Rouhshi Low


In recent years, improvements in information technology have caused various industries to incorporate technology into their manual systems. Technology is usually said to provide business sectors with greater ability to store and exchange information, improve document management, streamline processes so as to enable faster processing leading to a reduction in costs. However technological advances have also provided criminals with new ways of perpetrating crime. This paper will explore the fraud risks stemming from the use of technology to automate the Australian Torrens system. Given the fraud potential afforded to criminals by technology, an understanding of these fraud risks is vital in developing fraud minimization measures. The approach taken by this paper is as follows: first, a brief overview of the methods of fraud perpetration will be provided so as to identify factors in conveyancing processes that enable these frauds; secondly, a comparison of the electronic systems in New Zealand and Canada and the systems proposed in Australia (the Victorian EC System and the National Electronic Conveyancing System or NECS ) will be undertaken in order to identify their common and differing characteristics. This comparative analysis will be divided according to the fraud enabling factors identified previously; finally, the implications of these common and differing features from a fraud risk perspective will then be explored and where appropriate, areas for further research will be flagged.