Dear members,
There has been some uncertainty around processing NSW Family Law transactions using PEXA. While work was underway to clarify the impacts of such transactions on our ecosystem partners, Revenue NSW and NSW LRS, PEXA asked members to cease transacting these transactions in PEXA, and to utilise the current waivers in place for processing in paper. I’m pleased to advise work in this area has completed with the following transaction types now back in scope for processing in PEXA:
|
|
Transaction |
Description |
Example |
Outcome |
|
1 |
(A+B)->A |
Where A+B are joint tenants and one is coming off title. |
Divorce |
Can be transacted in PEXA as all off all on. |
|
2 |
A->(A+B) |
Where A is bringing B on title as a joint tenant. |
Marriage |
Can be transacted in PEXA. Select A as the party staying on title. |
*NB the above applies to both non-monetary and dutiable scenarios
This clarification will be communicated throughout the ecosystem for alignment across members. Please contact us via this thread to discuss in further detail.
Happy transacting 
Belinda
