How to prepare for 100% electronic lodgment in NSW and mitigate risk
How to prepare for 100% electronic lodgment in NSW and mitigate risk The New South Wales property industry is undergoing significant change in moving towards 100% electronic lodgments. NSW Land Registry Services (NSW LRS) have worked with Electronic Lodgment Network Operators (ELNOs) to enable 100% of electronic lodgments from 10 May 2021. This means all eligible Real Property Act dealings in NSW will be available for lodgment as electronic dealings, without the need to attach a paper form. From 10 May 2021, the 39 residual documents that are available for electronic lodgment, including: Application for a Possessory Title Application to Record a New Registered Interest Holder Application to Record a New Registered Proprietor NSW Trustee and Guardian Caveat Paper Dealing Purchaser’s Caveat Request to Note Retirement Village Surrender of Lease Variation of Sublease The full schedule of eDealings that are available electronically can be found on the Office of Registrar General’s website here. Transitioning to electronic conveyancing can be daunting at first, as legal practitioners will need to learn and navigate new working procedures in order to lodge their documents and stay compliant. How should legal and conveyancing practitioners prepare for these changes? As NSW is moving towards 100% electronic conveyancing, some things that practitioners can do in preparation for these changes include: Consider becoming an ELNO subscriber or utilise services such