PEXA is pleased to present a minor release of the PEXA System, Release 11.1.0, scheduled for business go live 03 February 2020.
A Change of Name document is now available in WA. If a party on title or an Interest Holder has changed their name, they can now lodge this document to have their name updated on title.
As WA does not support a name change through justification by using a Mortgage document, the new Change of Name document allows you to do this. A party whose name has changed and who is having a mortgage lodged on their property, must be represented in the Workspace and have their representative create a Change of Name document. Upon creation of a Change of Name document, the Mortgage will reflect the updated name and both documents can be lodged together in the same lodgement case.
Holders of the following Interest Types can lodge a Change of Name to update their name on title:
The following optional attachments may be submitted for lodgement with a Change of Name document:
(Referencing PEXA LS4-3744)
We are continuously looking at ways to make transacting in PEXA more efficient and to reduce the amount of time it takes to complete a transaction. We have continued this work in R11.1.0 by:
(Referencing PEXA S-5892, FS-5889, FS-5890, FS-6080, FS-5455)
For R11.1.0, we have improved some of the Tasks so that they more effectively guide you through your transaction. These enhancements include:
(Referencing PEXA FS-5754, FS-5851, FS-6065, FS-5753, FS-5939, FS-5768)
We've added a new Workgroup column to the Active dashboard so you can filter and sort by Workgroup. This column provides greater visibility of your team's workload, making it easier to manage.
(Referencing PEXA UI-442)
We've added a new 'User Type' column to the Manage Users screen so Subscriber Managers can quickly identify the type of user. Subscriber Managers will now be able to sort and filter by user type. We've also added this column to the Subscriber User Support screen so that member support staff can easily see the user type when taking support calls.
(Referencing PEXA UI-445)
Some banks have advised us that the Document Reference should be a mandatory field in a National Mortgage. From this release, a Subscriber Manager has the option to enable this as a compulsory field for Financial Institutions.
(Referencing PEXA FS-6138, FS-6156)
We are now notifying you via email when your Transfer document has been unsigned. Hopefully, this means any last-minute unsigning of a Transfer can be quickly rectified, and settlement can go ahead as scheduled.
(Referencing PEXA FS-6106)
Further enhancements around broken simultaneous settlement links have been introduced into this release.
In scenarios where simultaneous settlement financial links are de-linked due to an automated process – i.e. where a PEXA user has not actively removed the link – then the link owners (the participants who send and accept financial settlement links) will receive enhanced emails and notifications informing them of the broken link.
This is in addition to the current notifications in the history page of the impacted workspace.
(Referencing PEXA SETT-8593)
PEXA has enhanced the WA Mortgage to support Mortgages of an Interest in Land to allow for the following:
Currently, not supported in PEXA:
Supported interest types
The supported Interest Types for the Mortgage of an Interest Document is not limited to Lease and Sub-Lease interests only. Below is a list of all supported Interest Types for the Mortgage of an Interest Document:
(Referencing PEXA LS4-3823)
PEXA has enhanced the WA Mortgage to support the Mortgage of Part of the Land in a Title. This enhancement supports scenarios where the Mortgage is multi-lot, and the mortgage is to be registered over a sub-set of the titles lots.
The enhancements include the ability to lodge:
Currently, not supported in PEXA:
(Referencing PEXA LS4-3823)
PEXA has extended the scope of WA Caveats to support more scenarios. Additionally, WA Land Registry have revised their Claim Categories and Statements and included the category of 'Other' to support those that don't fit into the specified categories.
Supported in PEXA:
Currently, not supported in PEXA:
To see the list of updated WA claim categories and statements in this release, click here.
Part of the land:
Some of the Proprietors:
New Claim Categories:
This table shows an updated list of all WA Caveat Claim Categories and Statements.
