- In March 2015, the electronic conveyancing platform PEXA will become available for general use by legal practitioners and licensed conveyancers in NSW.
- Working out in advance your practice’s approach to some of the everyday practical issues may make the transition a lot easier.
- You will need to identify who will be responsible for the PEXA relationship, and the personnel who will be the subscriber administrator, users and signers.
- It will also be worth considering the implementation of some simple changes to procedures to ensure compliance with the rules governing participation in PEXA.
In March 2015, the electronic conveyancing platform PEXA will become available for general use by legal practitioners and licensed conveyancers in NSW.
Practitioners will be aware that the legal framework for electronic conveyancing consists of the Electronic Conveyancing National Law, its supporting operating requirements and participation rules, as well as the participation agreement mandated by them.
Flowing from these are a number of practical issues that each legal practice, regardless of size or practice type, will need to address when signing up as subscribers in PEXA, and which they will need to keep in mind when settling their clients’ transactions by means of the platform.