Authority Updates - National - September 2016

New ARNECC Guidance Note - Compliance Examinations

Section 33 of the Electronic Conveyancing National Law provides the Registrar (in each jurisdiction) with the power to undertake a compliance examination, for the purpose of ascertaining whether or not the Participation Rules have been complied with by the subscriber. Subscribers will generally be selected at random and notified in writing.

At least 10 business days will be given to comply and the subscriber will be notified in writing of the examination's outcome.

The Australian Registrars' National Electronic Conveyancing Council (ARNECC) have recently published a Model Participation Rules (MPR) guidance note, that contains a checklist of what is covered
when a registrar contacts a subscriber to complete a compliance examination. See Guidance Note 6

Details in the Guide include: 

  • What a compliance examination is;
  • Why compliance examination is necessary;
  • When a compliance examination will be conducted; and
  • How a compliance examination will be conducted

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Disclaimer: The information herein has been prepared by SAI Global Property Division Pty Ltd  ACN 089 586 872 from information released by the Authority cited on this page. It is provided as general background information only; it is not complete; and it does not comprehensively address this subject matter. Readers should not consider the information so provided as advice nor as a recommendation to take any particular course of action. Persons needing advice should consult their own solicitor, accountant or other professional adviser.