Paper Certificates of Title No Longer Have Any Legal Effect!!
As at 1 October 2019, paper Certificates of Title no longer have any legal effect. A paper CT is now classed as an item of historic or sentimental value only.
It no longer needs to be deposited with the Titles Registry when a transaction is lodged over the title ie. a mortgage & no longer needs to be dispensed for a transaction to proceed ie. the sale of a property!
The electronic title held in the Titles Registry will continue to be the point of truth for ownership and other interests in land in Queensland.
INTERESTING FACT! Only about 11% of titles in Queensland still had a paper Certificate of Title in existence.
This information is provided as a general guide only and should not be used or relied upon by any person without obtaining legal advice in relation to their own circumstances.
"Liability limited by a scheme approved under professional standards legislation"