Creating restrictive covenants in transfers and restrictions in plans

Land Use Victoria is consulting on proposed changes to creating restrictive covenants in transfers and restrictions in plans.  It is proposed to include the changes in the next version of the Registrar's requirements for paper conveyancing transactions and for the changes to take effect on 1 October 2017

Consultation paper

The Consultation paper was released on 2 December 2016.

Consultation on the Registrar of Titles' proposal on how restrictive covenants and restrictions are created in transfers and plans (DOCX, 121.5 KB)


SPEAR Electronic Lodgment Network Participation Rules

On 26 April 2017 the Registrar of Titles determined Version 1 of the SPEAR Electronic Lodgment Network Participation Rules under section 23 of the Electronic Conveyancing National Law (Victoria).

Version 1 of the SPEAR Electronic Lodgment Network Participation Rules were published on 27 April 2017 and take effect on 27 May 2017.

In determining the SPEAR Electronic Lodgment Network Participation Rules, the Registrar adopted, where applicable, the model participation rules developed and approved by the Australian Registrars' National Electronic Conveyancing Council (ARNECC).

SPEAR Electronic Lodgment Network Participation (DOCX, 591.2 KB)


Registrar's Requirements for Paper Conveyancing

On 26 April 2017 the Registrar of Titles determined Version 3 of the Registrar's Requirements for Paper Conveyancing under section 106A of the Transfer of Land Act 1958.

Version 3 of the Registrar's Requirements for Paper Conveyancing were published on 27 April 2017. Version 3 comes into operation on 27 May 2017 and takes effect as set out in the Registrar's Requirements for Paper Conveyancing.

Registrar's Requirements Version 3 (DOCX, 926.5 KB)
Registrar's Requirements Version 3 (changes highlighted) (DOCX, 866.7 KB)

The Registrar of Titles previously determined Version 2 of the Registrar's Requirements for Paper Conveyancing in March 2017 and Version 1 in September 2015 respectively.

Version 2

Registrar's Requirements Version 2 (DOCX, 899.8 KB)
Registrar's Requirements Version 2 (changes highlighted) (DOCX, 901.3 KB)

Version 1

Registrar's Requirements Version 1 (PDF, 258.6 KB)
Registrar's Requirements Version 1 (DOCX, 518.0 KB)


National electronic conveyancing - Operating Requirements and Participation Rules

On 26 April 2017 the Registrar of Titles determined Version 4 of both the Operating Requirements and Participation Rules for electronic conveyancing under section 22 and section 23 respectively of the Electronic Conveyancing National Law (Victoria).

Version 4 of the Operating Requirements and Participation Rules were published on 27 April 2017 and take effect on 27 May 2017.

In determining the Operating Requirements and Participation Rules, the Registrar adopted the model operating requirements and model participation rules developed and approved by the Australian Registrars' National Electronic Conveyancing Council (ARNECC).

Operating Requirements Version 4 (DOCX, 1.3 MB)
Operating Requirements Version 4 (with changes highlighted) (DOCX, 1.3 MB)

Participation Rules Version 4 (DOCX, 1.2 MB)
Participation Rules Version 4 (with changes highlighted) (DOCX, 1.3 MB)

The Registrar of Titles previously determined Version 3 of the Operating Requirements and Participation Rules in September 2015, Version 2 in May 2014 and Version 1 in April 2013.

Version 3

Operating Requirements Version 3 (PDF, 318.6 KB)
Operating Requirements Version 3 (DOCX, 297.8 KB)

Participation Rules Version 3 (PDF, 288.0 KB)
Participation Rules Version 3 (DOCX, 258.4 KB)

Version 2

Operating Requirements Version 2 (PDF, 285.4 KB)
Operating Requirements Version 2 (DOC, 844.5 KB)

Participation Rules Version 2 (PDF, 346.5 KB)
Participation Rules Version 2 (DOC, 723.0 KB)

Version 1

Operating Requirements Version 1 (PDF, 190.6 KB)
Operating Requirements Version 1 (DOCX, 168.0 KB)

Participation Rules Version 1 (PDF, 160.5 KB)
Participation Rules Version 1 (DOCX, 166.6 KB)


Aligning paper and electronic conveyancing

Land Use Victoria is conducting public consultation on aligning electronic and paper conveyancing, and minimising inconsistencies between the states and territories. The consultation will also consider changes to mortgage provisions.

Introductory paper

The first step in the process is the Introductory paper below, which outlines the consultation process.

Aligning paper and electronic conveyancing requirements – Introductory Paper (PDF, 904.7 KB)
Aligning paper and electronic conveyancing requirements – Introductory Paper (DOCX, 71.0 KB)

Consultation paper

The Consultation paper was released on 22 November 2013.

Aligning paper and electronic conveyancing requirements – Consultation Paper (PDF, 475.6 KB)
Aligning paper and electronic conveyancing requirements – Consultation Paper (DOCX, 157.6 KB)

Responses

Following is analysis of responses to the consultation paper. The document gives an overview of key issues raised in submissions and Land Use Victoria's response.

Response to stakeholders (PDF, 977.7 KB)
Response to stakeholders (DOC, 66.1 KB)


Proposed national mortgage form

Land Use Victoria customers are advised that the Australian Registrars' National Electronic Conveyancing Council (ARNECC) has published an updated version of the National Mortgage Form Specification
The specification of the National Mortgage Form (NMF) is for use by financial institutions and other mortgagees in readying their systems and procedures for implementation in May 2017 of new national arrangements for preparing and lodging real property mortgages in all Australian states and territories.

The form is a significant national initiative. It standardises the content and presentation of mortgages lodged for registration through all lodgement channels with land registries in all jurisdictions. National agreement on the NMF's content was reached in July 2015 by members of a working group of land registry, financial institution and PEXA representatives. The group was chaired by the Australian Bankers' Association. Since then, work has been undertaken to develop a specification for the NMF to incorporate all of the input received from industry. This aims to assist its implementation by financial institutions and other mortgagees, as well as PEXA.

As well as the basic content agreed to in July 2015, the specification sets out the NMF's acceptance and lodgement scenarios in each jurisdiction, and the execution details for the mortgagor and mortgagee for each jurisdiction.


Property information

A Guide to Property Values

The annual guide to property sales information is based on figures from the Valuer-General Victoria. The guide can be requested free-of-charge. Snapshots featuring median sale prices for houses, units or vacant house blocks also available.

Victorian Property Sales Report

The Victorian Property Sales Report is a quarterly report on median sale prices by suburb for houses, units and vacant land. The report can be downloaded free-of-charge.