Client intake Current
Requesting supporting documents for a property settlement matter
A practical checklist for settlement-matter intake.
Property settlement matters generally need a specific set of supporting documents and a signed authority before a conveyancer can act on a client's behalf in the electronic conveyancing system. This guide sets out a practical approach. It is general information, not legal or compliance advice.
Action plan
1 Obtain a signed client authorisation Electronic conveyancing generally requires a signed authorisation before a conveyancer can act.
Under the electronic conveyancing framework that Australian states and territories have adopted, a conveyancer or lawyer generally needs a signed Client Authorisation before acting on a party's behalf in a transaction, alongside identity verification consistent with the firm's own customer due diligence obligations. The exact form and process are set by the Participation Rules adopted in each state or territory.
- Obtain a signed Client Authorisation before acting in the transaction
- Verify the client's identity consistent with your firm's own customer due diligence obligations
- Check the specific form and process your state or territory's Participation Rules require
Done when: A signed Client Authorisation and identity verification are on file before acting
ARNECC: Model Participation Rules2 Request property and title documents Ask for the contract of sale and confirm the property's current title details.
A settlement matter generally needs the contract of sale, evidence of the current title (or a title search), and details of any existing mortgage or encumbrance to be discharged. Ask for these early so title issues can be identified before settlement is scheduled.
- Request the contract of sale
- Confirm current title details, including any existing mortgage or encumbrance
- Identify early if a discharge of an existing mortgage will be needed
Done when: Contract of sale and current title details have been requested and reviewed
3 Confirm settlement funds and timing Understand where settlement funds are coming from and when they are needed.
Conveyancing is one of the services AUSTRAC's Tranche 2 reforms newly regulate, so settlement matters generally call for the same source-of-funds and timing checks any higher-risk matter would. Confirm early where settlement funds are coming from and when the matter needs to complete, so any verification steps have time to happen before settlement.
- Confirm the source of settlement funds early
- Confirm the required settlement date and any time pressure
- Allow enough time for identity and fund-source verification before settlement
Done when: Settlement funds source and timing are confirmed with enough lead time for verification
See requesting source-of-funds information for a higher-risk matter