Release of Registrar-General’s Verification of Identity Requirements
Version 5 of the Registrar-General’s Verification of Identity Requirements has been released.
The changes are documented in the Notice to Lodging Parties 217 issued 14 June 2019.
Updates to the requirements to align them with Version 5 of the Participation Rules include:
- updated certification requirements to ensure it is clear that a certification may relate to an administrator or attorney of a client or mortgagor;
- updated definitions;
- removal of the inference that a mortgagor’s representative may verify the identity of the mortgagor;
- inclusion of Australian ImmiCards in the Identification Document Categories; and
- minor updates to the insurance requirements.
During the transitionary period, where clients provide the verification of identity certifications in the old format these will be taken by the Registrar-General to represent that a certifier (or where applicable the mortgagee) has verified the identity of the attorney or administrator, which has always been a requirement of the Registrar-General’s Verification of Identity Requirements.