In an ideal world, you would have a close relationship with your conveyancer and that little check and balance would make sure that you are who you say you are.
However, as communities get bigger, it becomes easier for people to create false identities and commit title fraud.
In response, governments around Australia have brought in provisions to demand we, along with any conveyancers, lawyers or mortgagees involved in a conveyancing transaction apply the protocols of an official Verification of Identity process.
Here’s how it will affect you.
Is this really you?
South Australia’s Verification of Identity Policy (VOI) came into effect on July 1, 2013 and the transition period ended on April 30, 2014.
This means we need to carry out an identification process with you and all our clients.
Real property documents that require the new statement of verification include:
- application to register death by survivor
- transmission application
- memorandum of transfer
- memorandum of mortgage
- application for substitute certificate of title
Driver’s licence, passport, have them at the ready when transferring property
It might help to think of this new verification of identity system as similar(although slightly different)Â to the 100-point system used by banks when you open a bank account.
To that end, there are a range of documents that you will more than likely require with the main ones being:
- Birth Certificate
- Driver’s licence
- Passport
For some people, these provisions might seem daunting at first but I would urge you to chat with any of our team of conveyancers and we will guide you through the process smoothly.