On 11 October 2021, all certificates of title will be cancelled and all dealings will be lodged electronically.
What this means for land owners:
- No more certificates of title after settlement or after paying off mortgages;
- The legal remedy for requiring the return of certificates of title from others is abolished;
- The public cannot lodge dealings on land without assistance from a property lawyer or conveyancer (most are PEXA subscribers).
- People wishing to lodge a dealing over land must have their identity verified by the PEXA subscriber and must establish their right to deal with their land.
- Verification of identity involves an in person meeting with the PEXA Subscriber and inspection of identification documents.
- Establishing the right to deal with land involves providing evidence of ownership (e. g current rates notice, land tax assessment etc).
Short-term letting – Updated Code of Conduct
The Code of Conduct for the short-term rental accommodation industry was updated on 28 May 2021. Landlords providing short term rental accommodation must comply with the Code of Conduct or face penalties of up 1,000 penalty units for corporate owners or up to 200 penalty units for individuals (one penalty unit is equal to $110).