Interoperability and the future of eConveyancing

Interoperability and the future of eConveyancing On Monday, all Australian states and territories voted in support of interoperability between Electronic Lodgment Network Operators (ELNOs) in the Electronic Conveyancing National Law (ECNL). In addition, New South Wales, Queensland, South Australia and Western Australia further agreed to develop the technical and regulatory regime for legislation to be in place by mid-2021, with the aim to have the solution live as soon as practicable, and by no later than the end of 2021. Tasmania noted that it was taking steps towards implementing e-conveyancing locally. Interoperability is common in industries where data is shared between networks. For example, telecommunication companies. They operate by sharing data to facilitate calls and text messages. This enables consumers to communicate with each other irrespective of which network carrier they are a customer of. Interoperability links ELNOs to enable a user (conveyancer, lawyer, or financial institution) to be a subscriber to one ELNO, say PEXA for example and transact with a user of another ELNO, like Sympli, without having to subscribe to both.  So, what will interoperability mean for you when it comes to settlements? Interoperability can be designed in such a way that ensures users continue to interact with

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