Queenslanders will be able to access more affordable Conveyancing after legislation to join a national electronic Conveyancing system was introduced into State Parliament this week.
Natural Resources and Mines Minister, Andrew Cripps, said the Electronic Conveyancing National Law (Queensland) Bill 2012 would allow Queenslanders to benefit from participating in a national electronic Conveyancing system.
“The national electronic Conveyancing system will mean reduced costs and greater certainty that settlement will take place as scheduled,” Mr Cripps said.
“The costs for solicitors and financial institutions to use the electronic lodgement network will be less than the cost of existing charges such as bank cheques and fees for couriers and settlement agents.
“E-Conveyancing avoids delays in settlement due to errors in documentation, saving time, inconvenience and additional costs of removal, storage and accommodation.
“The system will also cater for the electronic financial settlement of Conveyancing transactions and payment of associated state duties and lodgement fees.”
“National e-Conveyancing will be implemented gradually, commencing in Victoria in about April 2013 and is expected to be available in Queensland in late 2013.”
If you like further details about the e-Conveyancing or to be advised when further details are released visit www.conveyancingsolicitors.com.au or follow us on Facebook. You can Click Here to be added to our mailing list.