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.
You can find the Service Charter here.
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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:
- the Lodgement and Financial Settlement in the first (or Preceding) Electronic Workspace has completed successfully; or
- where applicable, the relevant Subscribers have selected Lodgement Override in the Preceding Electronic Workspace.
PEXA will only facilitate linked Sequential Lodgement under the following conditions:
- the initiating Subscriber must be, or must be acting for, an incoming mortgagee or a mortgagee on title;
- the initiating Subscriber must be be a participant in the relevant Electronic Workspaces;
- the settlements must not already be linked for a Simultaneous Lodgement, Sequential Settlement or Simultaneous Settlement;
- Financial Settlement can only be executed for a Trailing Electronic Workspace if the Lodgement and Financial Settlement in the Preceding Electronic Workspace have been completed successfully; and
Sequential Lodgements must have at least an hour between the preceding and Trailing Electronic Workspaces on the same date of settlement.
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2.18.2 Simultaneous Lodgement
PEXA will only facilitate linked Simultaneous Lodgements under the following conditions:
- the initiating Subscriber must be, or must be acting for, an incoming mortgagee or a mortgagee on title;
- the initiating Subscriber must be a participant in both Electronic Workspaces;
- the settlement in both Electronic Workspaces must be scheduled for the same settlement date and time;
- the settlement in both Electronic Workspaces must be a Financial Settlement; and
- the settlements must not already be linked for a Sequential Lodgement, Sequential Settlement or Simultaneous Settlement.
After Locking the Electronic Workspaces simultaneously, PEXA will Lodge and settle the Electronic Workspaces independently.
