Property settlements in Western Australia have gone through a major change over the years with electronic conveyancing being introduced. Standalone transfers in Western Australia were mandated back in December of 2018, however there are still exemptions for certain scenarios that require paper settlement/lodgment and are currently out of scope for eConveyancing in Western Australia.
The list of available electronic documents that can be transacted electronically in Western Australia include:
eConveyancing simplifies and enhances the settlement process for all parties involved. The benefits include:
In Western Australia, the transfer duty process via eConveyancing is automated and integrated with RevenueWA. Details from the workspace are sent to RevenueWA’s online duty system for verification. Upon successful verification, RevenueWA automatically provides the necessary information for lodgment and payment of duty back to the workspace. This automation is time-efficient and reduces the risk of errors.
The transition to eConveyancing in Western Australia marks a significant step forward in modernising property settlements. By embracing digital processes, the conveyancing industry is moving towards greater efficiency, accuracy, and transparency. As the scope of eConveyancing continues to expand, stakeholders can look forward to an increasingly streamlined and error-free settlement experience.
