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

Purchase Price on Transfer

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: Purchase Price on Transfer

Purchase Price on Transfer

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
katherineglenn011
katherineglenn011
Occasional Contributor
  • Mark as New
  • Bookmark
  • Subscribe
  • Subscribe to RSS Feed
  • Highlight
  • Print
  • Email to a Friend
  • Report Inappropriate Content

on ‎06-03-2019 09:40 AM

on ‎06-03-2019 09:40 AM

Purchase Price on Transfer

Previously, on paper Transfers, we have been able to note the purchase price as "refer to Notice of Sale" as a means of keeping the purchase price silent in the public record at client's request. Is there any way this can still be done in PEXA transactions?

0 Likes
Reply
  • All forum topics
  • Previous Topic
  • Next Topic
3 REPLIES 3
Jessmem
Jessmem
New Contributor
  • Mark as New
  • Bookmark
  • Subscribe
  • Subscribe to RSS Feed
  • Highlight
  • Print
  • Email to a Friend
  • Report Inappropriate Content

on ‎28-11-2019 12:40 PM

on ‎28-11-2019 12:40 PM

Re: Purchase Price on Transfer

Did you receive an answer to this? I have the same issue at the moment. 

 

Thanks 

0 Likes
Reply
katherineglenn011
katherineglenn011
Occasional Contributor
  • Mark as New
  • Bookmark
  • Subscribe
  • Subscribe to RSS Feed
  • Highlight
  • Print
  • Email to a Friend
  • Report Inappropriate Content

on ‎28-11-2019 01:16 PM

on ‎28-11-2019 01:16 PM

Re: Purchase Price on Transfer

Hi Jessmem

 

This is the response I received....

 

Hi Katherine,

Thank you for your patience. Upon liaising with the Product Owner I can advise that this is the only request we have received to implement this functionality. We’re currently working through a lot of production defects in time for the May release (R10). As a priority we’re addressing defects that have had 3 or more incidents associated with them. Therefore it's safe to say that this option will not be implemented by your April 1st deadline. We do apologise for inconvenience caused and will continue to look at implementing this functionality in future. 

 

Kind regards,
Clancy

 

Not very helpful I know.....

 

Kind regards

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

on ‎02-12-2019 10:46 AM

on ‎02-12-2019 10:46 AM

Re: Purchase Price on Transfer

Hi @katherineglenn011 @Jessmem ,

 

We have another thread on this topic here and it is not the first time we have had this request.  The issue is around what is acceptable by NSW LRS and Office of the Registrar General (ORG).  PEXA creates documents in the platform based on the National E-conveyancing Data Standards.  Unfortunately in the data standards, there is no scope for providing a transfer without the consideration.  I have been liaising with ORG on if this functionality is something they would agree to.  Unfortunately the response has come back that they would not support this change and in fact, they are looking to change the rules in paper to mirror this.

 

Part of their argument is the transmission of the NOS information to the Valuer General means that the consideration amount becomes available shortly after settlement anyway, so there is limited value in leaving it off the transfer as people can find out the consideration within a few days.

 

For further discussion, please contact ORG-eConveyancing@customerservice.nsw.gov.au.

 

Hope this helps to clarify!

 

cheers
Belinda

 

3 Likes
Reply
PEXA

|

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