When buying or selling property in NSW, your solicitor must be satisfied that they are dealing with who the client says they are. This process is known as the ‘verification of identity standard’.
Verification of Identity (VOI) involves checking original identity documents in order to help protect you against property fraud.
VOI must be conducted face-to-face between the verifier and the person being identified. If you don’t live close the office, there are options to verify your identity at a local Australia Post.
You will need to provide original and current identity documents to be sighted by the verifier. Your solicitor can help you understand exactly what will be required.
Verifying your identity is an important safeguard against potential fraud which can have devastating financial effects. For more information on VOI or if you have any questions about a property transaction, contact our office today.