The Verification of Identity (VOI) requirements across Australia provides a framework for mortgage brokers, legal practitioners, conveyancers or mortgagees to take reasonable steps to verify the identity of a party to a conveyancing transaction.
This acts to protect and reduce the potential risk of land title fraud and improper dealings.ARNECC is the body established under the Intergovernmental Agreement between the State and Territory governments and membership comprises the Land Titles Registrars from each Australian State and Territory.
ARNECC was established to facilitate the implementation and ongoing management of the regulatory framework for electronic conveyancing of real property in Australia and they have published rules listing the acceptable identity documents.
To meet the VOI rules, the borrower can meet any of the six categories listed below.
An image of each of the original, up-to-date documents in the selected category must be uploaded into IDyou.
