New to this release is the ability for NSW Representative subscribers to lodge Notices of Death documents in PEXA.
If a joint tenant is deceased, then the surviving Tenant(s) can make an application to the Land Registry to have the deceased’s name removed, so that only the surviving proprietor’s name is on the Title.
In New South Wales, a Notice of Death:
Can be processed for Joint Tenant Title,
Can be processed for Tenant in Common Titles which have Joint Tenant groups,
Some or All surviving Joint Tenants can be represented as Applicants in the Notice of Death.
A Notice of Death can be lodged as a standalone, or in combination with any of the following document types supported in PEXA:
Discharge of Mortgage
Withdrawal of Caveat
Part Tenancy Transfer
Note: A Transmission can be lodged in the same workspace as a Notice of Death where the tenancy type is TIC with joint inter -se and one of the Tenants in common is also deceased.
We are pleased to advise that PEXA has integrated with the ATO for Foreign Residential Capital Gains Withholding (FRCGW) payments.
As part of R11.1.1*, PEXA members will be able to now complete the details of the Purchasers Payment Notification and lodge it with the ATO. Once successfully lodged, a FRCGW destination line item is automatically created with the payment reference number and amount, unique to the client(s). Upon settlement, the payment(s) will be directed accordingly to the ATO.
Any steps outside of lodging the form and submitting payment will still need to be completed by existing process which you may have.
*The ATO integration will be available post-release; with the date to be confirmed.
As you can now complete a wide variety of documents in PEXA, we have replaced the Complete Transfer task with a more general Create Document task. When you click on the Create Document link, you will be taken to the Document List screen where the full list of documents that are available to you will be displayed. This task is relevant only to subscribers in the role of Incoming Proprietor or Proprietor on Title.
We understand it’s often hard to determine why your Transfer document is not moving to a Prepared document status. Quite often, this is because the Proprietor on Title party is not yet represented or is missing identification information such as date of birth. To help you quickly ascertain what is missing from your Workspace, we have added a warning message to the Transfer document to highlight when information is missing. When you see this warning message on a Transfer document, the proprietor's representative should navigate to the Participants screen and then Edit the Proprietors on Titles party record to add these details.