this product is unavailable for purchase using a firm account, please log in with a personal account to make this purchase.

2020/21 Membership Year

Your membership is due for renewal by 30 June 2020. 

Renew Now
Select from any of the filters or enter a search term

PEXA hack boosts calls for delay

PEXA hack boosts calls for delay

By Karin Derkley

Conveyancing Securities Technology 

Security breaches have compounded concerns about the mandatory electronic conveyancing system. Property lawyers were apprehensive about the imminent mandating of electronic conveyancing even before the widely publicised hack in June of a PEXA account that led to a young couple losing $250,000 their home sale proceeds. Mandatory electronic conveyancing of all property transactions is scheduled to begin in Victoria on 1 October. The changes mean all practitioners will need to use an Electronic Lodgement Network Operator (ELNO) to lodge and settle property transactions. Now, PEXA, which is partially owned by state governments (including Victoria) and the major banks, is the only ELNO in Australia, although conveyancing technology company InfoTrack is working with the ASX to get its ELNO Sympli platform up and running before the end of the year.

The content you are trying to access is exclusive to LIV members*

To access your exclusive member content please click the 'Already a Member' button below and you will be redirected automatically.

Not a member but would like to find out about the value of LIV membership? Click the 'Become a Member' button below or call our membership team on (03) 9607 9470.

*Note that some content may be exclusive to specific types of members. If you would like to inquire about your access please contact the membership team on (03) 9607 9470.