Funding of Indemnity Scheme

Hi all,

Hong Kong is preparing for the implementation of title registration.  Setting up of an indemnity fund is one of the key features.  We are researching on how the other jurisdicstions are operating the indemnity fund schemes.  I should be most grateful for your advice on:

(a) the funding arrangement when the indemnity scheme commences i.e. by imposing a separate levy, by absorbing into registration fees or by separate funding from the government;

(b) whether any subsquent change to the funding arrangment when the scheme progresses e.g. collection of levy or fees ceased when the fund accumulated to a certain level.

My email is kfpang@landreg.gov.hk.  Your kind response to this email is also welcome.

Best regards,

KF

Previously Phil Rudd wrote:

Great to hear from you KF.

I have attached a document that is being presented at the LRDOC in Perth this week and will then be available of the LARIX web site.  Please take a look at this information to see if it provides the information you require. 

If you have any further questions or more detailed information that you require, then perhaps your colleague (Francis Wan) can gather this information for you during the course of the LRDOC.  Can you contact him and let him know what you need?

Best Regards,

Phillip Rudd

 

Previously K F PANG wrote:

Hi all,

Hong Kong is preparing for the implementation of title registration.  Setting up of an indemnity fund is one of the key features.  We are researching on how the other jurisdicstions are operating the indemnity fund schemes.  I should be most grateful for your advice on:

(a) the funding arrangement when the indemnity scheme commences i.e. by imposing a separate levy, by absorbing into registration fees or by separate funding from the government;

(b) whether any subsquent change to the funding arrangment when the scheme progresses e.g. collection of levy or fees ceased when the fund accumulated to a certain level.

My email is kfpang@landreg.gov.hk.  Your kind response to this email is also welcome.

Best regards,

KF