With the design phase of Australia’s e-conveyancing system due to be finalised by March 2012, e-conveyancing may be here sooner than you think!

Accenture and NECD Limited have signed the master agreement, appointing Accenture to design, build, test and deploy Australia’s National e-conveyancing system, which will be called PEXA (Property Exchange Australia).

Australia’s four major banks have signed conditional subscription and shareholders agreements to become shareholders of NEXDL and provide seed funding for the first development phase of the e-conveyancing platform.

It is expected that PEXA will commence commercial operation in early 2013.

Attwood Marshall Lawyers are excited about the prospect of the Conveyancing process becoming completely electronic and furthering our efforts to have a paper-less office.

Information taken from http://www.nationaleconveyancing.com.au/newsandupdates

How can we help?

Please contact our office should you need further explanation in relation to the topics listed above or should you have any other queries regarding responsibilities or obligations of either the  Body Corporate or an Owner on 1800 621 071 or email info@attwoodmarshall.com.au or contact us using our online enquiry form.