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Recent changes in
conveyancing transactions in
South Australia
As you may be aware, there have
been some major changes and
developments in the conveyancing
arena in South Australia. The Real
Property (Electronic Conveyancing)
Amendment Act 2016 came into
effect as of Monday 4 July 2016.
Although your conveyancer and/or
solicitor may be aware of what these
recent developments mean for their
practice, it is important for you to
understand how these changes will
affect you.
So how will some of these changes
impact you:
Your practitioner is required to take
reasonable steps to verify your
identity. You will be required to
attend a face to face interview and
provide your conveyancer/solicitor
with relevant identification
documents to enable them to verify
your identity;
In addition to the verification of
identity requirement, your
conveyancer or solicitor will be
required to verify your
authority. You will need to provide
your solicitor/conveyancer with
relevant documentation to verify
that you have authority to enter into
the conveyancing transaction. This
may include Mortgage documentation,
current rates notices and a copy of the
Contract for sale; and
You will be required to sign a client
authorisation form whereby you are
providing your conveyancer or
solicitor to act on your behalf in a
land transaction. By authorising
your conveyancer or solicitor to act
on your behalf, they will be able to
sign specific documents to complete
the transaction.
When it comes to electronic
conveyancing, there is a four month
transition period where
conveyancers and solicitors are able
to use either the old system or new
system. At the conclusion of this
transition period, all
conveyancers and solicitors will be
required to comply with the new
requirements on lodgement of
documents at the Lands Titles Office.
If you would like further information
regarding these new requirements,
please contact one our friendly staff
at Bambrick Legal
today. http://www.bambricklegal.co
m.au/imm/
For more details
Visit us @
http://www.bambricklegal.com.au/
Or Call
(08) 8362 5269

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Recent changes in conveyancing transactions in South Australia

  • 1.
  • 2. Recent changes in conveyancing transactions in South Australia
  • 3.
  • 4. As you may be aware, there have been some major changes and developments in the conveyancing arena in South Australia. The Real Property (Electronic Conveyancing) Amendment Act 2016 came into effect as of Monday 4 July 2016.
  • 5. Although your conveyancer and/or solicitor may be aware of what these recent developments mean for their practice, it is important for you to understand how these changes will affect you. So how will some of these changes impact you:
  • 6. Your practitioner is required to take reasonable steps to verify your identity. You will be required to attend a face to face interview and provide your conveyancer/solicitor with relevant identification documents to enable them to verify your identity;
  • 7. In addition to the verification of identity requirement, your conveyancer or solicitor will be required to verify your authority. You will need to provide your solicitor/conveyancer with relevant documentation to verify
  • 8. that you have authority to enter into the conveyancing transaction. This may include Mortgage documentation, current rates notices and a copy of the Contract for sale; and
  • 9. You will be required to sign a client authorisation form whereby you are providing your conveyancer or solicitor to act on your behalf in a land transaction. By authorising your conveyancer or solicitor to act on your behalf, they will be able to sign specific documents to complete the transaction.
  • 10. When it comes to electronic conveyancing, there is a four month transition period where conveyancers and solicitors are able to use either the old system or new system. At the conclusion of this transition period, all
  • 11. conveyancers and solicitors will be required to comply with the new requirements on lodgement of documents at the Lands Titles Office.
  • 12. If you would like further information regarding these new requirements, please contact one our friendly staff at Bambrick Legal today. http://www.bambricklegal.co m.au/imm/
  • 13. For more details Visit us @ http://www.bambricklegal.com.au/ Or Call (08) 8362 5269