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Consumer issues: It's a new day, it's a new dawn, it's a new life : PEXA, electronic conveyancing, and consumers

Citation

Griggs, LD, Consumer issues: It's a new day, it's a new dawn, it's a new life : PEXA, electronic conveyancing, and consumers, Property Law Review, 6, (2) pp. 117-121. ISSN 1838-3858 (2016) [Refereed Article]

Copyright Statement

Copyright 2016 Thomson Reuters (Professional) Australia Limited

Official URL: http://legal.thomsonreuters.com.au/property-law-re...

Abstract

The most significant change to conveyancing since the introduction of the Torrens system is now underway. The nationwide rollout of electronic conveyancing through Property Exchange Australia (PEXA) aims to deliver a system that will minimise manual procedures, be quicker than traditional conveyancing, eliminate the need for physical interaction between participants, and deliver a more certain outcome. Consumers should also benefit, with 25% of current buyers suffering financially under the existing paper-based manual processes. In this article, the role of PEXA is outlined and then consideration is given to the consumer benefits of participating in online settlements.

Item Details

Item Type:Refereed Article
Keywords:PEXA, Consumer, Land
Research Division:Law and Legal Studies
Research Group:Law
Research Field:Law not elsewhere classified
Objective Division:Law, Politics and Community Services
Objective Group:Justice and the Law
Objective Field:Justice and the Law not elsewhere classified
Author:Griggs, LD (Mr Lynden Griggs)
ID Code:113073
Year Published:2016
Deposited By:Law
Deposited On:2016-12-09
Last Modified:2017-03-23
Downloads:0

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