There is a bank holiday in NSW on Monday August 7. Confirming this will have no impact on PEXA transactions that day in NSW, and electronic settlements will proceed as per usual. However there will be reduced settlement hours (last slot 4.30pm AEST). For more information on hours of operation please refer to the Service Charter (point 8.2.).
PEXA Release 6.1 is now live! Read all details in the Release notes here.
In this release, PEXA introduces the ability to:
Find attached a marked-up copy of the PEXA Service Charter, highlighting the latest changes.
The Service Charter has been updated on Monday 6th March 2017 on the PEXA website, in accordance with changes being introduced for Release 5.1.
The Service Charter will be updated on Monday 8 August 2016 on the PEXA website, in accordance with changes being introduced for Release 4.1.
Section 2.18 PEXA will support linked Lodgements
PEXA will provide capability to enable Subscribers who are, or who are acting for, an incoming mortgagee or a mortgagee on title to complete Sequential Lodgements or Simultaneous Lodgements.
Electronic Workspaces are linked via the Settlement Schedules of the relevant Electronic Workspaces.
PEXA will make the link request available to be accepted by the same Subscriber within the Electronic Workspace to be linked. Once the link request is accepted by the relevant Subscriber, PEXA will Link the Electronic Workspaces.
2.18.1 Sequential Lodgement
PEXA will not commence settlement of a Trailing Electronic Workspace(s) unless:
PEXA will only facilitate linked Sequential Lodgement under the following conditions:
Sequential Lodgements must have at least an hour between the preceding and Trailing Electronic Workspaces on the same date of settlement.
2.18.2 Simultaneous Lodgement
PEXA will only facilitate linked Simultaneous Lodgements under the following conditions:
After Locking the Electronic Workspaces simultaneously, PEXA will Lodge and settle the Electronic Workspaces independently.
As advised in Titles Registry Alert 127, revised Queensland Titles Registry fees take effect as from 1 July 2016.
The Titles Registry online fee calculator will be updated on 1 July 2016 to reflect the revised fees that commence on that date.
Please note that up to and including 30 June 2016 the calculator will continue to function using the existing 2015-2016 fees.