With the imminent introduction of mandatory electronic conveyancing, it is important to consider how incomplete gifts of Torrens land will be treated under the electronic system. This article considers how standalone transfers (transfers without an underlying contract) are currently treated in PEXA, and how the process differs from paper-based transfers. The impact of the differences on whether a gift is complete in equity is then considered, both in relation to transfers where parties are separately represented, and transfers where the same solicitor or conveyancer acts for both parties. It is concluded that differences between a paper-based transaction and an electronic transaction will have a substantial impact upon the treatment of incomplete gifts.
|Number of pages||13|
|Journal||Australian Property Law Journal|
|Publication status||Published - 2018|