LIXI Evening Series event on Bridging the Gap to Electronic Conveyancing with "Incremental Value"

The LIXI Evening Series event on Bridging the Gap to Electronic Conveyancing with "Incremental Value" - How the NSW Land Registry Transaction Services can improve efficiency in conveyancing was held in Sydney on March 30th and was very well attended by industry representatives. The focus of the presentation was on the value that will be delivered to industry during the initial phases of NECS implementation as it takes shape.
 
In 2009, LIXI held some Evening Series events to ensure that broad industry input was available to the NECS requirements group and the Land Registries. LIXI had been approached by several industry participants to use our collaborative and consultative member process to determine how and whether business driven, industry solutions in settlement can be identified and implemented.
 
Chris White of the NSW Land and Property Management Authority (LPMA) presented the titles office view of how the LPMA will meet the requirements from NECS and industry on electronic integration and automation. The LPMA has proposed that a number of services be available as soon as possible, including title search information, title activity check, and lodgement verification, this is the “incremental value” that industry is looking for. Each of these would be delivered via the industry standard data transactions that LIXI is developing for the NECS transactions. These proposals are detailed in an LPMA consultation paper ‘Land Registry transaction services for conveyancing’ available at http://necsnsw.lands.nsw.gov.au/publications .
 
The presentation was very well received, industry representatives welcomed the NSW initiatives and the robust discussions that followed made it clear that as long as the LPMA proposal were part of a consistent and standardised national agenda – which it is - then take-up of the services would progress rapidly.
 
The next steps involve a number of facets. The LIXI NECS data standards working group is always happy to take feedback of course, and the LPMA is also very open to industry discussions. In particular the LPMA has some discussion documents available on their website. LIXI will also review the proposals in detail to ensure that the data standards are well suited to the requirements. And overall we look forward to the development of the capability for and delivery of these services over the coming months.
 
LIXI would like to take this opportunity to thank Chris White and the LPMA for taking this initiative and for hosting the event for LIXI members.