With Australia and the rest of the World debating environmental issues and pushing for them to be at the forefront of our minds, reducing our use of unnecessary resources is something we are striving for at Tuckfields. We want to minimize our carbon footprint and work towards a healthier environment for our beautiful state of South Australia.
Tuckfields has always been very conscious of its environmental impact, and being in a profession such as conveyancing, its a well known fact that paperwork is a necessity. Being a paper-heavy process, we have been working to change our procedures as much as possible to save our planet.
The Fight to Go Paperless
The introduction of e-conveyancing has significantly increased our ability to use less paper and printing on our files. With the Lands Titles Office abolishing Duplicate Certificates of Title and moving towards the use of Title Watch, we seem to being moving towards a greener outlook in SA. The eastern states have also followed suit, with the Big 4 Banks collectively destroying 1.6 million printed Titles and replacing them with Electronic versions.
It appears as though, across the board, we’re all trying to contribute towards a healthier future. PEXA (The Property Exchange Network) is working with Australian banks to shift property transactions from paper to digital, and says its strategy is to choose digital over paper ‘whenever possible’. “Our goal is to transact online whenever possible and the only way to do so is by forming strong relationships with our practitioner network and to stretch the boundaries of PEXA, paving the way for our industry and knocking down barriers to the digital world.”1
Saving You Money
With the declining need for paper and printing, it lowers the cost of the settlement process, which is money back in your pocket! As Dominic Perrottet, a NSW Government Minister for Finance, Services and Property said, e-conveyancing had the potential to reduce settlement delays, eliminate unnecessary paperwork and deliver around $50 million in savings. “The reality is most property transactions don’t need to be paper based when a cheaper, more reliable, more secure digital option is available.
Tuckfields is working with PEXA and all relevant organisations towards a unpolluted and unwasteful process for conveyancing in the future. If you are environmentally conscious, you can be sure that Tuckfields will act for your next transaction with a mindset to reduce the impact on our environment! Contact us today!