The key stakeholders involved in the development, implementation and operation of electronic conveyancing in Australia are:
Electronic Lodgment Network Operators
Electronic Lodgment Network Operators (ELNO) provide the means, an Electronic Lodgment Network (ELN), for transacting parties or their representatives to collaborate electronically on the preparation of registry instruments, the settlement of the funds and the lodgment of instruments with the land registry to complete conveyancing transactions.
Identity Agents provide identity verification services to the conveyancing industry.
The State and Territory land registries maintain the Torrens Registers of interests in land titles and receive the instruments necessary to register changes in interests as a result of conveyancing transactions. They also enable searches to be performed of the interests registered on land titles.
The State and Territory revenue offices provide stamp duty assessment services for, and receive duty payments from, conveyancing transactions.
Banks and other financial institutions provide mortgage financing for conveyancing transactions.
Mortgage brokers and aggregators originate loans secured by mortgages for financial institutions.
Legal practitioners represent transacting parties in completing conveyancing transactions.
In some jurisdictions, licensed conveyancers – who are not legal practitioners – represent transacting parties in completing conveyancing transactions.
Information brokers provide search and transaction services to the conveyancing industry.