The NSW Government will soon introduce several changes to the land titles system to transition conveyancing from paper to digital. From October 11, 2021, paper Certificates of Title will no longer be issued in New South Wales, and all existing Certificate of Titles will be cancelled.
With the removal of the need for paper Certificates of title, NSW has officially become fully digital. This will streamline and simplify the process, reduce the risk of settlement delays and reduce the risk of errors and fraud in the conveyancing process.
Current property owners or interested buyers do not need to do anything as legal ownership details are already in the Torrens Title Register. The Register will continue to be the single source of truth for land ownership in NSW.
Buyers and sellers should be aware, they may no longer be able to act on their own and will need a lawyer or conveyancer to complete their property transactions.
When listing properties, a title search will be needed rather than a Certificate of Title.
Herein information is sourced from www.registrargeneral.nsw.gov.au. Interested parties should seek appropriate advice and make their own investigations. Information is current as at September 2021, though is subject to change without notice, and no warranty, express or implied, is given as to its accuracy. AVJennings disclaims liability for any loss, damage or claim of any nature or kind (including negligence) incurred by any party which arises out of any alleged reliance on this article. Registered Trademark. © AVJennings Properties Limited. ABN 50 004 601 503. NSW Builders Licence 39168C.