Currently, only about 11% of Queensland titles hold a paper certificate.
Moving to electronic certificates of title
There has been talk for some time to remove any requirements for paper certificates and to rely solely on the electronic titling system. On 26th March 2019, a Bill was finally passed in the Queensland Parliament amending the Land Title Act 1994 (Qld) to remove requirements for paper certificates of title from the Queensland titling system.
This change means that, as of 1st October 2019, a paper certificate of title will become an item of historic or sentimental value only. Paper certificates of title will no longer have any legal effect and the titling system in Queensland will be entirely electronic.
What does this mean for you?
Practically this means that as of 1 October 2019, a paper certificate of title will no longer need to be deposited with the Titles Office. A Form 19 Application for Certificate of Title and a Form 17 Request to Dispense with production of a certificate of title will also cease.
However, until 1 October 2019, the current provisions apply which require paper certificates of title to be deposited with transactions when issued, or a Form 17 Request to Dispense must be deposited in its absence.
If you would like assistance with your next property transaction, get in touch with our Property Team at firstname.lastname@example.org, or phone our office on 07 3223 6100.