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Please find information on discharge authority preferences for financial institutions listed below.
Channels (PEXA Transaction)
Form can be accessed from
Note: NAB's Transfer Checklist can be found here.
As an Incoming Mortagagee, the DA is generally sent at
As the Outgoing Mortagagee, the trigger for discharge process is
SLA for processing DA
Note: St George (Bank of SA & Bank of Melbourne) Transfer Checklist can be found here.
Note: Westpac's Transfer Checklist can be found here.
Gotta love the consistency - not!
I for one object to the increasing expectation that its the conveyancers job to obtain the Bank's form from the Bank, get it completed/signed by the Bank's client & send it to the Bank.
The Bank should own this part of the lending process, not fob it off to the conveyancer.
When there is one security property/one loan DA's are relatively easy to complete. When they are more complex the borrower needs to discuss with their lender, not the conveyancer.
Banks - take some ownership!
Totally agree- one generic discharge authority .. giving Bank contact details, authority to deal with us & they contact proprietor. None of this “the d/a is out of date by 6 months” Or wait days for the lender to email you an authority or getting elderly people into you office to help them online (because the branch closed down in your rural area a few years back)..
They could bring on a "national mortgage" but not a national discharge authority ?
I simply hate getting elderly people in my office to complete the "online discharge authority forms"
We are all after the same thing - a Discharge of Mortgage from a lender - it cant be that complex ?
If it is that complex - then they should be getting the Banks to do them ...
Hi @goolwaconveyancing I seem to recall that some years ago the banks (ABA?) tried to develop a national template but talks stalled when they couldn't agree whether to call it a "Discharge Authority" or "Authority to Release"
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