Here's what you need to know
Just in time for the holidays, the ACT has become the most recent Australian jurisdiction to introduce online property settlements. This follows the approval of digital settlement legislation by the Territory government back in 2020.
This brings the ACT in line with NSW, VIC, Western Australia and South Australia who have all mandated electronic conveyancing at various points over the past three years. You can expect the first ‘live’ electronic settlement to occur in the ACT before the end of 2021.
So, what does this mean for you? What can you expect and where can you turn to for help?
Since COVID-19, the legal professional has been under unprecedented pressures and e-conveyancing can lessen these challenges.
Is e-conveyancing safe?
Yes, e-conveyancing with InfoTrack is safe. With the increasing transition to electronic transactions, protecting your customer data is more critical than ever. InfoTrack is committed to ensuring that our platform and cyber security measures remain in place at the highest level to ensure you receive secure, ongoing access to all products and services, and data is stored and managed in accordance with current ISO 27001 standards.
InfoTrack offers intuitive property matter workflows built for you. Our end-to-end e-conveyancing solutions allow you to begin your property matter with a verification of identity, save a collection of frequently used Titles and Certificates, sign electronically and complete an e-settlement all in one platform. The step-by-step workflow leads you through your matter, tailored to the unique sale or purchase requirements requested by your client. This sets your firm apart from the rest as you cater to the needs of your client, while staying efficient and productive.
Amanda Spencer, Principal of Bridge Legal says, “The best part of the e-conveyancing workflow is that it steps you through the process. Being online, it means you can access the services, anywhere at any time. We receive training regularly which is great when we onboard new staff, meaning we can get on top of work quickly.”
What if I have never lodged an electronic settlement before?
Built specifically to assist with the shift to e-conveyancing, SettleIT, powered by InfoTrack, will help you to settle properties while adhering to e-conveyancing guidelines. InfoTrack’s purpose-built electronic settlement service allows you to outsource any upcoming property settlement, sharing the load on the administrative aspects of conveyancing, post unconditional contract exchange. With one click, you can book an Australian-based, SettleIT agent who will act under your instructions and provide a personalised fixed-price service. This means if you don’t want to and/or don’t have the resources, you don’t need to learn the e-settlement process. Our local team can do it for you, while you maintain full control. Furthermore, to ensure social distancing guidelines are adhered to, electronic settlements can be instigated from your home or office, today.
Transitioning to using new technologies or implementing new ways of completing tasks can take time. As a leading legal technology innovator, InfoTrack is committed to providing solutions that meet the needs of the industry, especially during times of changing regulations. SettleIT was developed to support lawyers and conveyancers through the transition to e-conveyancing practices. It allows law firms, conveyancers, and financial institutions to continue engaging in property matters by outsourcing their individual settlement and lodgment requirements. Practitioners who are unfamiliar with the online process can continue taking on property matters, without the hassle of learning new technology. It also buys time for firms to properly train their staff, whilst still handling client matters to a high standard.
If your ACT-based firm needs support with the transition to e-settlement, SettleIT offers access to a wide selection of trusted agents across Australia.
As the pioneers of e-conveyancing and experts in the changing legal landscape across all Australian jurisdictions, InfoTrack understands the unique requirements of lawyers and conveyancers in different states across the country and can cater to your needs no matter if you are based in the office or working remotely. Take advantage of the solutions on offer and get started with InfoTrack today.
