on 04-07-2018 11:06 AM
Our council (Mornington Peninsula) complains when we send in PEXA Notice of Acquisition as it does not include the Purchasers dates of Birth and who is acting on the other side. (Vendor's representative)
Can this form please be amended so that the council is happy
on 06-07-2018 08:20 PM
I have received similar complaints from Yarra Valley Water.
They are particularly concerned that the PEXA Notice of Acquisition (NOA) does not include Lot #/Plan of Subdivision and therefore cannot be matched up with the property details on their system.
To resolve this my office continues to use the old SRO Notice of Acquisition.
on 07-10-2018 02:39 PM
Another shortcoming of the PEXA notice of acquisition is that the system does not appear to cross-check the date of settlement in PEXA with the date of possession/transfer in the PEXA notice of acquisition.
For example, we recently had a matter which was originally scheduled to settle on 14 December 2018. A notice of acquisition was created when the matter was opened recording 14 December 2018 as the date of transfer/possession.
The parties subsequently agreed to bring settlement forward to 26 September 2018.
The matter settled and shortly thereafter we received a phone call from the owners corporation manager who had been served with a copy of the NOA to say that the date of transfer/possession on the NOA was 14 December 2018.
What is the point of having an electronic conveyancing system if simple discrepancies like this are not picked up? The system should be amended to prompt the user to review the date of transfer/possession in the NOA if it does not correspond with the date of settlement in the workspace.
Once the matter has settled it is not possible to amend the NOA or create a new one so the only option is to use the SRO form. Another frustrating shortcoming of PEXA that ought to be quickly and easily resolved !