Queensland reduces paperwork in property conveyancing
Queensland reduces paperwork in property conveyancing Earlier this year, QLD parliament passed a bill amending the Land Title Act 1994 so that paper Certificate’s of Title (CT), will no longer have any legal effect. This will be in place from today, October 1st, 2019. This bill means that a paper CT will become a piece of history, with only sentimental value. Previously, every property in Queensland was issued with a paper Certificate of Title. The certificate was always required as evidence of your ownership of your property. Consequently, lost or stolen certificates raised huge issues for a homeowner. As a homeowner, you will no longer need to protect this very important piece of paper. You are also not required to deliver this piece of paper to Settlement should you choose to sell in the future. After today, you will no longer be the option to lodge a Form 19 application for certificate of title. In the shift towards paperless, NSW recently mandated electronic settlements from July 1st, 2019. Prior to the mandate, there were some practitioners keen to embrace e-settlements. Equally however, there were also those who felt like the mandate was thrust upon them. It is these firms that