There has been a small change of ownership interest in NSW Land Registry Services (NSW LRS), which operates the land titles registry for the NSW Government.
NSW LRS is a private company owned by Australian Registry Investments (ARI), which acquired NSW LRS under a 35-year concession beginning in 2017.
ARI is a consortium of institutional investors and superannuation funds comprising Aware Super, The Infrastructure Fund (TIF), NatWest Group Pension Fund (NWGPF) and UTA Registry Investments Trust (UTA).
It has been announced that, collectively, Aware Super, TIF and UTA exercised their pre-emptive rights to acquire NWGPF’S 20% stake in NSW LRS, effective from 29 April 2024.
In other land registry news, Secure Electronic Registries Victoria (SERV) has announced that it is increasing its cyber security measures for LANDATA customers by introducing multi-factor authentication.
According to SERV, “In closely monitoring the cyber landscape globally, we are observing a higher number of security incidents – many relating to user identity breaches”.
“We are committed to adopting industry-leading information security practices to help protect you and the data we maintain from similar security incidents. To continue to thrive in this environment, we are focused on continual improvement to make our data and systems more efficient, reliable, sustainable and secure.”
SERV, formerly Victorian Land Registry Services (prior to 2021), was granted a 40-year concession in August 2018 by the Victorian Government to administer registry services for the Victorian Land Titles Office.
SERV’s single shareholder is the aforementioned Australian-owned company Aware Super, one of Australia’s largest superannuation funds.
