27-02-2018 05:38 PM - edited 27-02-2018 05:45 PM
Priority Notices are not created or lodged in PEXA. Rather, they are done in SAILIS and the PN number is then input into the Lodgement Instructions when preparing the settlement in PEXA.
Priority Notices are not mandatory in South Australia and are lodged on behalf of a party to a conveyancing transaction by a legal practitioner or conveyancer through the South Australian Integrated Land Information System (SAILIS).
Priority Notices in South Australia are effective for 60 calendar days from the date of lodgement, with an option to extend a Priority Notice (once only) for a further period of 30 calendar days.
on 08-05-2020 01:14 PM
I act for purchaser and i have registered a Priority Notice in SAILIS. At what stage must I withdraw to PN so as not to impact on the lodging/registration of documents through PEXA on day of settlement.
Is it OK to withdraw PN once PEXA has lodged/settled ?
on 11-05-2020 10:58 AM
As the product owner for Priority Notices at LSSA I'd be happy to answer this one for you.
Unless there has been an error made on your priority notice, there is no need to withdraw it. The PN will not affect settlement unless the details do not match the documents being lodged via the PEXA workspace.
It is preferred that it remains on title up until settlement to mitigate the risk of any unexpected lodgements taking place prior to your settlement. It will then drop off as the documents are lodged.
Thanks - Jess