Getting a copy of the "new" CT after transaction complete
Can we get a copy of the new CT (whether paper or eCT) when the transaction is complete ? On the pricing schedule it talks about a "Title information resupply fee". What is a "title information resupply" and how do you get one ?
Re: Getting a copy of the "new" CT after transaction complete
The rules regarding issue of pCT or eCT are set by Land Use Victoria.
If the lodging party (Responsible Subscriber) is identified as one that is to receive eCT only (currently only selected Financial Institutions meet this criteria) LUV will automatically issue eCT.
If the lodging party (Responsible Subscriber) does not meet the above criterea (those who meet the criteria know who they are) then PEXA allows the lodging party to select the format of title issue; be it electronic or paper. This option is found in the Lodgement Instructions, which are digitally signed by the lodging party.
If your firm is the named CT Controller for an electronic title, to obtain a paper title you will need to make the request of LUV using a from available from the LUV web site. But may I suggest you have a think about this before automatically requesting a paper duplicate CT. You may find it is more convenient, more secure and lower cost to retain electronic CT Control. That said, it is always your choice and the choice of your client.
Information re-Supply is a means by which to refresh land title data in the workspace.
Typically, if a Title Activity Check (TAC) returns a positive result and subsequent inquiry reveals that affected land title data is pertinent to the dealing(s) in the workspace, then any of the workspace participants are allowed to request Information Re-Supply to 'refresh' land title data.
The Participant requesting information re-supply will incur the fee levied upon PEXA by the Land.
If you have more questions please contact me @GeorgePolus at any time.