Source Accounts

[Karen3]

Hi

We have a matter where we need to lodge a Transmission Application.  We have no funds in trust at this point in time. We are happy to use our fee paying account for this particular transaction.  Is there a way that we can set this up in PEXA so that the PEXA fee and the NSW LRS registration fee can be taken from our fee paying account instead of the trust account?

[Natalie]

Hello Karen

If you are lodging a Transmission Application on its own (as a stand alone transaction), the PEXA fee and the land registry fee will be direct debited from your firm’s fee paying account.  If however, the Transmission Application forms part of a financial settlement, then the PEXA fee and the land registry fee will be listed as a payment on the Financial Settlement Statement.