Electronic Conveyancing. Settlement and lodgement will be conducted electronically in accordance with the Electronic Conveyancing National Law and special condition 2 applies, if the box is marked “EC”
Electronic Conveyancing. National Law means the Electronic Conveyancing National Law which applies in Victoria pursuant to the Electronic Conveyancing (Adoption of National Law) Xxx 0000 (Vic).
Electronic Conveyancing. Special Condition Settlement and lodgement will be conducted electronically in accordance with the Electronic EC Conveyancing National Law and special condition 2 applies, if the box is marked “EC” 7.1 This special condition has priority over any other provision to the extent of any inconsistency. This special condition applies if the contract of sale specifies, or the parties subsequently agree in writing, that settlement and lodgement of the instruments necessary to record the purchaser as registered proprietor of the land will be conducted electronically in accordance with the Electronic Conveyancing National Law. 7.2 A party must immediately give written notice if that party reasonably believes that settlement and lodgement can no longer be conducted electronically. 7.3 Each party must: (a) Be, or engage a representative who is, a subscriber for the purposes of the Electronic Conveyancing National Law (b) Ensure that all other persons for whom that party is responsible and who are associated with this transaction are, or engage, a subscriber for the purposes of the Electronic Conveyancing National Law (c) Conduct the transaction in accordance with the Electronic Conveyancing National Law. 7.4 The vendor must open the Electronic Workspace (“workspace”) as soon as reasonably practicable. The workspace is an electronic address for the service of notices and for written communications for the purposes of any electronic transactions legislation. 7.5 The vendor must nominate a time of the day for locking of the workspace at least 7 days before the due date for settlement. 7.6 Settlement occurs when the workspace records that: (a) The exchange of funds or value between financial institutions in accordance with the instruction of the parties has occurred: or (b) If there is no exchange of funds or value, the documents necessary to enable the purchaser to become registered proprietor of the land have been accepted for electronic lodgement. 7.7 The parties must do everything reasonably necessary to effect settlement: (a) electronically on the next business day, or (b) at the option of either party, otherwise than electronically as soon as possible – if, after locking of the workspace at the nominated settlement time, settlement in accordance with special condition 2.6 has not occurred by 4.00pm, or 6.00pm if the nominated time for settlement is after 4.00pm. 7.8 Each party must do everything reasonably necessary to assist the other party to trace and identify th...
Electronic Conveyancing. 18.1 The vendor may at their sole discretion elect for settlement and lodgement to be conducted electronically, by notice in writing to the purchaser at any time prior to settlement. If the vendor elects for the settlement and lodgement to be conducted electronically in accordance with electronic conveyancing national law.
Electronic Conveyancing. 8.1 Settlement and lodgement of the instruments necessary to record the purchaser as registered proprietor of the land will be conducted electronically in accordance with the Electronic Conveyancing National Law. The parties may subsequently agree in writing that this special condition 8 applies even if the box next to it is not checked. This special condition 8 has priority over any other provision to the extent of any inconsistency.
Electronic Conveyancing. (Special Condition 3) Settlement and lodgment will be conducted electronically in accordance with the Electronic Conveyancing National Law and Special Condition 3 applies, if the box is marked 'EC' EC
Electronic Conveyancing. (a) The parties agree that Settlement will be completed as an Electronic Conveyance in accordance with these Model Rules, unless:
Electronic Conveyancing. 30.1 The Seller may by Notice to the Buyer, at any time prior to the date that the Strata Plan becomes in order for dealing with Landgate, require that Settlement be completed by an Electronic Settlement. Should the Seller issue such a Notice the Buyer agrees to complete Settlement as an Electronic Settlement.
Electronic Conveyancing. (a) We are in no way obliged or required to carry out or perform the conveyance under this Contract or Settlement under any electronic conveyancing or similar system, unless required to do so by law.
Electronic Conveyancing. National Law means the legislation outlined in the Electronic Conveyancing (Adoption of National Law) Act 2013 (Vic);
