The Land and Property Information NSW (Authorised Transaction) Act 2016 establishes the mechanism for the Registrar General to be the regulator of a privately operated land title business.
As a first step to achieving this, the language of the Real Property Act 1900 has been changed so that documents are to be “lodged with the Registrar General” and things are required to be done “by the Registrar General”. This will enable the Registrar General to delegate certain functions to a private operator while retaining responsibility for the proper performance of those functions.
The Torrens Assurance Fund is retained as the central feature of the land title system, which continues to be backed by the State guarantee of title.
More information is available on the Office of the Registrar General website.