LPI is committed to consultation with industry to ensure all affected parties have a stake in developing the design, functionality and supporting arrangements for National Electronic Conveyancing. Throughout the consultation process, stakeholders are encouraged to provide feedback on proposals. LPI provides a feedback report detailing how industry input influenced final decisions.
Uniform National Mortgage
National consultation has begun on a new National Mortgage Form (NMF), which is expected to be introduced in 2015. The Form will standardise and streamline the process of preparing real property mortgages across all States and Territories.
Since late 2012, a working group of representatives of land registries, financial institutions and Property Exchange Australia Pty Ltd (PEXA), chaired by the Australian Bankers’ Association, has been developing a national mortgage form.
The objective of the work is to standardise the land registry requirements for mortgage forms across jurisdictions and make the process for preparing a mortgage form consistent regardless of whether lodgment will be made in paper or electronically through PEXA.
The working group has reached the stage where they are seeking wide ranging feedback on the draft National Mortgage Form (PDF Smart form) that has been developed.
The following materials are published to assist your review and comment:
- National Mortgage Form (PDF 1 MB) Smart form
- Questions and Answers (PDF 243.3 KB)
- National Mortgage Form Victoria example (PDF 51 KB)
- National Mortgage Form Queensland example (PDF 15.2 KB)
Aligning paper and electronic conveyancing
LPI is conducting public consultation on aligning electronic and paper conveyancing, and minimising inconsistencies between the states and territories.
The Conveyancing Reform - Concurrent Electronic and Paper Conveyancing (PDF 1.0 MB) was released in May 2014.
Consultation paper series
View previous papers in the consultation series.