The Alphabet of Electronic Conveyancing

ARNECC, ELN, ELNO, ECNL, PEXA — What are these?

Gabor Szathmari
Aug 27, 2018 · 4 min read
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The Building Blocks of Electronic Conveyancing Platforms

The legal framework surrounding the new way of conveyancing was developed by the Australian Registrars’ National Electronic Conveyancing Council (ARNECC) under the Electronic Conveyancing National Law (ECNL) as depicted below:

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Figure 1: The National Electronic Conveyancing Legal Framework

Electronic conveyancing experience in the UK

While electronic conveyancing is relatively new to Australia, paperless conveyancing is a reality overseas. Even though the differences between land registration systems (e.g. English land law versus Torrens title), it still gives us the opportunity to learn from failures elsewhere and avoid some generic pitfalls.

Conclusion

Given the NSW Government’s target of 100% electronic conveyancing by July 2019, this is an important area of reform where legal and cyber security practitioners must work together to support the vision of the government for the benefit of society. To this end, it is crucial that the public is informed of the basic facts to empower them to take full advantage of the capability of electronic conveyancing while protecting their financial well-being. As conveyancing fraud is a growing threat in Australia, cyber risks associated with electronic conveyancing should be identified and mitigated. Success stories and lessons learned are available overseas where electronic conveyancing was introduced earlier.


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