As part of our commitment to supporting conveyancers we hold regular Best Practice Groups (BPG) in various locations. All full members are welcome to attend BPGs. If you are interesting in attending, please contact Dani on dani@aicvic.com.au for further details or contact the facilitator directly.
Ever lay awake at 3 a.m. thinking about work?
Work-induced insomnia can seriously impair your judgment, critical thinking, problem solving, planning, and organisation, not to mention increased stress.
For businesses across many industries, working from home has become the “new normal” in the face of COVID- 19.
“Working from home” doesn’t have to translate to “working alone”, and the team at GlobalX have created some top tips on how you can remain engaged, visible and well during this uncertain period of time.
What an extraordinary start to the 2020 leap year with so many tragic events around the world. We have entered the year with bushfires smoke and pollution and thousands of hectares destroyed and now coronavirus which continues to impact the economy and our daily lives. It is hard not to feel overwhelmed by these events, but it is important that each one of us remains calm and focused on the positives.
On 22 March 2020, the Federal Government announced it will temporarily allow eligible people to access up to $10,000 of their superannuation retirement savings in 2019-20 and a further $10,000 in 2020-21.
For eligible people suffering economic hardship, being able to access part of their super will help them provide for themselves and their families during these unprecedented times. At the same time, it is important to be aware of the longer-term financial implications of such a decision.
With many businesses asking their teams to work remotely, security experts are warning of spikes in cyber-crime attempts.
The global COVID-19 pandemic has sparked a surge of phishing attempts on unsuspecting individuals. One such attack used the logo of the CDC Health Alert Network claiming to provide a list of local active infections, before stealing confidential information from the unprepared victims.
Cyber criminals are looking to take advantage of this period of global uncertainty, reinforcing the urgent need for everyone to be extra vigilant when it comes to cybercrime.
We have received a great deal of emails from our members offering guidance and support to other members. Key questions and answers below:
People involved in property transfers are a target for cyber fraud scams. You must take precautions when transferring money.
You cannot trust bank account information that is provided over the phone, by email or sent by SMS to your mobile phone.
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Face-to-face: How artificial intelligence (AI) could signal a revival of in-person identity verification services
It was a defining moment of 2019: a doctored video clip of a decade-old celebrity interview was posted online to both showcase a new technology and warn us of its consequences. Taken from an episode of David Letterman’s late-night talk show in 2008, the video features comedian Bill Hader recounting his time on a movie set with Tom Cruise.
But there’s a twist. The viral video’s creator applied AI processing to the video – a technique commonly known as ‘deepfake’ technology – to transplant Cruise’s face onto Hader’s every time he did an impression of the action movie star.
Licensed Conveyancers are subject to Compliance Examinations as subscribers to an ELNO.
In Customer Information Bulletin No 191, Land Use Victoria outlined the process as follows:
“In a compliance examination a Subscriber is asked to provide documents and information evidencing that instruments digitally signed and lodged using an ELN comply with the Participation Rules. A Compliance Examination Notice to a Subscriber specifies the documents and information relating to Registry Instruments lodged by that Subscriber listed in the notice and includes:
One of our members has recently been subject to a compliance examination and has outlined her experience.
She was required to provide the following information for the audited files:
ARNECC has produced guidance notes on Client Authorisation, Verification of Identity and Compliance Examinations (among other topics) and they can be found here.
You should note that:
The Australian Registrars’ National Electronic Conveyancing Council (ARNECC) publishes a Model Participation Rules guidance note that contains a checklist of what is covered in a compliance examination: MPR Guidance Note #6 – Compliance Examinations (available at www.arnecc.gov.au/publications>Model Participation Rules Guidance Notes).
A Common Errors Report has also recently been published by ARNECC which covers the most common errors all jurisdictions are encountering and provides an explanation of ARNECC’s expectations in relation to compliance of Subscribers.