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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 GriggsPrivate 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 JournalVolume
23Pagination
17-35ISSN
1038-5959Department/School
Faculty of LawPublisher
LexisNexis ButterworthsPlace of publication
AustraliaRights statement
Copyright 2014 LexisNexisRepository Status
- Restricted