What is eConveyancing

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Electronic conveyancing (eConveyancing) is a more efficient, accurate and secure way of conducting the settlement and lodgment stages of a conveyancing transaction. It replaces many of the paper and manual processes traditionally involved in property transactions.

eConveyancing is part of the NSW Government’s commitment to leading digital innovation. The move to digital has the support of the property, legal and financial industries and is in line with the commitment by the Council of Australian Governments (COAG) to the development of a national electronic conveyancing system.

While all steps of the conveyancing process have the potential to be completed electronically, these reforms aim to minimise manual processes and paperwork associated with the settlement and lodgment stages of property settlements.

eConveyancing allows lawyers, conveyancers and financial institutions to enter a secure, online workspace where they can interact and transact together online. Within that digital environment, information can automatically feed in from the original source and can populate all documentation while the system cross-checks that information. Documents are created, signed and lodged within the online environment, and parties complete all necessary steps to settle the transaction within that online environment.

eConveyancing benefits everyone

While there may be an adjustment period, most people will find eConveyancing a more efficient and secure way to transact. eConveyancing has the potential to deliver many benefits – whatever role you play in the conveyancing process – including increased transparency, and a reduced risk of errors, fraud and delays.

Less stress

More efficient

Client friendly

Reduced risk of manual errors, fraud and delayed settlement

No need to physically attend settlement or wait on hold when calling banks or the other parties

Responds to consumer demand for transport instantaneous and efficient processes

Reduced costs

Less risk

Supports flexible working

Electronic funds transfer removes the cost of bank cheques

Quicker and safer lodgments

eConveyancing gives you more control of your workflow and enables remote working

More accurate

More efficient

Reduced risk of manual errors, fraid and delayed settlement

No need to physically attend settlement or wait on hold when calling banks, for example

Better file management

Less risk

eConveyancing gives you more control of your workflow

Quicker and safer lodgments along with pre-lodgment verification and direct access to Land Registry date

Peace of mind

Convenient

Faster access to proceeds of a sale

Reduced risk of manual errors, fraud and delayed settlement

Less visits to your lawyer or conveyancer’s office: the client authorisation allows your lawyer or conveyancer to sign required transaction documents on your behalf

eConveyancing generally removes the three-day wait for settlement funds to clear

Reduced costs

Less risk

Greater transparency

Electronic funds transfer removes the cost of bank cheques

Your interest in title is registered immediately on settlement, so there is no lodgment gap risk

eConveyancing enables access to updates in real time