Further streamlining to conveyancing in WA as amendments pass Parliament The passing of the Transfer of Land Amendment Act 2021 (TLAA) in Parliament yesterday (16-06-2022) will further improve and streamline conveyancing in Western Australia, as the state continues to advance electronic conveyancing. Once brought into effect, the amended Transfer of Land Act 1893 will:• Remove duplicate certificates of title from WA’s titling system • Enable the service of notices electronically• Clarify the definition of counterpart documentsThe TLAA provisions will take...
Verification of Identification (aka VOI) is an important and required step for Property transactions in WA, For your convenience we engage multiple options including the preferred IDSecure, where you will receive an SMS inviting you to complete your Virtual VOI on your smartphone. Please action this before it expires ~96 hours (~4days) from SMS initiation. Some tips (especially for overseas individuals) please:1. Within the next 96 hours (4 days), click on your weblink on a mobile device i.e. phone or...
‘Looks like Settlement may roll’. What is the latest time slot my e-settlement can happen? This can happen if ALL participants have not completed all their tasks and signed off to make ready by the booked start time, it automatically gets post-poned every 30 minutes (½ hour) till about 14.00hrs (WST) during Daylight saving -also on Eastern state public-holidays or 15.00hrs (WST) which is 17.00hrs E(D)ST as that is when most of the staff at the Reserve Bank of Australia...
How the WA State Government is making it easier for property owners to fast track their settlements and refinancing The WA state government via Landgate has put forward a bill that has made your PAPER Duplicate Certificate of Title (record of your property ownership) invalid. What does this mean for WA property owners? The proposal is to make e-conveyancing or digital settlements and refinances easier for those people that have lost their duplicate Certificate of Titles. Previously clients without these...
Do you prefer personal service and guidance: remove the stress with your property settlement, by surrounding yourself with experienced professionals to guide you on your important property transaction… Is online the way to go for property settlements? It’s probably something that most property buyers would know, but a report from PwC Australia has confirmed that buying or selling a house can be a stressful experience. The report, commissioned by Property Exchange Australia (PEXA), revealed that one in three people are...
