sec.5Object of this Law

sec.5 Object of this Law

The object of this Law is to promote efficiency throughout Australia in property conveyancing by providing a common legal framework that: enables documents in electronic form to be lodged and processed under the land titles legislation of each participating jurisdiction, but does not derogate from the fundamental principles of the Torrens system of land title as incorporated in the land titles legislation of each participating jurisdiction, such as indefeasibility of title. In order to achieve this object, this Law, among other things, authorises the Registrar in each participating jurisdiction to operate or authorise the operation of an Electronic Lodgment Network, and provides for the making of rules relating to the operation of the Electronic Lodgment Network. (sec.5-ssec.1) The object of this Law is to promote efficiency throughout Australia in property conveyancing by providing a common legal framework that: enables documents in electronic form to be lodged and processed under the land titles legislation of each participating jurisdiction, but does not derogate from the fundamental principles of the Torrens system of land title as incorporated in the land titles legislation of each participating jurisdiction, such as indefeasibility of title. (sec.5-ssec.2) In order to achieve this object, this Law, among other things, authorises the Registrar in each participating jurisdiction to operate or authorise the operation of an Electronic Lodgment Network, and provides for the making of rules relating to the operation of the Electronic Lodgment Network.

• (a) enables documents in electronic form to be lodged and processed under the land titles legislation of each participating jurisdiction, but
• (b) does not derogate from the fundamental principles of the Torrens system of land title as incorporated in the land titles legislation of each participating jurisdiction, such as indefeasibility of title.