Since 2016, stringent regulations have been implemented in Australia to ensure the verification of identity (VOI) for property transactions. This change was crucial in enhancing the security of both vendors and purchasers, significantly reducing the risk of property and identity fraud.
Why is Verification of Identity Necessary?
The primary goal of VOI is to ascertain that the individuals involved in a property transaction are who they claim to be. This verification process is vital to prevent fraudulent activities where properties could potentially be sold by individuals who do not legally own them. Prior incidents, such as the infamous 2010 case where a homeowner had his property illegally sold without his knowledge, underline the importance of these regulations.
How to Complete Your Verification of Identity
Completing your VOI is straightforward and can be done similarly to how you would verify your identity for other official processes, like obtaining a passport:
- Visit Our Office: The simplest way to complete your VOI is by visiting our office. We can handle everything quickly and securely.
- Use Our Secure App: For added convenience, we offer a digital verification process through a secure app, directly linked to our database. This ensures your personal data is protected with the highest security measures.
- Australia Post Option: You can also complete your VOI at any Australia Post office using a form provided by your conveyance.
You will need to present a combination of documents such as your birth certificate or passport, driver’s licence, and Medicare card. If your name has changed at any time, a relevant certificate (e.g., a marriage certificate) will also be required.
Why DIY Conveyancing Could Cost You More
While DIY conveyancing kits are available, they lack the personalised and professional scrutiny provided by a certified conveyancer. Misunderstandings or errors in property law can lead to significant financial liabilities, which could easily be avoided with professional guidance. The intricacies of property laws, which vary across states and territories, require a nuanced understanding that only a professional conveyancer can offer.
Our Commitment to Your Safety
Our firm takes your security seriously. Unlike some practices that might store scanned or photocopied documents, potentially exposing you to identity theft, we use advanced technology to protect your information:
- No Physical Copies Stored: We do not keep physical copies of your identification documents to prevent any risk of theft or misuse.
- High-Security Standards: Our app and database are secured with the latest technology, ensuring your personal information is safeguarded as if it were our own.
Long-Term Validity and Restrictions
Once completed, your verification remains valid for two years when you use our services. However, please note that due to legal restrictions, we cannot share your verified identity with other parties, including lenders, without undergoing the process again.
Need More Information?
For further details on the verification of identity process or any other inquiries, visit our website or contact us directly at 0497 925 335. We’re here to ensure your property transactions are secure and seamless.
