An electronic signature is simply a signature used on an electronic document or transmission comprising either a symbol or other data in a digital format attached to an electronically transmitted document.

1. WHAT IS AN
ELECTRONIC SIGNATURELEIGH BARKERTANGIBLE
ASSETS

2. As technology has advanced so has the method in which documents are executed
through the use of electronic signatures.
An electronic signature is simply a signature used on an electronic document
or transmission comprising either a symbol or other data in a digital format
attached to an electronically transmitted document.
Thus, an electronic signature is a person's electronic agreement to the terms of a
document and are recognised at law both internationally and in Australia as having
the same effect as hand written signatures.

3. The aim of the electronic signatures is to create an accurate and secure method to
identify the signatory. As such electronic signatures are subject to increasing levels
of security to prove the validity of the signatory such as:
■ A private key to create the electronic signature
■ A capability to determine if the data has been altered or amended after the
message was signed
■ A unique identifier linked to the signatory
■ The ability to invalidate the signature is data has been changed

4. While the system may vary amongst those who offer the ability to execute
documents with an electronic signature the general concept is the same whereby a
document is uploaded to an on-line service and tagged where signatures are
required.
The uploaded document is then sent electronically for execution which can occur
through a few clicks, or the use of standard fonts or through scribble using a mouse
or electronic pen.
When finished, the executed document is returned.

5. LEIGH BARKERTANGIBLE
ASSETS
Please note: Prepared by Leigh BarkerTangibleAssets, Accountant, Portfolio
Finance,Gordon,West Pennant Hills and MWC Group.
Note that all content of this blog is general in nature and anyone intending to apply the
information to practical circumstances should seek professional advice to independently
verify their interpretation and the information’s applicability to their particular
circumstance.