The Land Transfer Act 2017 comes into force on 12 November 2018 and Land Information New Zealand (LINZ) has provided an update on its implementation.
It says the final draft regulations to support the Act were submitted to Cabinet for consideration in September, and subject to approval from the Governor-General, these will come into effect from 12 November 2018.
"The Registrar-General of Land has revised the draft standards and the directive to take into account the feedback to LINZ during the final consultation stages. These will be published on the LINZ website on Thursday 11 October 2018."
LINZ says there are also new guidelines to provide more information on how to meet the requirements of these instruments - these will be published on the LINZ website in the week of 15 October 2018.
"To help lawyers, conveyancers, legal executives and others understand the changes, information on the new Act has been presented at various seminars and events over the course of this year. A further seminar roadshow(link is external) is being delivered in conjunction with NZLS CLE later this month.
"We are also developing a factsheet for surveyors, one for lawyers and legal executives, and another for local councils, to highlight the key changes relevant to each group. You can find the surveyor’s factsheet on our website. The remaining two factsheets, along with any transitional guidance, will be available on the website and provided to the relevant member organisations, towards the end of October."
LINZ says the Landonline application will also be updated to reflect these changes. Further guidance on this will be available towards the end of October. Landonline will be unavailable on Saturday 10 November as system changes to support the new Land Transfer Act are put in place.