E-Government: Making Australia's E-Conveyancing System a Reality

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Title E-Government: Making Australia's E-Conveyancing System a Reality
Author Clark, Eugene
Publication Title Proceedings. 2010 IEEE Sixth International Conference on e-Science Workshops
Editor Bob Werner
Year Published 2010
Publisher IEEE
Abstract This paper reports on progress towards achieving the National Electronic Conveyancing system (NECS) and analyse its significance in the general context of e-Government. The NECS is one of the most significant e-government projects ever undertaken. NECS was created by Australian State and Territory Governments in 2005 and significant progress has been made over the past five years.. This is a significant development because property transactions are one of the most significant and pervasive commercial activities engaged in by almost all Australians at some time in their lives. Conveyancers, legal practitioners, financial institutions, mortgage processors and other players involved in conveyancing will be able to access the NECS online with an electronic workspace provided for each property transaction. The system will allow users to provide, secure, certify and sign documentation that will be used to update the Torrens Title Registers in each State and Territory. This will involve the issuance of Digital Signature Certificates issued under the Australian Governments Gatekeeper Framework which will ensure authentication and prevent repudiation and various risk mitigation and fraud prevention measures will be taken. Financial settlement will occur through the Reserve Bank's Information and Transfer System (RITS) with disbursements received promptly and cleared for reuse. The State and Territory Revenue Offices will receive duty and tax payments electronically as cleared funds from the settlements through the NECS. Consumers will authorise their practitioners to use NECS on their behalf and be able to track the progress of their transaction via limited Internet access to the NECS. Financial institutions will be able to integrate their services and mortgage documentation systems with the NEC system. Collectively, the NECS is an excellent example of what is required if the promises of e-government are to be realised.
Peer Reviewed Yes
Published Yes
Publisher URI http://www.escience2010.org/
Alternative URI http://dx.doi.org/10.1109/eScienceW.2010.32
ISBN 978-0-7695-4295-9
Conference name 2010 IEEE Sixth International Conference on e-Science Workshops
Location Brisbane, Queensland
Date From 2010-12-07
Date To 2010-12-10
URI http://hdl.handle.net/10072/36448
Date Accessioned 2011-02-09
Date Available 2011-03-16T07:57:03Z
Language en_AU
Faculty Griffith Business School
Subject Property Law (excl Intellectual Property Law)
Publication Type Conference Publications (Full Written Paper - Refereed)
Publication Type Code e1

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