The switch to electronic conveyancing in Tasmania has reached a new milestone, with Tasmanians now able to electronically transfer titles for most sales and purchases of real estate.
The new features follow an initial August 2024 rollout allowing Tasmanians to submit mortgages and discharges of mortgages.
Minister for Parks, Nick Duigan, said the ongoing switch to electronic conveyancing will deliver better outcomes for both individuals and businesses.
"The days of having to exchange paper cheques between banks and conveyancers in Tasmania is now a thing of the past," Minister Duigan said.
"Electronic conveyancing is resulting in better security, more convenience, and faster turnaround times for parties using the system.
"Reducing red tape and making Tasmania the best place to invest, grow and do business is what our 2030 Strong Plan for Tasmania's Future is all about.
"The Tasmanian Government is proud to have invested $2 million into the switch to electronic conveyancing, an important milestone in the history of the Land Titles Office," Minister Duigan said.
An Electronic Lodgement Network Operator (ELNO) facilitates the transaction process, with Property Exchange Australia Ltd (PEXA) being the current approved ELNO in Tasmania.
