On 11 October 2021, the Real Property Amendment (Certificates of Title) Act 2021 commenced, which abolished the Certificates of Title (CTs) and the control of the right to deal (CoRD) framework. All existing CTs have been cancelled and CTs will no longer be issued. Existing CTs will not need to be produced, and CoRD holder consent will not be required, for a dealing or plan to be registered. All existing Guidelines subject to this change are currently being reviewed and will be updated to reflect these changes. For further information regarding the abolition of CTs, please see https://www.registrargeneral.nsw.gov.au/property-and-conveyancing/eConveyancing/abolition-of-certificates-of-title

What are Australian Credit Licence (ACL) numbers?

The Commonwealth National Consumer Credit Protection Act 2009 requires persons who engage in credit activities, such as banks, to be licensed.

From 1 April 2012, whenever a licensee identifies itself in a document prescribed by the National Consumer Credit Protection Regulations 2010, the licensee must also include their Australian Credit Licence (ACL) number.

In relation to NSW LRS Real Property Act dealings, licensees can meet any obligations they have under the Act by inserting their Australian Credit Licence number alongside other identifying information in the relevant panel of the form, for example:

Example of entry in RPA dealing - Mortgage (05M)



Example of entry in RPA dealing - Charge (06C)



However NSW LRS will not requisition any dealing in relation to an Australian Credit Licence Number recorded on the dealing form. Nor will NSW LRS query any dealing that does not include an Australian Credit Licence number.