- From 1 July 2018, a caveat can only be lodged electronically; paper caveats will not be accepted for registration.
- Stand-alone transfers must also be lodged electronically from 1 July 2018.
- If your practice is not yet ready for e-conveyancing, don’t leave it too late.
The lodging of a caveat to protect a client’s interest is a crucial service that a legal practice can provide to its clients. From 1 July 2018, a caveat can only be lodged electronically and a caveat prepared in the traditional manner in paper will not be accepted for registration at NSW Land Registry Services (formerly LPI). For many practitioners, this next milestone in the timeline for transitioning to electronic conveyancing will be critical. Practitioners will no longer be asking ‘Should I register?’ but ‘When do I need to be registered so I am ready for 1 July 2018?’
No more paper caveats from 1 July 2018
The NSW Government’s transition timetable provides a number of important milestones which allow for a step-by-step transition to electronic conveyancing. To date, these milestones have largely focused on mortgages, discharges of mortgage and refinances. The next milestone of 1 July 2018 will have a much larger impact, as most, if not all, legal practices must be able to lodge a caveat if instructed to do so.
Happily, practitioners who have already lodged caveats electronically find the process easy to use and faster than lodging in paper. The instant lodgment and quick noting on the register is particularly advantageous. Registering a caveat is also a great way to start using electronic conveyancing.