On 11 October 2021, all certificates of title were cancelled and all dealings are now being lodged electronically over an electronic property dealing lodgment network such as PEXA.
PEXA is an electronic conveyancing platform, which at present, is the most widely used electronic lodgment network in NSW. It has recently listed on the Australian Stock Exchange.
What this means for land owners:
- No more certificates of title after settlement or after paying off mortgages.
- The public cannot lodge dealings on land without assistance from a property lawyer or conveyancer.
- People wishing to lodge a dealing over land must have their identity verified by the PEXA subscriber and must establish their right to deal with their land.
- Verification of identity involves an in person meeting with the PEXA Subscriber and inspection of identification documents.
- Establishing the right to deal with land involves providing evidence of ownership (e.g. current rates notice, land tax assessment etc).
Short-term letting – Updated Code of Conduct
The Code of Conduct for the short-term rental accommodation industry was updated on 28 May 2021. Landlords providing short term rental accommodation must comply with the Code of Conduct or face penalties [...] READ MORE →