In order to reduce the risk of title fraud…
Each state authority is introducing reforms for a new Verification of Identity Policy (VOI). In South Australia documents executed on or after 1 July 2013 are required to comply with the policy.
As part of the South Australian commitment to the implementation of electronic conveyancing, business practises and policy changes have been required. The introduction of VOI was the first step in policy changes required to provide a consistent approach for real property transactions in both the paper lodgement system and the electronic conveyancing system.
Purpose of the Policy
The policy reduces the risk of land title fraud and other improper land title dealings in South Australia, thereby strengthening the security, certainty and integrity of South Australia’s Torrens land title system.
How does it affect you?
Your conveyancer will explain what the requirements are and assist you through the process.
They may carry out the identification themselves or may use an agent to do so.
A variety of documents may be used to verify identity including passports, Australian driver’s licence, Proof of Age Card and more. Your conveyancer will assist you to understand what documents may be used to meet the minimum requirements.
For more detailed information about the process and requirement please see the Electronic Conveyancing Transactions – VOI Client Information Sheet.