The Conveyancing Rules (version 5) will commence on 1 July 2019 whereby transfer, mortgage, discharge of mortgage, caveat, withdrawal of caveat and transmission application must be lodged electronically from 1 July 2019 whether standalone, or in combination.
Conveyancing Rule 8.7 makes it mandatory for dealings such as transfer, mortgage, discharge of mortgage, caveat and withdrawals of caveat or transmission application to be lodged electronically from 1 July 2019. The rule applies whether the dealing is lodged as a standalone, or in combination with other dealings. The dealings which are lodged at NSW Land Registry Services (“NSW LRS”) must be lodged electronically through a lodgement network provider, PEXA or Sympli.
Turner Freeman is now PEXA certified and we are able to lodge the mandated dealings electronically.
Clients should be aware of the requirements when transacting electronically, particularly the requirement for a client authorisation form to be completed, the identity of the client to be verified and that the client has authority to deal with the property. It is important that the client has all of their requisite ID documents available when attempting to transact in a property matter. If you have any questions in regards to the ID documents, please do not hesitate to contact our office on (02) 8222 3333.
