Going through the obstruction, the Torrens System Assurance Fund and contemporary solutions : a tale weaved from a story of a nun, a romantic triangle and sibling corruption

Low, Rouhshi & Griggs, Lynden (2014) Going through the obstruction, the Torrens System Assurance Fund and contemporary solutions : a tale weaved from a story of a nun, a romantic triangle and sibling corruption. Australian Property Law Journal, 23(1), pp. 17-35.

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Abstract

Private title insurance has been the subject of much debate by law reform bodies and academics. This article adds a new dimension to the discussion by analysing its role against a recent scenario where a nun was betrayed by the actions of her brother, and compensation payable from the assurance fund, after much challenge by the registrar, amounted to in excess of $4 million.We ask whether the slow burning of title insurance into the psyche of Australian home purchasers will see state-based assurance fundings looking to minismise their role in the Torrens system. We also query how the rather more immediate electronic establishment of electronic conveyancing will alter the balance between the assurance fund, private title insurance and the increasing responsibilities on stakeholdes involved in conveyancing.

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ID Code: 76315
Item Type: Journal Article
Refereed: Yes
Keywords: Title insurance, Fraud, Torrens Assurance Fund, Electronic conveyancing, National Electronic Conveyancing System
ISSN: 1038-5959
Subjects: Australian and New Zealand Standard Research Classification > LAW AND LEGAL STUDIES (180000)
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Past > Institutes > Information Security Institute
Copyright Owner: Copyright 2014 LexisNexis
Deposited On: 28 Oct 2014 23:18
Last Modified: 21 Jun 2017 17:19

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