Authority update QLD: Replacement of Settlement Notices with Priority Notices

Preliminary notification confirming the replacement of Settlement Notices with Priority Notices from 1 January 2018

The current Queensland Settlement Notice mechanism will be replaced by a Priority Notice mechanism at the end of this year. 

This is part of a move toward national consistency in a range of titling processes to support national electronic conveyancing in Australia. 

This change will take effect from 1 January 2018 in line with the commencement by Proclamation of relevant provisions of the Land and Other Legislation Amendment Act 2017.  

It is important to note that there will be no transition period.  

This means Settlement Notices can only be lodged until the Titles Registry's close of business in December 2017. (TBC)

From the commencement of business in January 2018 only Priority Notices will be accepted for lodgement. It is anticipated a priority notice will be able to be lodged through eConveyancing, eLodgement or in paper  

Detailed information, including the new Priority Notice form and an update to the Land Title Practice Manual, will be made available in the coming weeks.

For more information see Further to Titles Registry Alert 131.

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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.