Many posters know my proud passion for the Torrens Title land titling and conveyancing system that was born in my state of South Australia. Well, I must sadly announce that our state government wants to sell (privatise by leasing) the workings of our central Lands Title Office (LTO) to reduce government staff numbers and to gain a one-of cash injection, albeit the LTO is already injecting over $100 million annually into the government coffers.
Our Treasurer proudly extolling the privatised Canadian Ontario land titling model where Jeffrey Lem is the current Director of Titles for the Province of Ontario and who has statutory responsibility for the Land Titles Act. Well late 2016 Jeffrey Lem addressed a small group of Adelaide licensed surveyors that included my self. In simple terms he knows that we already have a far superior e range of developed products and system. He thought the state government were crazy selling the world's best land registration system and that we would need title insurance once privatised ( albeit not needed, so a license to print money )
In closing;
Title insurance companies from the USA are already hovering in SA.
Ironically, New South Wales liberal government are also going down the same path and say that they are doing it because SA are doing it.
And yes you guessed it, the SA labor government say that they are doing it because NSW are doing it.
And what was Jeffery Lem doing in Adelaide ? He was on his way to Perth, the capital city of Western Australia to deliver a paper at a world conference for title registers titled "Fraud and OntarioÛªs Approach to a Spike in Frauds"
GGRRRR !!!!
RADU
Everyone's doing it; so let's do it too!
Lemmings falling into the ocean...
[MEDIA=youtube]rrlqQ1_vZVE[/MEDIA]
Interesting RADU. Privatization is a common theme among budget-strapped government and certain philosophical political genres. Like anything, I have seen successes and failures with implementation. For something as important as a Land Title Records responsibility, I hope that it is well thought through of how it would be implemented and all of the intended and unintended consequences. Land Tenure and stable title is like the monetary system of a country, tread slow and methodically in making changes or chaos may erupt from poor implementation or unintended consequence. IMHO and the equivalent of $0.02 USD
I'm not understand something, if the title system injects $100 million annually (sales taxes?) why do they need the money? Will they still collect the $100 million?
MightyMoe, post: 417112, member: 700 wrote: I'm not understand something, if the title system injects $100 million annually (sales taxes?) why do they need the money? Will they still collect the $100 million?
You do realize; we are talking about bureaucracy here, don't you? Have you ever met a bureaucrat that turned down money?
NorthernSurveyor, post: 417107, member: 149 wrote: philosophical political genres
I went to a seminar on height modernization, several years ago. The surveyor presenting it said; I went to the Governor and asked for $10 million to support this effort. The Governor told him he could only have $1 million. That will only cover administrative costs but we'll take it....
What was he going to administer!? NOTHING! He took $1 million dollars out of the state budget and did absolutely NOTHING!
This could go political, so I will leave it at that...
Dougie
MightyMoe, post: 417112, member: 700 wrote: I'm not understand something, if the title system injects $100 million annually (sales taxes?) why do they need the money? Will they still collect the $100 million?
No ! just about reelection see my response in
https://surveyorconnect.com/community/conversations/names.1417/#message-5037