Queensland Consolidated Acts

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PROPERTY LAW ACT 1974 - SECT 58A

Definitions for div 3

58A Definitions for div 3

In this division—

"conveyancing transaction" see the National Law, section 3 .

"e-conveyance" means a conveyancing transaction to be completed using e-conveyancing.

"e-conveyancing" means a system of land conveyancing that uses an ELN to lodge documents electronically for the purposes of the land titles legislation.

"electronic workspace" , for an e-conveyance, means a shared electronic workspace within an ELN that allows the participating subscribers to the e-conveyance—

(a) to lodge a document electronically under the National Law; and
(b) if relevant, to authorise or complete financial settlement of the e-conveyance.

"ELN" means an Electronic Lodgment Network under the National Law.

"financial settlement" , of an e-conveyance, means the exchange of value, in an ELN, between financial institutions in accordance with the instructions of participating subscribers to the e-conveyance.

"land titles legislation" see the Electronic Conveyancing National Law (Queensland) Act 2013 , section 6 .

"National Law" means the Electronic Conveyancing National Law (Queensland).

"participating subscriber" , to an e-conveyance, means a subscriber who is involved in the e-conveyance as a party to the e-conveyance or as a representative of a party.

"subscriber" see the National Law, section 3 .



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