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LIV calls for PEXA rethink

LIV calls for PEXA rethink

By Belinda Wilson

Conveyancing Securities Technology 


More security needs to be in place before the e-conveyancing system becomes mandatory. Cybercrime is one of the biggest issues confronting the legal profession and the community. This is one of the reasons the LIV has been actively involved in the development and processes for delivering electronic conveyancing to Victorian legal practitioners for many years. E-conveyancing is being delivered by Property Exchange Australia Limited (PEXA). It is owned by the Victorian, NSW, Queensland and West Australian governments and Australia’s four major banks, Macquarie Capital, the Little Group and the Link Group. The LIV has worked with the Law Council of Australia and state and territory law associations to make sure the e-conveyancing system meets the needs of practitioners and their clients. The LIV raised concerns about security and privacy when it was first proposed and when PEXA was formed to run the online system. LIV Council member and property law specialist Simon Libbis has done a lot of work around raising security concerns, and the LIV’s Property Law Committee has produced material and videos to help educate members about e-conveyancing.

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