|Claims category||Claim Statements added||Claim Statements removed||Claim Statements renamed|
|Agreement/Contract||Agreement with the following Parties and Date||Purchaser’s lien to secure repayment of money paid under a contract of sale with the following Parties and Date|
|Agreement with the following Parties and Date providing an option to purchase||Unpaid Vendor under a contract of sale with the following Parties and Date|
|Agreement to create a Profit a Prendre with the following Parties and Date||Option to Purchase with the following Parties and Date|
|Agreement to create a Restrictive Covenant with the following Parties and Date||Option to Lease with the following Parties and Date|
|Agreement to create an Easement with the following Parties and Date|
|Charge||Charge contained in a building agreement with the following Parties and Date|
|Charge contained in a mortgage with the following Parties and Date|
|Lease||Option to renew a lease for the following Lease Term with the following Parties and Date||Option to renew a lease for the following Lease Term, the option being in a lease/document with the following Parties and Date|
|Sub-lease of a Lease with the following Parties and Date||Option to purchase in a lease with the following Parties and Date|
|Sub-lease with the following Sub-Lease Parties and bearing the Sub-Lease Date for the following Sub Lease Term, deriving from a Lease with the following Parties and Date|
|Certificate of Title||All Claim Statements are removed, this Claim Category is removed.|
|Mortgage||Mortgage of a Lease with the following Parties and Date||Mortgage with the following Parties and Date|
|Mortgage of a Carbon Right with the following Parties and Date||Mortgage with the following Mortgage Parties and Mortgage Date for the Mortgage Term of a Lease with the following Parties and Date|
|Mortgage of a Carbon Covenant with the following Parties and Date||Mortgage with the following Parties and Date of the following Carbon Right|
|Mortgage of a Plantation Interest with the following Parties and Date||Mortgage with the following Parties and Date of the following Carbon Right and Carbon Covenant|
|Mortgage with the following Parties and Date of the following Plantation Interest|
|Other (new claim category)||Other|
|Statutory Charge||Equitable charge under section 255-105 of the Taxation Administration Act 1953 (TAA 1953)|
|Trust or Settlement||Beneficiary under a will of the following deceased Party||Beneficiary under the will of the following deceased Party, where probate has been granted and administration of estate is complete||Beneficial interest under a declaration of trust or trust document with the following Parties and Date|
|Beneficial interest under a declaration of trust or trust document with the following Parties and Date||Court Order under the Family Law Act 1975 (Cth) of the following Court, Action Number, Parties and Date conferring or recognising an estate or interest in land or permitting the lodgment of a caveat|
(Referencing PEXA LS2-8184)
PEXA has enhanced visibility by displaying the Issuing Details information on the header of the Document List screen.
Similar to the display of 'Responsible Subscriber' on the Document List screen, by displaying Issuing Details information, this should alleviate the need for Subscribers to edit the Lodgement Instructions unnecessarily.
The following details are included for each title in the lodgement case:
We've limited the number of titles that display on the header to three titles. If there are more than three titles in the Workspace, you may click the View more Issuing Details link to navigate to the Lodgement Instructions rendered view.
(Referencing PEXA LS4-5124)
We've extended the scope of what can be transacted on in PEXA for a WA title:
The WA Land Titles screen will be updated to display the following additional information:
(Referencing PEXA LS2-7489)
As part of Registry Information Supply, WA Land Registry will now provide PEXA with more Interests in Land. PEXA will display these under the Other Interests section of the Land Titles screen for the member's view.
(Referencing PEXA LS2-7490)
We've updated the formatting of the Land Title reference by replacing the "/" character with a "–" character.
For example, a land title reference that would display as xxxx/xxx will now display as xxxx-xxx.
You may still enter "/" in the input field, and PEXA will convert the character to "–" in the request.
(Referencing PEXA LS-7741)
Updates to the Model Participation Rules (MPR), defined by ARNECC, have been extended to WA documents. This update includes the recognition of an agent (i.e.: administrator or attorney) transacting on behalf of a client.
When a Subscriber navigates to the Document Signing screen, they’ll see the updated certifications for the document:
Subscribers are required to comply with the MPR made by the Registrar. By signing the documents, the Subscriber certifies that they comply with their obligations, as stated in the MPR.
As of R11.1.0, all jurisdictions, except NSW, have adopted this updated certification.
For more information, see here.
(Referencing PEXA LS3)
As part of our continuous improvement, we have removed non-essential fields from a QLD Transfer:
Screenshot highlighting the fields removed:
Screenshot showing the new form:
(Referencing PEXA LS4-5130)
PEXA has worked closely with NSW Land Registry Services and State Revenue Office to open up Joint Tenancy titles for use in a PEXA Part Tenancy Transfer.
When a title's proprietors have a Tenancy Type of Joint Tenants, ALL Proprietors must be included as Transferors and represented in the Workspace. This requirement has been added to prevent a Transfer that might attempt to 'Sever the Joint Tenancy'.
Proprietors on Title can then be re-selected to be used as Transferees, as required.
This change allows the following scenarios to be completed in PEXA using a Part Tenancy Transfer:
(Referencing PEXA LS2 – 9293)
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