2022 and 2023 have seen many changes to the legal ways by which documents can be signed in Queensland.
On 20 February 2023, E-Conveyancing became not only the preferred platform for conveyancing transactions but the mandatory platform (with few exceptions). This means that purchasing property and other common property transactions are now able to be completed online on a straightforward, secure, and reliable user interface. As a result, the parties no longer need to take the time to attend in person at a property settlement and to exchange large volumes of original documents and original signed paperwork.
Other changes to the Property Law Act in 2022 mean that a variety of other documents, including deeds, contracts and some other agreements, can now be signed electronically.
DocuSign and many other accepted e-signing applications have made witnessing and the signing of paper copies of documents unnecessary. In addition to the environmental benefits of reduced paper usage, there are many associated benefits to the parties including certainty, timing, security, overall efficiency, and consistency. Businesses can save significantly in legal and administrative costs simply by engaging in electronic signing.
If you have any questions about the exchange of property documents in Queensland, it is always a good idea to seek support and advice when it comes to meeting legal requirements and avoiding any bigger issues. Contact WGC Lawyers online today for expert Property Law and Commercial Law Advice.