Why lawyers need to stop emailing Trust Account details and Contracts
Australian businesses lost more than $7.2 million to email scammers last year with a reported loss of $107 million according to a new ACCC Report. “Scammers are hacking business email systems and impersonating the intended…
PlanIT is in strong demand for off-the-plan developments
Since its introduction in March 2017, PlanIT continues to be the most widely used solution in strong demand from top and mid-tier law firms, real estate agents and developers. PlanIT is an electronic solution that…
How changes to verifying identity is impacting the way you do business
Identity fraud impacts millions of Australians each year. With states across the country formalising verification of identity (VOI) requirements to prevent fraud. VOI is no longer about just complying with regulations, but also about protecting…
Top benefits of the sharing economy for your business
A sharing economy is an economic system in which assets or services are shared efficiently. In May 2019, Forbes quoted a study by PWC predicting that the sharing economy is projected to grow from $15 billion in…
Is your firm adapting to changing consumer behaviour?
There was a time when a consumer’s purchasing needs and opportunities were restricted: when the shop closed, so did their ability shop. Business and shopping hours were finite and limited. Inevitably, with technological advancements, our…
The evolution of e-settlements
Despite its increased prominence and continued growth, the sharing economy won’t completely replace traditional economic networks anytime soon. It’s more likely to force existing industries to become more like the collaborative platforms that challenge them,…
In the Torrens system, registration (without fraud) is still trumps
The recently reported case, Perebo Pty Ltd v Wayville Residential Investments Pty Ltd and Ors [2019] SASC 35 Stanley J., enforced the indefeasibility of title obtained by registration in the absence of fraud and other…
E-conveyancing terms and acronyms
Industry terms and acronyms E-settlements Electronic settlements refers to conveyancing transactions settled via a platform electronically. E-conveyancing Electronic conveyancing refers to the end to end workflow in property exchange. CAF Client Authorisation Form enables a…
E-conveyancing – it’s real and it exists today
E-conveyancing has been talked about in Australia for over 10 years and the conversation has typically revolved around electronic settlement. The terms e-conveyancing and e-settlements have been used interchangeably, but e-settlements are only one part…
Last days of paper conveyancing in NSW
Right now, conveyancers and lawyers lodge around 80 per cent of all possible dealings electronically in NSW. For more statistics, including a breakdown of subscriber uptake by area code, on our statistics page. And very…
