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Treasurer announces private operator for land registry
The Treasurer today announced the appointment of Victorian Land Registry Services as the operator of the land titles and registry functions of Land Use Victoria.
Victorian Land Registry Services is backed by the First State Superannuation Scheme, a 100 per cent Australian owned superannuation fund.
The Registrar of Titles will remain under state control, overseeing the private operator. The state will retain ownership of all Registry data, which will be required to be stored in Australia.
The Registrar’s statutory function to maintain the integrity and security of the Register remains unchanged.
The State will retain full control over prices for statutory land registry services and price increases will be capped at CPI for non-statutory services provided by Victorian Land Registry Services.
Customers of Land Use Victoria should anticipate business as usual – there should be no change to the service provided. Longer term, the State Government expects commercialisation to respond to customer demand for technology-driven services through private operator innovation and investment.
You can read the Treasurer’s media release here at www.premier.vic.gov.au/media-centre.
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Page last updated: 21/08/20