the adviser logo

Possible step towards national conveyancing system

by Staff Reporter7 minute read
The Adviser

A meeting chaired by Attorney-General assistant Richard Glenn will take place in Canberra today to discuss the push for a national electronic conveyancing system.

The meeting will be attended by representatives from the legal and banking sectors as well as the government; the aim of the meeting is to form a national project team that will represent the interest of all stakeholder groups in developing a nationwide e-conveyancing system.

Finance and deregulation Minister Lindsay Tanner said today in The Australian that a national conveyancing system would be an example of harnessing technology to reduce the cost of doing business.

It is estimated that a national electronic system could provide savings of up to $400 per property transaction.

A successful outcome today could ease some of the trouble that has arisen from the Victorian e-system, which has been marred by industry disputes resulting in a limited take up of the system.

Quoted in The Australian, Victorian Environment Minister Gavin Jennings said the Victorian team is committed to working with industry partners across the states and territories to develop the national system.

Published: 15-02-08

Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Read more