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New Verification of Identity Policy

In order to reduce the risk of title fraud, each state authority introduced reforms for a new Verification of Identity Policy (VOI)

As part of the Western Australia’s commitment to the implementation of electronic conveyancing, business practices, and policy changes are required. The introduction of VOI is the first step in policy changes required to provide a consistent approach for real property transactions in both the current paper lodgement system and electronic conveyancing when it is implemented.

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 Western Australias 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, Medicare care card and more. Your conveyancer will assist you to understand what documents may be used to meet the minimum requirements.

See more information here from LANDGATE

 

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