New Conveyancing (General) Regulation 2018 to commence on 1 September 2018
The Conveyancing (General) Regulation 2013 will be repealed and remade on 1 September 2018 as the Conveyancing (General) Regulation 2018 (Regulation).
The Regulation has been amended for internal consistency and to simplify its structure and readability, and does not introduce any significant regulatory changes.
The following changes have been made:
- The Regulation introduces a time limit on the validity of a Survey Certificate accompanying a plan of survey. The new requirements will formalise and enhance the existing practice of requiring plans to be updated to include current information. Further information may be accessed here.
- The Land and Property Information NSW (Authorised Transaction) Act 2016 (LPI Transaction Act) introduced “Lodgment Rules”, which deal with the preparation, form and content of registry documents, as well as other procedural matters. Amendment has been made in the Regulation to reference the application of the Lodgment Rules.
- Other minor changes to update references to relevant provisions in current legislation have been made as well as updating the names of corporations which are ‘prescribed authorities’ for the purposes of section 88A, 88D and 88E of the Conveyancing Act 1919.
The Regulation has been published on the official NSW legislation website at www.legislation.nsw.gov.au.
For more information please contact the Office of the Registrar General on ORG.Admin@finance.nsw.gov.au.