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// Customer Information Bulletin
Customer Information Bulletin #108 – Nov 2007
Electronic Conveyancing Release 2.0 commences
Release 2.0 of the Electronic Conveyancing (EC) System commenced on 16 November 2007.
It builds on the successful deployment of Release 1.0 of the EC System launched 21 August 2006.
EC Release 2.0 allows electronic financial property settlement, the lodgement of land transfers, mortgages and discharges of mortgage and withdrawal of caveats (not stand alone) into Land Victoria, and electronic payment of duty to the State Revenue Office.
The first group of subscribers to EC Release 2.0 will include:
- Bendigo Bank
- mecum Limited
- VicUrban
- GLN Conveyancing Services Pty Ltd
- Land & Property Transfers
- Link Conveyancing
- Low Cost Conveyancing Services
- Metropolitan Conveyancing Services
- McIntosh & Gaynor
- Victorian Real Estate Conveyancing Pty Ltd
- Victor Tse & Associates
- Rainbow Conveyancing Pty Ltd
Subscription requirements
Any organisation may become an EC System Subscriber and use the EC System provided they meet eligibility criteria specified in the EC System Rules and the Registrar’s Requirements (available online at www.landexchange.vic.gov.au/ec/legal_framework/index.html).
Minimum requirements to become a Subscriber are:
- an Australian Business Number
- a Victorian Online Titles System Customer Code
- insurance (as stated in the Registrar’s Requirements).
For a property transaction to be processed through the EC System, all parties must be EC System Subscribers. Subscribers will require consent from their clients to process a transaction through the EC System.
The existing paper-based conveyancing system will continue to operate alongside the EC System.
More information
Edition 94 of the Land Victoria Customer Information Bulletin (October 2006) provided an explanation of the changes customers will see as a result of the introduction of EC. It contained information on electronic instruments, electronic certificates of title, administrative notices and changes to the Register Search Statement. Copies can be obtained online at www.land.vic.gov.au by searching for Customer Information Bulletins.
For further information about eligibility requirements or becoming an EC System Subscriber, please contact EC Implementation Manager Victorina Pena on (03) 8636 3017 or email victoria.pena@dse.vic.gov.au.
For general EC enquiries contact EC Senior Business Administrator Samantha Holland on (03) 8636 3016 or visit the EC website at www.landexchange.vic.gov.au/ec
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Disclaimer
The Customer Information Bulletins (CIB) Search Tool (“Tool”) is provided by SERV to assist users in locating Customer Information Bulletins (CIBs) issued by Land Use Victoria (https://www.land.vic.gov.au/land-registration). This Tool provides a list of available CIBs based on search terms entered by users, displaying results in order from newest to oldest.
By using this Tool, users agree to these terms and acknowledge that SERV makes no warranties regarding the accuracy, completeness, or timeliness of the search results. Users accept responsibility for verifying the information obtained through the Tool against the original sources, including the official Customer Information Bulletins found here (https://www.land.vic.gov.au/land-registration) and any other requirements issued by the Registrar of Titles from time to time in accordance with the Transfer of Land Act 1958.