Recorded Webinar: Electronic Property Transactions: Managing Risk in the New Normal

The move over the last five years to more streamlined technology and electronic procedures in conveyancing has been given a further boost and added dimension by an increase in remote working arrangements and new rules for conveyancing practice and procedure resulting from the Covid-19 fallout. Nevertheless, these changes have also increased transactional risks, and this session provides a guide to practitioners on how to factor in and minimise risks in the new normal, including:

• PEXA procedures and responsibilities – how the system has changed the role of practitioners
• Practitioners as the “guardian at the gate” – the lessons from Guirgis v JEA Developments Pty Ltd
• A toolkit for what practitioners should consider when making certifications and statements
• Tips and traps for electronic witnessing and signatures – the controls that need to be in place
• Follow-up signatures, multiple documents and record-keeping – evidentiary and other requirements
• Corporations law requirements and electronic signatures
• The risks of a remote VOI regime and obligations of practitioners as identity agents – what are “reasonable steps”?
• What should a diligent practitioner be doing – fraud and risk minimisation, using third party verifiers and management of potential liability.