Progress towards e-conveyancing

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A new project has been launched designed to streamline conveyancing procedures through the use of an online system. The initiative is called ‘PEXA’ (Property Exchange Australia) and is projected to be operational nationwide in 2012.

Electronic conveyancing will initially operate alongside the current manual paper-based settlement and lodgement arrangements.

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Published In: General Business Updates, Finance & Banking Updates, Residential Real Estate Updates, Science, Computers & Technology Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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