DISTRIBUTION: Solicitors/BanksSUBJECT: Transfer by Direction ceasing to be accepted from 1 January 2011
I have received a request from the Commissioner of State Revenue to consider the cessation of accepting "Transfers by Direction" within the Land Titles Office (LTO).
I have considered the affect that this will have on both clients and the LTO including the following;
- "Transfers by Direction" are not compatible with transfers by electronic conveyancing;
- The number of such transfers lodged is extremely small;
- Any other impact is negligible.
Accordingly, I have decided to agree to the Commissioner's request and advise that "Transfers by Direction" will not be accepted as a valid transfer of land from 1 January 2011.
Recorder of Titles