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: