NECDL FORMATION
The formation of National E-Conveyancing Development Ltd (NECDL) in January 2010 is a major milestone for NECS.
Following agreement of the Council of Australian Governments (COAG) last year, the company is to take the next critical steps towards a single national electronic conveyancing system for Australia. This development has been acclaimed by all key stakeholder groups.
NECDL has been established and funded by the governments of Queensland, NSW and Victoria to progress the work previously being guided by the National Steering Committee. The other State and Territory governments will have an opportunity to join NECDL at a later date.
The company is chaired by Alan Cameron AM, a lawyer and former Chairman of the Australian Securities and Investments Commission, who brings extensive business and governance skills to the company critical to its task. Mr Cameron is also a non-executive director of NECDL.
The other six non-executive directors are:
• Rowan Munchenberg, representing the Australian Bankers’ Association, is Executive General Manager for Service Delivery of the Commonwealth Bank of Australia
• John McIntyre, representing the Law Council of Australia, is a former President of the Law Society of NSW and a current member of its Property Law Committee
• Geoffrey Adam, representing the Australian Institute of Conveyancers, is Chief Executive of the SA Division of the Australian Institute of Conveyancers
• Leigh Sanderson, representing New South Wales, is a former Deputy Director-General and General Counsel of the NSW Department of Premier and Cabinet
• David Smith, representing Queensland, is Executive Director and Commissioner of the Queensland Treasury
• Chris McRae, representing Victoria, is Executive Director, Land Victoria of the Victoria Department of Sustainability and Environment.
The registration of the company and its documentation are available here.
The National Electronic Conveyancing Office (National Office) has been leading national consultation among industry and government stakeholders for the past four years and will continue with its work during a transition period. When NECDL becomes fully operational it will pick up what the National Office has done and set its own work program.
From the outset, the National Roadmap for NECS has provided for relevant and compatible features and functions in the Victorian Government’s ECV system to be adopted into NECS through a transparent process. NECDL is expected to assess the potential of ECV to satisfy stakeholder requirements and will most likely also look at alternative means of provisioning the system and setting it to work in the interests of all stakeholders.
The company aims to make all of the key provisioning decisions, progress essential national infrastructure to support the system, develop a detailed implementation plan in consultation with key stakeholder groups, oversee the readiness planning of participant groups and have everything in order for an operating company to take over in 2011.
The National Office looks forward to working with NECDL to achieve a smooth transition and remains confident that NECS will become a reality, COAG’s commitment to electronic conveyancing will be achieved and a very worthwhile contribution to the future efficiency of the Australian economy will be delivered.
Read the Law Council of Australia’s Media Release here.
Read the Australian Bankers’ Association’s Media Release here.
On 5 May 2010 the company announced the appointment of Marcus Price as its CEO. Read the company’s Media Release here.
Any questions you have can be directed to info@necd.com.au
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