Advertisement
Powered by MOMENTUM MEDIA
lawyers weekly logo
Lender

Victoria switches on world?s first online conveyancing system

3 minute read
The Adviser

The Victorian government launched the world’s first electronic conveyancing (EC) system today.

According to Victoria’s Land Exchange, the new EC Release 2.0 will allow electronic financial property settlements to be made online – helping to reduce the cost of homeownership in Victoria.

Lodgements of land transfers, mortgages, discharges of mortgages and withdrawal of caveats will be possible through the system. The electronic payment of stamp duty to the State Revenue Office can also be facilitated. 

The new system is built on existing EC functionality introduced in August 2006.

default

JOIN THE DISCUSSION

You need to be a member to post comments. Become a member for free today!
You have 0 free articles left this month.
Register for a free account to access unlimited free content, or become a PREMIUM MEMBER to enjoy a wide range of benefits