A Nomination document is an authorisation document required by the Victorian Land Registry. Nominations provide permission for a party or parties to transact with a land title.
Nominations replace the physical requirement to handover the duplicate certificate of title at settlement.
A Nomination may be created to authorise a transaction that is occurring within PEXA or in the paper channel.
When a Nomination is created to authorise a transaction within PEXA it must be created in the same Workspace as the Lodgement Case for the transaction. Please Note: If the title is electronic and you are named as CT controller then no nomination is required.
In order to perform a Nomination, you must either be in possession of the paper Duplicate Certificate of Title or be the current Controller of the electronic title.
Role: Mortgagee on Title, CT Controller, or Incoming Mortgagee
A Workspace must first exist:
For a discharge, the Discharge document that you want to associate to the Nomination has been created.
For a standalone Nomination, providing authorisation to an organisation outside PEXA, a Workspace must exist.
Issuing of the Title after Lodgement
A Nomination can either:
Allow the Lodgement Case to determine who the title will be issued to or,
Require that the title is retained by the Subscriber performing the Nomination following successful lodgement.
John Smith wishes to place a second mortgage on this property.
His first mortgage is with Blue Bank, and the second mortgage is to be with Green Bank. In order to place the new mortgage on John Smith’s property, Blue Bank (Mortgagee on Title) must provide authorisation for the new mortgage to be placed on the property. A Nomination document is required to provide this authorisation.
Green Bank (Incoming Mortgagee)
Creates a new Workspace.
Creates a new Mortgage.
Invites Blue Bank to join the Workspace.
Blue Bank (Mortgagee on Title)
Receives and accepts the Invitation.
Creates a Nomination.
Assigns Green Bank and John Smith as parties on the Nomination.
Requests for CT control to return back to Blue Bank once transaction is complete Nomination Document.