We've prepared this information to address some common queries about the treatment of fees in relation to PEXA transactions. Specifically:
(i) South Australian lodgement fees being collected by PEXA, not Revnet;
(ii) Reconciliation and adjustment of the Discharge of Mortgage lodgement fee, particularly in South Australia and Western Australia;
(iii) How South Australian practitioners may now account to their purchaser clients in relation to lodgement fees;
(iv) The different treatment of PEXA fees for Financial Institutions (direct debit) and Representative Subscribers representing Financial Institutions (line items).
Refer to PEXA’s Pricing Schedule for more details.
In a Conveyancing Transaction involving multiple parties (such as a Transfer) the Responsible Subscriber is typically the Incoming Mortgagee (or if there is no Incoming Mortgagee, the Incoming Proprietor). It is important that Subscribers edit and view the Lodgement Instructions to ensure the correct Responsible Subscriber has been selected. Only one Responsible Subscriber can be selected per Lodgement Case.
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