Queensland will soon allow land conveyancing transactions to be completed in an electronic environment with the introduction of the Electronic Conveyancing National Law (Queensland) Bill 2012 into Parliament on the 27 November 2012. It is expected that the new system will be available in Queensland in late 2013.
The Bill is based on the recently assented New South Wales legislation of the same nature. The New South Wales will essentially form the model law under which all States will mirror. As part of the electronic conveyancing mechanisms adopted, conveyancers will have the ability to lodge coneyancing instruments directly into state and territory land registers. However, the new system will not obliterate the existing paper-based process allowing for conveyancers to select which process they would be more comfortable with.
The object of the national electronic conveyancing reform is to achieve greater efficiency in the conveyancing process throughout Australia by enabling land documents to be registered in a more proficient fashion and eliminating the need to attend physical settlements.
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