As of October 1st 2019, Paper Certificates of Title (Paper CT’s) will no longer have any legal effect.
A recent bill was passed on March 26th in parliament amending the Land Title Act 1994.
HOW WILL THIS AFFECT YOU?
Roughly there are only 11% of Paper Certificates of Title in Queensland in existence.
Instead, the electronic title held in the Titles Registry will continue to be the point of truth for ownership and other interests in land in Queensland.
This change is a historic moment as it means there will no longer need to be deposited with the Titles Registry when a transaction is lodged.
Until October 1st 2019, the legislative provisions governing paper CT’s will remain in force.
The only exceptions to this will be those currently provided by the Land Title Act.
The Titles Registry will introduce a changed process for dealing with Form 19 applications for paper CT’s. This shift will see that no matter where you lodge a request for a new paper CT, it will be delivered by registered post.
The only exception is where the registered owner has requested it be held for collection from a designated delivery box in Brisbane.
The October 1st amendments will no longer offer an option to lodge a Form 19 – Application for Certificate of Title. Form 17 – Request to Dispense, will also become redundant.