Since the global financial crisis of 2007, regulators and economists have analysed the moral hazards inherent in institutional arrangements which encouraged economic actors to act irresponsibly. The process of institutional reform must extend to review of legal rules which allow transacting...

This paper commences by explaining the nature and origins of title insurance. It then examines the potential for title insurance to cover the residual risks of the Torrens System, focussing on four problem areas: first, the lack of security and indemnity for purchasers of interests in registered...