The Office of the Registrar General has warned that ‘waiting until the deadline arrives before you take steps to make the transition means you will have left it too late’. It is holding workshops and to help you get started and make a complete transition to eConveyancing.
A recent report by KPMG to investigate the impact of eConveyancing said it helped with:
• elimination of almost all risks associated with human error, such as misplaced or incorrectly signed documents
• immediate transmission of settlement funds in most cases
• instant registration on title
• time savings of 3.25 hours (65%) for a vendor’s lawyer and 4.25 hours (70%) for a purchaser’s lawyer.
Finding a lawyer or conveyancer who offers eConveyancing
Currently PEXA is the only electronic lodgement network operator (ELNO) in NSW and it has a searchable database of the lawyers, conveyancers and financial institutions already transacting together online.
To learn more about eConveyancing in NSW, visit here.