The NSW Government has set a timetable for the transition to eConveyancing.
This involves a mandate that all mainstream dealings, such as transfers, mortgages, discharges of mortgage, withdraw of caveats and transmission applications must be lodged digitally from 1 July 2019, whether standalone or in combination.
The Law Society of NSW has now published Conveyancing Rules Version 5.
New Rule 8.7 makes it mandatory for Mainstream dealings (defined to mean a transfer, mortgage, discharge of mortgage, caveat, withdrawal of caveat or transmission application) to be lodged electronically from 1 July 2019. The Rule applies whether a Mainstream dealing is lodged as a standalone, or in combination with other Mainstream dealings.
Mandatory Electronic Lodgement of Other Dealings From 1 July 2020
New Rule 8.8 makes it mandatory for all dealings to be lodged electronically from 1 July 2020, whether standalone or in combination. The Rules specify that each dealing must be lodged electronically after declared so by the Registrar General, and after a notice period of at least 90 days.
For more information, contact Rockliff Snelgrove Lawyers on (02) 9299 4912.