VOI Webinar Q & A
A legal entity registered to use an ELN to complete conveyancing transactions electronically, as or on behalf of, a Transacting Party.
Where a client is overseas, the Subscriber needs to decide what steps to take to verify the person’s identity having regard to the available services and options under the circumstances. One available option is to utilise the services of an Australian Embassy, High Commission or Consulate coupled with any necessary further steps in order for the Subscriber or mortgagee to be reasonably confident in the person’s identity. If they have an Apple device registered with the Australian App Store you have the option for the use of IDfy remote verification.
Anyone can use the Verification of Identity Standard. However, for it to be deemed reasonable steps the Standard must be properly carried out by one of the following categories of people: Subscriber; Mortgagee; or Identity Agent.
The VOI is an LPI requirement. You still require the required documents for OSR.
Yes, both the vendor(s) and purchaser(s) are required to be verified.
No, it is only required on your phone (Android or iPhone) or iPad for an in person verification. The client will only need an iPhone or iPad and the app downloaded in the instance of a remote verification (this is currently not available on Android) where you can use the video conferencing feature.
Download the IDfy from the App Store for iOS or the Android Play Store.
An in person verification is $9.90 and a remote verification is $10.90.
You are still required to verify the identity of the signer.
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