Transfer representing the purchaser in SA | Help Centre

[EmilyBilling]

Use the following steps as a guide to completing a transfer with financial settlement in PEXA representing the purchaser in South Australia. A flow chart of the transfer process can also be downloaded at the bottom of this article. 

Before you begin try using our interactive simulator to assess if your SA Transfer can be processed in PEXA.

Refer to this article on How to Complete a Transfer Representing the Vendor in SA. 

Either: Create a New Workspace

1. Click on Create New Workspace.  
   
    
   • Jurisdiction = SA
   • Role = Incoming Proprietor
   • Land title(s)
   • Subscriber Workspace Reference
   • Request land title data now 
   • Primary Default Workgroup
   • Financial Settlement Date and Time
2. Click Save. 

or, Accept an Invitation

1. Click Invitations.  
   
2. Review the Invitation sent from the Proprietor on Title.
3. Select Accept. 
4. Enter your Subscriber Workspace reference (your unique identifier for the workspace, e.g. matter number).
5. Following acceptance of the invitation, Accept or Propose a new settlement date & time.

Review Land Titles

1. Navigate to the Land Titles screen.
2. Review the land title details returned from the Land Registry (including proprietors on title, any existing caveat or mortgage details).

Confirm Representation of Party

1. Navigate to the Participants screen and then click Create Party.
   • Select I Represent this Party.
   • Role = Incoming Proprietor.
   • Enter client details, including date of birth and address details.
2. Click Save. 

Invite Participants 

1. On the Participants screen, click Invite Participant. 
2. Invite Vendor as Proprietor on Title.
3. If a Mortgage is to be lodged, invite the financial institution who is the Incoming Mortgagee. 

Create Transfer

1. Navigate to the Documents screen. 
2. Click Document and then Transfer. 
3. Complete the Transfer details. 
4. Click Save.
    

Verify Stamp Duty

1. Navigate to the Stamp Duty screen. 
2. Click Enter Duty Information.  
   
3. Select if the Stamp Duty is to be included in PEXA Financial Settlement. 
4. Enter the RevenueSA RevNet ID. 
   Note: In SA, your responsibility is to prepare an application for a duty assessment in the RevenueSA Revnet system. You then enter the Revnet ID number in PEXA on the Transfer Duty Screen. 
5. Click Save. 

Monitor the Proprietor on Title’s Completion of Tasks

1. Via the Documents screen, review that the Proprietor on Title actions the Transfer.  

Monitor the Incoming Mortgagee’s Completion of Tasks

1. Via the Documents screen, review that the Incoming Mortgagee creates and signs the Mortgage document.  

Monitor Documents

1. Review the Documents screen and monitor completion of tasks by other participants
2. From the Actions column, select View to view a rendered version of the document. 
   

Edit Lodgement Instructions

1. From the Actions column, select View and then Lodgement Instructions. 
   
2. Confirm Order of Lodgment.
3. Confirm Responsible Subscriber.
   Note: Editing lodgement instructions un-signs documents in the lodgement case. Select View if no changes are required.

Sign Lodgement Instructions

1. From the Actions column, select Sign and then Lodgement Instructions. 

Providing funds: Complete and Verify Source line items

1. Navigate to the Financial Settlement screen. 
2. Select the Source tab.
3. Add Source funds where necessary (e.g. Purchasers equity).
4. From the Actions column, select Verify Funds to verify the line item. 
5. From the Actions column, select Authorise to authorise any Trust source accounts. 
6. Select the Destination tab. 
7. Add Destination funds where necessary (e.g. Water authority, local council, conveyancing fees).

Sign Financial Settlement Schedule

1. From the Actions column, select Sign and then Sign Settlement Schedule. 
    

Monitor Workspace

• Review your Workspace and monitor any changes to the Workspace right up to settlement via the Workspace Summary screen.
• You also receive email notifications informing you of changes to the Workspace. 

Note:

• The Workspace must be in Ready status for settlement to be successful.
• Any changes to the title 1 hour prior to settlement triggers a Positive TAC notification. This must be acknowledged by Incoming parties for settlement to proceed.

Successful Settlement

Check that:

• All documents are signed and lodgement verification is successful
• Financial Settlement is correct and balanced