Verification of Identity (VOI) in Dealings on Property
By admin
Published On 06/12/2017
Verification of Identity (VOI) in Dealings on Property
By Jessie Luu
It is a noteworthy reminder that VOI is a mandatory requirement under sections 27AB(1) and 106A(1) of the Transfer of Land Act 1958 (Vic) for the Registrar of Title to register any dealings on property.
VOI is required for all parties in dealings on property. So, this will include:
- caveators and other interest holders (this includes officeholders of a company);
- an attorney and the grantor;
- the borrower and the security provider (if they differ);
- mortgagees and mortgagors; and
- persons to whom certificates of title are provided.
How is VOI carried out?
Land Victoria requires in-person VOI checks on all parties to a transaction. This means that interest holders will need to actually attend our office and provide original, up-to-date documents such as an Australian passport, drivers licence and, if necessary, marriage certificates so that we can verify identity.
The alternative is to get the have other service providers such as Australia Post or ZipID to do the VOI.
The same services are available for overseas clients through the Australian Embassy, High Commission or Consulate.
Where a VOI has occurred within the previous two years, the person’s identity does not need to be verified again.
VOI with Lewis Holdway Lawyers
Often clients do not understand the VOI process but it is a necessary process that our firm is familiar with.
Client Authorisation Forms and Certification – 1 January 2018 Deadline
From 1 January 2018, all paper based (and electronic) transactions will require a signed Client Authorisation Form for certification of documents. This form should be completed at the same time as the VOI and you should ask us for a copy of the form if you do not have one.
If the form is not provided, it is possible that the property transaction will not be able to proceed.
If we can assist you with the registration of any dealings on property, please contact Jessie Luu on (03) 9629 9629.
If you require any assistance with the sale or purchase of property, please contact Kezi Welsh from Legal Essentials on (03) 9326 2627.
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