The basis of the regulatory framework for National Electronic Conveyancing in Australia is an Intergovernmental Agreement (IGA) entered into in 2011 by the governments of the six States and the Northern Territory and known as the Electronic Conveyancing National Law Agreement.
The IGA establishes ARNECC and sets out its objectives on behalf of the Registrars in each participating State and Territory as:
- to provide advice on the National Electronic Conveyancing Law (ECNL) and any matters relating to National Electronic Conveyancing
- to ensure that as far as practicable business practices with respect to National Electronic Conveyancing are consistent when implemented in each jurisdiction
- to develop and maintain one national set each of Model Operating Requirements (MOR) and Model Participation Rules (MPR) to be implemented as Operating Requirements and Participations Rules respectively in each jurisdiction to facilitate National Electronic Conveyancing.
In accordance with the IGA, the Parties to the agreement are required to review the operation and terms of the IGA after seven years. The Review Scope and Governance Arrangements for the review are available below:
|ARNECC Position Statement
Effecting Legislative and Regulatory Change to Support an Efficient and Effective Market with Competing Electronic Lodgment Networks
|IGA Review Issues Paper||Feb 2019|
|Review Scope||Oct 2018|
|Governance Arrangements||Oct 2018|
This is the Electronic Conveyancing National Law Agreement entered into in 2011 by the six States and the Northern Territory to provide governance for the development, implementation and management of the regulatory framework for electronic conveyancing in Australia.