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WHAT IS NECS?. Australia’s joint government and industry initiative to create an efficient and convenient way of completing property transactions and lodging land title dealings for registration. NOT JUST A COMPUTER SYSTEM. A business model Roles, relationships and responsibilities

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WHAT IS NECS?

Australia’s joint government and industry initiative to create an efficient and convenient way of completing property transactions and lodging land title dealings for registration


Not just a computer system
NOT JUST A COMPUTER SYSTEM

  • A business model

    Roles, relationships and responsibilities

  • A legal framework

    Legislation, rules, compliance and discipline

  • A risk management regime

    Allocation, mitigation, transfer and compensation

  • Supporting business practices

    Verification, authorisation, certification and justification

  • A software system

    Integrated, fully-featured, secure and reliable

  • Governance arrangements

    Independent, inclusive, sustainable and competent

  • Industry, community and government confidence


National business model

Settlement

FinancialInstitutions

Subscriber

N

E

C

S

RBA

FSM

User

NECS Browser Interface

Client

LR1

Certifier

RO1

LSP Browser

Interfaces

NECS Web Services

LSP

LR2

RO2

LSP Web

Services

User

Certifier

Client

Subscriber

NATIONAL BUSINESS MODEL

Preparation

Lodgment

Subscriber

etc

NECS Web Services


National roadmap process

GO

Project Governance

NECS LTD

National Steering Committee

NGA

National Governance Arrangements

We are here . . .

Implementation Planning

NECS Operations

NIS

Risk Assessment Regulatory Review Governance Advice

NFM

Shareholders Agreement Participation Rules Settlement Procedure

NIP

National Implementation Strategy

NECS Funding Model

NECS Implementation Plan

. . . and here

Systems Development

NBM

NOD

NRD

NSA

NDC

NSS

NECS

National Business Model

NECS Operations Description

NECS Requirements Definition

NECS Solution Architecture

NECS Development Cost

NECS Systems Specification

National Electronic Conveyancing System

indicates document developed

indicates current work in progress

indicates document developed & published

indicates document still to be developed

NATIONAL ROADMAP PROCESS

Independent Consultancies


THE COUNCIL OF AUSTRALIAN GOVERNMENTS (COAG) ENDORSED A SINGLE NATIONAL FACILITY FOR ELECTRONIC CONVEYANCING

  • COAG will establish an e-conveyancing entity which should be owned by all relevant jurisdictions;

  • The new entity Board will be skills-based

  • The entity is to assess the Victorian electronic conveyancing system ECV and, to the extent it is suitable, use it as the basis for the underlying software for the e‑conveyancing system.

  • The COAG Business Regulation & Competition Working Group will oversee the implementation of the e-conveyancing system.


Coag timeline for the implementation of the e conveyancing system
COAG TIMELINE FOR THE IMPLEMENTATION OF THE E-CONVEYANCING SYSTEM

  • October 2008 – Agree to form of legal entity for a new e-conveyancing system

  • October 2008 – Settle and sign governance agreement for a new e-conveyancing entity

  • October 2008 – Agree funding for a new e-conveyancing entity

  • December 2008 – Establish a new e-conveyancing entity and appoint Board

  • March 2009 – Agree Nationally uniform business processes

  • December 2009 – Any necessary legislative changes in jurisdictions

  • March 2010 – Commencement of a new e-conveyancing system


System access
SYSTEM ACCESS SYSTEM

N

E

C

S

NECS browser interface

User

LSP System

NECS web services

LSP browser interface

User

Subscriber

System

NECS web services

User

LSP web services

Subscriber System

LSP

System

NECS web services

User


SUCCESS IS DEPENDENT ON DEVELOPING A SYSTEM INDUSTRY WANTS TO USE. INDUSTRY INTEGRATION IS BEING ASSISTED BY THE PROVISION OF:

  • Licensed Service Providers

  • Web services for LSPs & in-house systems

  • System-to-system security authentication

  • Application-to-application processing

  • LIXI-compatible national data standard

  • Single sign-on through in-house systems

  • Bulk processing for high volume users

  • Wholesale fees for LSP users


The challenge to develop the business requirements of industry and jurisdictions
THE CHALLENGE: TO USE. INDUSTRY INTEGRATION IS BEING ASSISTED BY THE PROVISION OF:TO DEVELOP THE BUSINESS REQUIREMENTS OF INDUSTRY AND JURISDICTIONS

THE STRATEGY:

  • STATE PROJECT TEAM

  • NATIONAL PROJECT TEAM

  • NECS DATA STANDARDS DEVELOPMENT


Neco has chosen lixi to facilitate the development of national electronic data standards
NECO HAS CHOSEN LIXI TO FACILITATE THE DEVELOPMENT OF NATIONAL ELECTRONIC DATA STANDARDS

  • NECO has a unique agreement with LIXI and includes a Management Group of jurisdiction members, 1 NECO member and 2 LIXI members

  • It controls and defines the project and approves the developed standards

  • The Working Group is open to all LIXI members

  • Draft NECS to Land Registry requirements have been developed

  • We are now working on Subscriber to NECS requirements

  • The NECS/LIXI Working Group is open to all members and your involvement is important to make sure you obtain the maximum benefit from NECS


Thank you

THANK YOU NATIONAL ELECTRONIC DATA STANDARDS

For more information on this presentation or any aspect of National Electronic Conveyancing, please contact

Simon Libbis - Executive Director, National Electronic Conveyancing Office at:

Tel: 03 8626 4545

Email: [email protected]

Web: www.necs.gov.au


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