The Torrens Assurance Fund is a statutory scheme designed to compensate people who, through no fault of their own, suffer loss as a result of the operation of Torrens Legislation. Specifically if a fraudster tricks a lender into taking a mortgage over someone else’s property and absconds with the money the rightful owner of the land will be entitled to compensation to payout the mortgage. If a mortgage is fraudulently removed (the lender is not paid out) the lender will be entitled to compensation to pay out their loan. The system act as title insurance provided by the state with the specific aim of giving confidence in the integrity of the Torrens Register and thereby encouraging dealings in real property.