Q. What changes are being introduced in respect of Certificates of Title?
A. From 1 October 2019, a paper Certificate of Title will become an item of historic or sentimental value only and will no longer need to be deposited with the Titles Registry when a transaction is lodged over the title. Until 1 October 2019, the current legislative provisions that govern paper Certificates of Title remain in place.
TIP – Until 1 October 2019, Sellers need to ensure the security of their original Certificates of Title as these will still be required to be produced by the Seller at settlement.
Please don’t hesitate to contact us if you have any queries regarding the new changes, we are more than happy to assist.