconwater.com.au/

Residential sewerage prices:

http://www.iconwater.com.au

New South Wales

Land Titles Office lodgement fees were simplified for Title all Lodgements:

Lodgement of Transfers $136.30

Discharge of Mortgage $136.30.

 

Queensland

Department of Environment and Resource Management & Mines increased.

fees for a Transfer $175.00

release of Mortgage $175.00

Form 23 Settlement Notice to $33.00.

 

South Australia

Land Services Group fees were increased for Title searches and Lodgements:

Increased fees for a full price list see:

Transfer registration fees

http://wwwsa.gov.au/_data/assets/pdf_file/0017/22264/ad-valorem -fees-2016-2017.pdf

document lodgement fees

Discharge of Mortgage $157.00

Title Search $27.75

Tasmania

The Recorder of Titles fees were increased for Title searches and Lodgements:

Title Search 30.20

Transfer $197.81

Discharge of Mortgage $160.06

For a full price list of increased fees see:

http://dpipwe.tas.gov.au/Documents/BriefFeeSchedule2015.pdf

 

Victoria

land victoria fees were simplified for Lodgements.

Transfer $92.70 plus 2.34 for every whole $1000.00 of the monetary consideration maximum fee is $3603.00

Discharge of Mortgage $112.60

All Water Authorities have increased their rate information statement fees. Contact your local Authority to obtain fees.

Western Australia

Landgate lodgement:

Discharge of Mortgage & Caveat $165.80

Transfer

http://www0.landgate.wa.gov.au_data/assetts/pdf-file/0020/15383/lodgement-And-Search-Fees-payable.pdf

Water Authorities have increased their fees:

Water Corporation $75.61, Busselton Water $64.00 and Aquest to $50.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1st July 2016 Conveyancing Updates for all states & territories

New Legislation has come into effect from 1st july 2016 for all States and territories for properties 2 million dollars or more. the seller will need to provide a clearance certificate  for the new foreign ownership capital gains withholding payment measure.

 

Australian Capital Territory

Land Titles Office of Regulatory Services fees were increased for Lodgements:

Lodgement of Transfer $262.00

Discharge of Mortgage $135.00.

ACT Planning and Land Authority

For a full price list for increased fees see:

http://www.planning.act.gov.au/search?query=fees+and+charges

For a full price list of increased fees see:

Residential water prices:

http://www.iconwater.com.au/

Residential sewerage prices:

http://www.iconwater.com.au

New South Wales

Land Titles Office lodgement fees were simplified for Title all Lodgements:

Lodgement of Transfers $136.30

Discharge of Mortgage $136.30.

 

Queensland

Department of Environment and Resource Management & Mines increased.

fees for a Transfer $175.00

release of Mortgage $175.00

Form 23 Settlement Notice to $33.00.

 

South Australia

Land Services Group fees were increased for Title searches and Lodgements:

Increased fees for a full price list see:

Transfer registration fees

http://wwwsa.gov.au/_data/assets/pdf_file/0017/22264/ad-valorem -fees-2016-2017.pdf

document lodgement fees

Discharge of Mortgage $157.00

Title Search $27.75

Tasmania

The Recorder of Titles fees were increased for Title searches and Lodgements:

Title Search 30.20

Transfer $197.81

Discharge of Mortgage $160.06

For a full price list of increased fees see:

http://dpipwe.tas.gov.au/Documents/BriefFeeSchedule2015.pdf

 

Victoria

land victoria fees were simplified for Lodgements.

Transfer $92.70 plus 2.34 for every whole $1000.00 of the monetary consideration maximum fee is $3603.00

Discharge of Mortgage $112.60

All Water Authorities have increased their rate information statement fees. Contact your local Authority to obtain fees.

Western Australia

Landgate lodgement:

Discharge of Mortgage & Caveat $165.80

Transfer

http://www0.landgate.wa.gov.au_data/assetts/pdf-file/0020/15383/lodgement-And-Search-Fees-payable.pdf

Water Authorities have increased their fees:

Water Corporation $75.61, Busselton Water $64.00 and Aquest to $50.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Conveyancing News Alerts

 

Australian Capital Territory Conveyancing

 

New South Wales Conveyancing

 From the 1st July 2016 the 2005 edition pre printed contracts will be no longer printed and still can be used until stocks are depleted.

If your purchase price is under 2 million dollars you can still use this contract.

A new eContract is now only available from The Law Society of New South Wales online.

New Legislation comes into effect from the 1st July for all sellers to provide a current Land Tax certificate to the buyer. This can be included in the contrcat or before settlement.

 

Queensland Conveyancing

 

South Australia Conveyancing

 

Tasmania Conveyancing

  

Victoria Conveyancing

 

Western Australia

 

 

 

 

 


 

 


 

Conveyancing News Alerts

 

Australian Capital Territory Conveyancing

 

New South Wales Conveyancing

 From the 1st July 2016 the 2005 edition pre printed contracts will be no longer printed and still can be used until stocks are depleted.

If your purchase price is under 2 million dollars you can still use this contract.

A new eContract is now only available from The Law Society of New South Wales online.

New Legislation comes into effect from the 1st July for all sellers to provide a current Land Tax certificate to the buyer. This can be included in the contrcat or before settlement.

 

Queensland Conveyancing

 

South Australia Conveyancing

 

Tasmania Conveyancing

  

Victoria Conveyancing

 

Western Australia

 

 

 

 

 


 

 


 

 

 

New

South Australia Conveyancing Kit

 

 From March 2013

 

New Tasmania Conveyancing Kit

 

 

From April 2012

 

 

 

 

 

New

South Australia Conveyancing Kit

 

 From March 2013

 

New Tasmania Conveyancing Kit

 

 

From April 2012

 

 

 

All kits for Eastern States of Australia

All kits for Eastern States of Australia