16-04-2019 09:53 AM - edited 16-04-2019 10:09 AM
Yes if you hold the title you can lodge a Nomination as CT Controller in the Transmission workspace, with the remaining tenants in common proprietors unrepresented.
In the Nomination, you can select yes or no to the question "Do you wish to retain eCT/electronic control of the title after the transaction?"
If you select yes, this means the title will be issued to your firm as an eCT after registration of the Transmission. No issuing instructions can be entered into the Lodgement Instructions for the Transmission, as those instructions are already specified in the Nomination.
If you select no, this means that issuing instructions for the title will need to be entered in the Lodgement Instructions for the Transmission. The title can only be issued to a party in the Transmission lodgement case. In your scenario it can only be issued to the Estate solicitors.
If you require a paper title, your options are as follows:
Select yes to retain eCT control of the title after registration of the Transmission. Following registration, you can make an application to convert the eCT to a paper title. This application is made directly with Land Use Victoria, and the form can be found here.
Select no and have the title issued to the Estates solicitors as a paper title, then make arrangements to collect the paper title from that firm.
I hope that helps.
on 31-05-2019 09:24 AM
I have a paper CT needed as security for a separate transfer of property. Can I nominate the Paper CT to eCT in a separate workspace so that the bank has access?
31-05-2019 04:39 PM - edited 31-05-2019 04:40 PM
If the document is being lodged via PEXA, then you will need to be invited into that workspace as the CT Controller so you can nominate the title, making it available for the transaction within the workspace.
If the document is being lodged via paper and you have a paper title, you will need to hand over the paper title at settlement, as usual.
2 weeks ago
Hi @NancyC and all ,
In response with your Scenario 1:
Where the title is currently an eCT and lodgement will be completed via PEXA
The CT Controller is the mortgagee on title. A Discharge of Mortgage and Transfer will be lodged together in the same lodgement case via PEXA. A Nomination is not required as the mortgagee is a party to the transaction, having prepared the Discharge of Mortgage which forms part of the lodgement case.
I inform that your above advice is correct, but is only limited to the situations where the Mortgagee of Title or the eCT controller is one of the Big 4 banks (e.g. CBA, ANZ, NAB and Westpac).
If the mortgagee on title or eCT controller is not one of the big 4 banks, then a Nomination must be completed and lodged for settlement to proceed.
Further practical note:
Hope this will help other PEXA users!