Government opts for partial sale of Landgate.
Nick Evans The West Australian
Wednesday, 27 June 2018 12:16PM
Transport Minister Rita Saffioti Picture: The West Australian, Simon Santi The West Australian
The State Government will sell off the profitable arm of WA’s land titles registry, but says it will not fully privatise Landgate.
Lands Minister Rita Saffioti announced today Landgate’s “automated registry services” would be put on the market, but its statutory functions, and other services, would be retained by the State Government.
It is understood the move will see the right to run property searches sent out to the private sector under a 50 year leasing deal, as well as automated property transfers – which make up about 90 per cent of title transfers in WA. But the underlying property data will remain the property of the State Government and Landgate staff have been told they are not likely to see further job losses as a result of the arrangement.
In a statement Treasurer Ben Wyatt said the Government would “retain ownership and oversight of the land titles register, and Landgate itself will continue to function as a statutory authority”.
The State Government hopes to get at least $650 million for the sale of the rights, saying the money will be used to fund a redress scheme for the victims of institutional sexual abuse.
Mr Wyatt said the Government would seek to cap charges for services sold by a private operator to the inflation rate plus 1 per cent.
Ms Saffioti said the Government will “will retain ownership and statutory responsibility for our land titles register, ensuring the security and integrity of the State's vital data asset”.
Further media release: https://www.mediastatements.wa.gov.au/Pages/McGowan/2018/06/McGowan-Government-rejects-sale-of-Landgate.aspx
CIB 309: End of Financial Year Document Lodgement
18 June 2018
End of Financial year is traditionally a time of high lodgement activity. On Friday 29 June 2018, Landgate will support customers and industry with the following initiatives:
Settlement room availability - The settlement room inside our Perth Business Office will be available for customer use. We anticipate that this room will be in high demand on the day and we will continue to provide support and assistance.
Express queue - Three express terminals will be available for customers who have up to five documents to lodge. Customers using the express queues must pay via EFTPOS or cheque. Cash facilities will not be available at these counters.
Multiple documents - Landgate will set up additional workstations on the day for customers lodging more than five (5) documents.
Lodgement acceptability checklist - All documents presented for lodgement must be checked and pass against the lodgement acceptability checklist by a Landgate authorised officer. These resources will help customers with compliance and assist in reducing customer wait times:eConveyancing page.
Information Officer: To reduce customers waiting to see an Information Officer at the Perth office, Landgate have organised for an Information Officer to be located at SAI Global between:
11.00am – 1.00pm and 2.00pm – 3.30pm.
End of Financial Year business hours
Landgate lodgement hours remain strictly 8:30am to 4.30pm.
Documents will not be accepted for lodgement outside these hours.
It is the responsibility of the lodging party to ensure documents comply at lodgement and if they are subject to a non-compliance report, they must be made compliant prior to 4.30pm on 29 June 2018.
Delegate of Registrar of Titles
Source:CIB 309: End of Financial Year Document Lodgement
Regulated products and services
From 1 July 2018, Landgate’s regulated fees are due to increase approximately 1.5 per cent,
in line with the average forecast rate of the Consumer Price Index (CPI).
The proposed fees are available on our website. Please be aware these are subject to
approval from the Governor in Executive Council and publishing in the Government Gazette.
Deloitte Access Economics have delivered a paper on the “Impacts of e-Conveyancing on the conveyancing industry”. Current net benefit in WA is indicated as being in the negative, but future expectations for 2020-21, where usage increases to 100%, predicts a turnaround 400 times greater than the current benefit experienced by the industry.
The cost to practitioners of having to abandon an electronic workspace is also estimated at $69, however, it was estimated that a practitioner could benefit from time saving of 3.5 hours per transaction. In the absence of a comprehensive time and motion study with a significant and diverse sample set of the industry these figures are hard to justify.
How do we now ensure greater benefit so as to turn the current negative into a positive?
What strategies, improvements and initiatives need to be undertaken to make e-conveyancing a success in WA?
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