Challenges Facing the Notariat in Australasia in the 21st Century
Australian Business Law Review, Vol. 42, p. 456, 2014
9 Pages Posted: 27 May 2015
Date Written: 2014
Abstract
The office of notary is in a time of considerable change, and also opportunities. These are domestic, regional and international in nature. The specific challenges include the new Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth), in force from December 2008. Equivalent legislation is likely to apply to New Zealand notaries. The continuing development of electronic transactions provides more opportunities, if not technical challenges. The immediate effect of this is that the notariat must strengthen its professional discipline and education. The longer term effect may include a reduction in the opportunities for “part-time” notaries, and a greater professionalisation of the office.
Keywords: notaries
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