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Going through the obstruction, the Torrens System Assurance Fund and contemporary solutions- a tale weaved from a story of a nun, a romantic triangle and a sibling corruption

journal contribution
posted on 2023-05-18, 04:54 authored by Low, R, Lynden Griggs
Private title insurance has been the subject of much debate by law reform bodies and academics. This article adds a new dimension to the discussion by analysing its role against a recent scenario where a nun was betrayed by the actions of her brother, and compensation payable from the assurance fund, after much challenge by the registrar, amounted to in excess of $4 million.We ask whether the slow burning of title insurance into the psyche of Australian home purchasers will see state-based assurance fundings looking to minismise their role in the Torrens system. We also query how the rather more immediate electronic establishment of electronic conveyancing will alter the balance between the assurance fund, private title insurance and the increasing responsibilities on stakeholdes involved in conveyancing.

History

Publication title

Australian Property Law Journal

Volume

23

Pagination

17-35

ISSN

1038-5959

Department/School

Faculty of Law

Publisher

LexisNexis Butterworths

Place of publication

Australia

Rights statement

Copyright 2014 LexisNexis

Repository Status

  • Restricted

Socio-economic Objectives

Justice and the law not elsewhere classified

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