- The next major stage of the mandate to electronic conveyancing commences 1 July 2019.
- The focus is on mainstream conveyances, but transmission applications and withdrawals of caveats must also be lodged electronically from 1 July 2019.
- Waivers and exceptions to electronic lodgment will be progressively reduced.
The NSW Government’s mandated timeframe to transition to eConveyancing in NSW by 1 July 2019 is rapidly approaching. It will be important for practitioners to have front of mind the wider scope of transactions which must be lodged electronically from 1 July 2019. The number of transactions that will be in scope for the expanded mandate will be sizeable.
Practitioners have been anticipating that the typical conveyance, consisting of a discharge of mortgage, transfer and mortgage (and variations of same) will need to be lodged electronically from 1 July 2019. You might not have been expecting that transmission applications and withdrawals of caveats will also be captured from the same date.
The scope of the 1 July 2019 milestone and further final stages of the transition, are defined by version 5 of the Conveyancing Rules. Public consultation on Version 5 of the Conveyancing Rules closed on 3 May 2019 and the final form of the Rules will be published in late May.