Community home
Menu
  • PEXA Certified Expand

    PEXA Certified

    This program will give you an introduction to PEXA, how it works and how it can help you transform your business processes.

    Discover More
    • Getting Business Ready
    • System Set Up
    • Transacting in PEXA
  • Help Centre Expand

    Help Centre

    Here you’ll find more than 230 help articles and videos to assist you.

    Discover More
    • Help Articles
    • Help Videos/PEXA TV
    • PEXA Interactive Demos
    • FAQs
    • Ask a Question
    • PEXA Certified
  • Ask a Question
  • Share your Experience
  • Raise an Idea
  • Blogs Expand

    Read the latest in our blogs.

    Keep up to date with the latest PEXA product releases, and read up on the property blog.

    Discover more
    • Community Blog
    • The Property Blog
    • Security Updates
    • PEXA Product Releases
    • Announcements | Outages etc
    • The Bank Blog
    • Workspaces
      Community
      Register
      Log in
    Apps menu
  • Register / Login

Community Home
Register / Login

INTEREST TITLES - SECTION 104

cancel
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for 
Search instead for 
Did you mean: 
  • Community
  • :
  • Join the Discussion
  • :
  • Ask a question
  • :
  • Re: INTEREST TITLES - SECTION 104

INTEREST TITLES - SECTION 104

Reply
Topic Options
  • Subscribe to RSS Feed
  • Mark Topic as New
  • Mark Topic as Read
  • Float this Topic for Current User
  • Bookmark
  • Subscribe
  • Printer Friendly Page
  • All forum topics
  • Previous Topic
  • Next Topic
Chezza
Chezza
Occasional Contributor
  • Mark as New
  • Bookmark
  • Subscribe
  • Subscribe to RSS Feed
  • Highlight
  • Print
  • Email to a Friend
  • Report Inappropriate Content

on ‎27-05-2020 04:22 PM

on ‎27-05-2020 04:22 PM

INTEREST TITLES - SECTION 104

I have a sale matter which comprises 2 interest titles. This would have normally been a paper settlement/lodgment. There is a mortgage on the titles and the incoming purchaser will ave an incoming mortgagee. To deal with this do we complete a normal old fashion paper settlement discharge of mortgage transfer, SRO assessment, cheques and all with the incoming bank collecting all docs. The CT controller would  nominate the two interest titles to a paper instrument, then the incoming bank lodges same by way of PEXA Sec 104 uploading all necessary docs??  Confirmation or advise as to how to do it would be greatly appreciated. 

Category:
  • Financial Settlement
  • Lodgement
0 Likes
Reply
  • All forum topics
  • Previous Topic
  • Next Topic
3 REPLIES 3
Thanh
Moderator Thanh Moderator
Moderator
  • Mark as New
  • Bookmark
  • Subscribe
  • Subscribe to RSS Feed
  • Highlight
  • Print
  • Email to a Friend
  • Report Inappropriate Content

on ‎04-06-2020 11:11 AM

on ‎04-06-2020 11:11 AM

Re: INTEREST TITLES - SECTION 104

Hi @Chezza 

 

All Victorian paper lodgements can be lodged through the PEXA platform using one residual document: RECORD – NOTICE – Transfer of Land Act – Section 104.

 

The lodging subscriber must be acting for one of the transacting parties in the paper transaction. The existing rules for paper lodgement still applies, also the same supporting documents that would be required to satisfy the lodgement in paper will need to be uploaded and attached to the Section 104. If the multiple dealings form a case, then the Registrar will accept multiple attached paper dealings in the one generic residual dealing lodgement if the dealings are related and cannot be otherwise be lodged through PEXA.

 

For more information please see the below link:

https://community.pexa.com.au/t5/Victoria/Land-Use-Victoria-Guide-to-submitting-a-paper-transaction-...

0 Likes
Reply
Stephanie1
Stephanie1
New Contributor
  • Mark as New
  • Bookmark
  • Subscribe
  • Subscribe to RSS Feed
  • Highlight
  • Print
  • Email to a Friend
  • Report Inappropriate Content

on ‎16-09-2020 09:58 AM

on ‎16-09-2020 09:58 AM

Re: INTEREST TITLES - SECTION 104

Hi,

 

I have a similar situation for the sale of a car park involving one "normal" title and then four interest titles.  Can this transaction be conducted in the normal way in PEXA or will it need to be done in paper with s104 residual lodging?

 

Thanks. 

 

Stephanie.

0 Likes
Reply
Chezza
Chezza
Occasional Contributor
  • Mark as New
  • Bookmark
  • Subscribe
  • Subscribe to RSS Feed
  • Highlight
  • Print
  • Email to a Friend
  • Report Inappropriate Content

on ‎16-09-2020 10:01 AM

on ‎16-09-2020 10:01 AM

Re: INTEREST TITLES - SECTION 104

Hi Stephanie,

 

We've done a few interest ones since and they have to be done in paper by way of S104 residual lodgement. 

 

Regards

 

Chezza

0 Likes
Reply
PEXA

|

Facebook Twitter LinkedIn
  • Support
  • Privacy Policy
  • Terms of Service