LANDGATE has received national recognition for achievement as one of the most innovative companies.
The State office for land and property information in Midland placed 22 in a list of 50 organisations judged last month to be at the cutting edge.
Landgate launched its new location and innovation hub SPUR in April this year.
SPUR General Manager Jodi Cant said innovation was an integral part of Landgate’s culture.
She said the judging panel reviewed how innovation shaped the business and assessed top innovations including the New Land Registry (NLR), a cloud-based computer platform.
Landgate built the automated platform in Midland and formed Advara, a commercial spin-off to sell the service outside WA.
Chief executive Mike Bradford said the NLR went live in June last year.
“The success of the project in WA prompted Landgate to seek opportunities to market the NLR to other jurisdictions in Australia and internationally,” he said.
Advara is the first government department to launch a land registry start-up.
Mr Bradford said NSW, South Australia and New Zealand were in the process of looking at land registry solutions and “expressions of interest will be submitted where appropriate”.
Landgate employees in Midland worked on the management structure of Advara and Mr Bradford is a company director.
“Employees from Landgate have provided mostly in-kind support to the establishment of Advara,” he said.
“Landgate has not invested capital into Advara.”
He said the spin-off recently secured private sector investment.
Economic benefits of the NLR innovation are expected to include a projected saving of $52 million across the first five years of operation.
Along with less red tape and faster transactions, the electronic system uses less power through shared cloud-space.
“(Other) benefits, if Advara is successful in winning additional customers, include higher financial returns to Western Australian taxpayers,” Mr Bradford said.