VIC, WA and SA, are regulated so that all conveyancing matters, regardless of how they are processed (electronic or manual), require a VOI to be completed and that it meet set requirements. 9 November 2015 saw NSW begin the process of formalising VOI around mortgage transactions, with the rollout across all transactions expected to begin in the coming months. As of 1 March 2016, QLD now also have formalised requirements for VOI.
In line with the above legislation InfoTrack released an easy-to-use mobile application that simplifies the Verification of Identity (VOI) process. IDfy integrates into InfoTrack’s seamless online platform and helps create a secure, consistent and client-friendly system for identifying conveyancing clients. No photocopying, scanning or physical filing required.