Statutory authority for the review
Sections 164A(3)(d) and 164C of the Land Transfer Act 1952 and Regulation 14 of the Land Transfer Act Regulations 2002 specifies that:
- The Registrar-General of Land (RGL) is authorised to undertake a compliance review of e-dealing certifications provided by practitioners.
- Practitioners must hold supporting evidence showing the truth of their certifications and retain the evidence for 10 years.
The review process
- A small sample of e-dealing transactions is selected for review.
- The practitioner is requested to complete a questionnaire and supply supporting evidence for the certifications given in the e-dealings selected for review.
- The supporting evidence must be supplied to the RGL within 10 working days of the request being received.
- The RGL will issue a compliance certificate at the end of the review.
What you can do to minimise the impact on you
- Set up protocols to ensure that supporting evidence is retained and can be easily accessed.
- Ensure that all relevant authorities and other necessary evidence are returned to the RGL with the review questionnaire.