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Pexa fees

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Pexa fees

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sek
sek
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on ‎28-02-2018 01:43 PM

on ‎28-02-2018 01:43 PM

Pexa fees

I am doing a transfer from a deceased estate to a beneficiary, and accordingly we act for both parties and are the eCT controller.

The fee totals $307.00 - wow !

A fee for both the Transferor and the Transferee and then the lodging fee.

I could have lodged paper transaction at LTO for $94.60.

Have I done something wrong.......???

Category:
  • Document Preparation
  • Fees and Pricing
  • Financial Settlement
  • Lodgement
  • VIC
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1 REPLY 1
bspinner
bspinner
Former PEXArian
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on ‎01-03-2018 01:15 PM

on ‎01-03-2018 01:15 PM

Re: Pexa fees

Hi @sek

 

You have done nothing wrong at all.

 

In PEXA, each party (transferor and transferee) pays a PEXA fee of $110.55. 

 

The PEXA fee covers the following services:

  • Pre-population of Land Registry data, to remove the need for re-keying.
  • Lodgement verification checks, to provide greater certainty that documents will be lodged successfully.
  • Title Activity Checks (TAC), to alert you to any recent activity on the title.
  • Lodgement gap cover, whereby PEXA may assume responsibility for loss incurred when an intervening dealing impacts registration of a covered dealing, subject to conditions set out in the Participation Agreements.
  • Electronic disbursement of cleared funds through to nominated accounts.
  • Electronic settlement booking.
  • Document creation and lodgement with the Land Registry in real-time.
  • Secure digital signature technology.
  • Stamp duty verification with the duty authority.

The PEXA fee is separate from the statutory lodgement fees, which are set by each jurisdiction’s Land Registry.

 

$94.60 would represent the fee payable to the Land Titles Office in paper. In an electronic lodgement that fee is reduced to $85.90.

 

We have attached the following links to assist you with the benefits of using PEXA:

 

https://community.pexa.com.au/t5/Ask-the-PEXA-Community/SELLING-PEXA-TO-YOUR-CLIENT/m-p/4936

 

https://community.pexa.com.au/t5/Share-your-Experiences/SELLING-PEXA-TO-YOUR-CLIENT/m-p/1208

 

 

 

 

If I answered your question please click ‘Accept Solution’
Bianca Spinner, PEXA
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