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mli89
mli89
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on ‎11-02-2022 01:55 PM

on ‎11-02-2022 01:55 PM

Transmission

Hello,

Transmission Application (VIC), 2 questions:

  1. Does PEXA support TA and Transfer in one workspace now in Victoria?
  2. When preparing PEXA workspace for transmission application, there are the following questions:
    • Is party acting as trustee - should this be noted as YES because the executor will then hold the property as a trustee of the Estate?
    • Party Capacity Detail - what should be inputted in this section?

Thanks in advance.

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  • VIC
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VesnaVranjes
VesnaVranjes Star Employee
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on ‎15-02-2022 10:08 AM

on ‎15-02-2022 10:08 AM

Re: Transmission

Hello mli89,

 

Hope you are well.

 

In Victoria currently you are unable to lodge a TA and Transfer within the same workspace - pls refer to link below:

https://community.pexa.com.au/t5/Help-Centre/Survivorships-or-Transmissions-and-a-subsequent-Transfe...

 

In relation to is a party acting as trustee - please click the little blue "i" near the question when creating the participant and it will provide further information. Being an executor does not automatically mean you are acting for a registered Trust.

 

In relation to Party Capacity - there are 4 options (Administrator, Administrator with limitations, Executors or Minor) please select the most appropriate for your client.

 

Kind regards

 

Vesna Vranjes

Team Lead - Customer SuccessHub

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