When e-dealing was introduced in 2003, compliance review was introduced as an audit designed to provide assurance to the Registrar-General of Land (RGL) that licenced conveyancing practitioners maintained compliance with statutory requirements and associated regulatory standards.
The RGL carries out periodic compliance reviews to verify that conveyancing practitioners hold the required authorities and documentation to support their e-dealing certifications. Many firms will be familiar with compliance review and have produced evidence of e-dealing transactions on request.
While compliance reviews are an effective tool for monitoring compliance on a transactional basis, a review of the process has shown that other audit methods have the potential to offer a greater level of assurance to the RGL and continuous improvement benefits to law firms.
More information available
- Information on the evidentiary requirements for each instrument type for compliance review - (pdf 75KB)
- Call for law firm responsiveness on e-dealing compliance reviews (Landwrap December 2007)