The Land & Property Information NSW (LPI) has imposed new requirements for lawyers and conveyancers to take reasonable steps to identify clients when acting on their behalf in a property transaction in New South Wales.
This requires us to conduct a face-to-face interview with our clients and view certain identification documents.
In order for us to verify identity, our clients will need to provide us with original, up-to-date identification documents.
This should not be cause for alarm, the rationale behind these new requirements is to protect the individual’s interests and prevent fraud.
