❓ Ms. Duncan asks how the Liberal-National government is saving time and money through electronic conveyancing. The Minister for Lands responds by highlighting Landgate's innovation and the benefits of Property Exchange Australia (PEXA) in modernizing land transfers and reducing errors.
AnsweredQoN 971Legislative Assembly
QuestionView source ↗
REPEAL
WEEK — ELECTRONIC CONVEYANCING
971. Ms W.M. DUNCAN to the Minister for
Lands:
In the spirit of Repeal Week and reducing red tape, can the
minister explain how the Liberal–National government is helping to save
time and money through the introduction of electronic conveyancing?
WEEK — ELECTRONIC CONVEYANCING
971. Ms W.M. DUNCAN to the Minister for
Lands:
In the spirit of Repeal Week and reducing red tape, can the
minister explain how the Liberal–National government is helping to save
time and money through the introduction of electronic conveyancing?
AnswerView source ↗
I thank the member for Kalgoorlie for the question. All
members in this place will know that the foundation of our economy is our land
ownership structure and that the capacity to manage transfers of land in a very
orderly and managed way is significant for how we do business in a modern
economy. We know that Landgate manages the transfer of land and registries
within government. Landgate is one of the world leaders in how it does business
and often has representatives from overseas come to Western Australia to see how
we do it so that they can modernise how they do business in other parts of the
world. Landgate also brings a lot of innovation to the table, such as the
Shared Location Information Platform, which is used to put government
information on a geographical platform that can be accessed by not only the
private sector, but also various government agencies. Landgate brings a lot of
innovation to the table.
I want to talk today about e-conveyancing. That is electronic
conveyancing, which is online transactions and property settlements. The
Transfer of Land Act was created in 1893, and in many ways the methods that we
transfer land have not changed much since then. All the parties to a
transaction have to come to one spot to exchange bits of paper to ensure that every
bit of information is right. It is interesting that 30 per cent of that goes
wrong; 30 per cent of paper-based transactions have some sort of fault or
failing in them. Something is spelt wrong, or a wrong word is in the wrong
place and it has to be fixed to ensure that the transaction is done properly.
That is not efficient. In order to do it in a modern way we now have Property
Exchange Australia, the online company. We are partners in that platform—that
property exchange company—with the New South Wales, Victorian and
Queensland governments, and the four big banks. That is the way of doing
business in a modern world and we are supporting that through the Liberal–National
government. By doing this we are saving people time and money. This week is
Repeal Week and it is really important that we get on board the efficiencies in
our economy that this government is trying to achieve.
members in this place will know that the foundation of our economy is our land
ownership structure and that the capacity to manage transfers of land in a very
orderly and managed way is significant for how we do business in a modern
economy. We know that Landgate manages the transfer of land and registries
within government. Landgate is one of the world leaders in how it does business
and often has representatives from overseas come to Western Australia to see how
we do it so that they can modernise how they do business in other parts of the
world. Landgate also brings a lot of innovation to the table, such as the
Shared Location Information Platform, which is used to put government
information on a geographical platform that can be accessed by not only the
private sector, but also various government agencies. Landgate brings a lot of
innovation to the table.
I want to talk today about e-conveyancing. That is electronic
conveyancing, which is online transactions and property settlements. The
Transfer of Land Act was created in 1893, and in many ways the methods that we
transfer land have not changed much since then. All the parties to a
transaction have to come to one spot to exchange bits of paper to ensure that every
bit of information is right. It is interesting that 30 per cent of that goes
wrong; 30 per cent of paper-based transactions have some sort of fault or
failing in them. Something is spelt wrong, or a wrong word is in the wrong
place and it has to be fixed to ensure that the transaction is done properly.
That is not efficient. In order to do it in a modern way we now have Property
Exchange Australia, the online company. We are partners in that platform—that
property exchange company—with the New South Wales, Victorian and
Queensland governments, and the four big banks. That is the way of doing
business in a modern world and we are supporting that through the Liberal–National
government. By doing this we are saving people time and money. This week is
Repeal Week and it is really important that we get on board the efficiencies in
our economy that this government is trying to achieve.
Explore WA Government Data
Search the full archive in the free dashboard, or query programmatically via API.
Explore more
Government Gazette
Appointments, regulatory notices, planning changes.
Hansard
Debates, questions, speeches and sentiment.
Tabled Papers
Reports and documents tabled in Parliament.
Committees
Committee profiles and recent reports.
Regulations
Subsidiary legislation with filters and summaries.
Bills
Proposed laws and parliamentary progress.
Acts
Current WA legislation and summaries.
Explanatory Memoranda
Bills with EMs (text/PDF) available.
Members
MP profiles, party breakdown and rankings.
Pollie Rankings
Data-driven rankings across 19 categories.
Amendment Chains
Track how schemes and regulations evolve over time.