We’ve been talking in Australia regarding electronic conveyance since 2015. It shocks me how far we are behind the world in relation to technology. We are told that Australia is keeping pace with the world, and in this ever shrinking global market technology is only a step away. What a load of garbage!

I had a client this week ring me and advised me that they’re going to live in Canada before they sell their property. We examined how we are going to get the contract signed and the transfer executed without being in the country. He requested to use a process called “DocuSign”. This is a system whereby you can execute an agreement on any electronic device. I advised him that we had commenced using DocuSign in the last 12 months, and have found it to be an asset to providing service to our clients.

“In the last year”. ”You must be a bit behind the rest.” he said to me.

This made me feel just a little bit sensitive because the Leverage considers that it keeps up with all the modern electronic trends. He at advised me that, it wasn’t that we were behind, it was Australia that was behind. The client told me that he bought his house in Canada and signed by DocuSign in, just wait for, 2008.

As Australian market strides into the electronic conveyancing marketplace, we now find that other countries in the world have been doing it for well over a decade. Are we just too conservative, on or are we just technologically retarded?

You have to question our mental capacity in relation to technology when it is released this week about Telstra’s attempt to create a 5G network. It has been leaked that, Telstra wanted to create a 5G network throughout Australia to speed up our communications. The Commonwealth Government rejected the application. On what grounds? If 5G is created, the government won’t be able to sell off the NBN. So what are we building the NBN network for, just to sell it to somebody.

If this is the intention, Mr Morrison you need to wake up! No one buys out of date technology. Why would somebody buy a technology where new technology exists which will go past it immediately.

Whoops, I forgot! The government can refuse this advance.

As we plunge to the 1st of July 2018 and electronic conveyancy becomes compulsory, we should stop our complaining and get on with it. This will only bring Australia into line with the rest of the world ten years ago!

 

This article was written by Bailey Compton, Principal Solicitor & Director at Leverage Group.

To get in touch with Bailey, please email info@leveragegroup.com.au