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National Electronic Conveyancing systemJun 2, 2010 Background and progress –Electronic registration or lodgement of documents in a land registry has been possible in various jurisdictions around the world for more than a decade. It has been available in Queensland for about 15 years. However, an electronic settlement involves multiple parties: this created challenges that required further technological developments to solve. The Victorian Government formally launched its Electronic Conveyancing Project (often referred to as “ECV”) in July 2002. The ECV Project was designed to create a system for Victoria that enabled an electronic settlement and electronic lodgement. It officially went ‘live’ on 26 August 2006 and is being continuously upgraded as further capabilities are developed. About the same time, the NSW and SA land registries also launched their own projects to integrate electronic settlements with electronic lodgements. Then in March 2005, a meeting of Registrars decided to develop a national system. Later that year the National Electronic Conveyancing Office (“NECO”) was established with Simon Libbis (former SA Registrar-General) as Executive Director. In 2009 the states of Queensland, New South Wales and Victoria provided funding and, with the support of COAG, set up a development company to advance projects nationally. National E-Conveyancing Development Ltd (“NECDL”) was incorporated on 14 January 2010. The Governments of Victoria, NSW and Queensland are its members. Under a Governance Agreement between the States, the purpose of NECDL was to create a new single national electronic conveyancing system (based on the work of ECV and NECO) but not to implement or operate that system. Being related to a COAG project (from which Commonwealth funds will flow), the Governance Agreement provides for other States and Territories to join (rather than simply subscribe to) the system that is to be developed. NECDL’s Constitution was settled between the three States and reflects these intentions. AIC is represented on the NECD Ltd Board by Geoffrey Adam (SA Division CEO). The company is chaired by Alan Cameron AM and has appointed Marcus Price as CEO. NECDL has met regularly, receiving formal presentations by ECV and NECS on the scope and progress of their respective programs. NECDL must evaluate the work already undertaken by ECV and NECO before it can move forward. AIC Representation –
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AIC National Secretariat: Rosemary Cotton/Phone: 0458 555 243/Email: rosemary@aicnational.com.au
© 2011 Australian Institute of Conveyancers. All rights reserved.
