on 01-03-2018 03:32 PM
I understand that all standalone transfers are to be lodged electronically through PEXA now, however, if the other party was not yet signed up to PEXA, are you still able to lodge a paper Transfer?
I'm sure that you must be, I just want to confirm that it would not be turned away at the counter.
Thanks in advance.
on 01-03-2018 04:12 PM
That question is answered in the 1 March mandate FAQ post. The advice we've received from Land Use Victoria is that regardless of whether a party is registered for PEXA or not, the transfer must be lodged electronically.
Our onboarding team have put in a power of work to make sure the practitioners in Victoria, who complete these transactions, are registered. Of course there are still a number who have not and unfortunately they may very well be turned away at the counter.
We're suggesting that anyone who has not yet registered in Victoria contact our team immediately to start the registration process.
on 01-03-2018 04:24 PM
Thanks for the response @TJ, I missed that bit in the mandate, I thought that would likely be the case.
But Transfers lodged with Mortgages and Discharge of Mortgages can still be done via paper transaction at the moment?
on 01-03-2018 04:56 PM
That's correct for the Victorian jurisdiction, as per the latest Land Use Victoria Bulletin;
Under Registrar’s requirement 6.5 the following exceptions to lodging using an Electronic Lodgment Network (ELN) include: