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PEXA Release 14.0.0 | 10 May 2021

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  • PEXA Release 14.0.0 | 10 May 2021
PEXA Release 14.0.0 | 10 May 2021
BrettCS
BrettCS Star Employee
Star Employee
‎12-04-2021 10:18 AM
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PEXA is pleased to present PEXA Major Release 14.0.0, scheduled for business go live 10 May 2021.

 

UPDATE: There is no expected outage during the rollout of this release.

 

 

Key Highlights

  • Additional Consideration Types in a Transfer (QLD)
  • Auto calculation of vendor surplus for Mortgagees on Title (in pilot)
  • Member Code of Conduct (ALL)

 

Other Highlights

  • Settlement Summary enhancements (ESS enabled Workspaces)
  • Address Lookup (WA)
  • PEXA Key account details included in Vendor Surplus (ALL) (Updated 3 May 2021)
  • Displaying last 4 digits of vendor surplus account (ALL)
  • Displaying your PEXA Subscriber ID (ALL)
  • Email Notification Enhancement (ALL)
  • Deleting User Roles (ALL)
  • Dealing Numbers on Document screen (ALL)
  • Invitation enhancement – Client name visibility (ALL)
  • Add new Workspace Withdrawal Reason (ALL)
  • Fixed positioning for Left navigation menu(ALL)
  • Panel Master Auto-representation(ALL)
  • New Residual Documents (VIC)
  • Residual Documents Batch 3 (NSW)

 

PEXA Major Release 14.0.0

Additional Consideration Types in a Transfer (QLD) 

Working with the QLD Land Registry and QLD OSR to assist members with self-assessable dutiable transactions, PEXA has extended the Consideration Types options in a Transfer document. The full list of consideration types are listed below (bold indicates the new options):

  • Agreement under the part VIIIAB Family Law Act
  • Assumption of Liability under Mortgage
  • Death and Appointment of a Trustee
  • Desire to change tenancy
  • Discharge and Appointment of a Trustee
  • Financial Agreement under the part VIIIA of the Family Law Act 1975
  • Gift
  • Monetary consideration
  • Natural Love and affection
  • Pursuant to a Clause in the Trust Deed
  • Pursuant to a Family Law Act order
  • Pursuant to the Rules of Intestacy
  • Pursuant to the Terms of a Will
  • Retirement and Appointment of a Trustee
  • Severance of Joint Tenancy Pursuant to s59 of Land Title Act*

    Note: * The ‘Severance of Joint Tenancy Pursuant to s59 of Land Title Act’ Consideration Type will only apply for Part Tenancy Transfers (Transfer of Share), which will be introduced in a future PEXA Release.

(Note:  The ‘Severance of Joint Tenancy Pursuant to s59 of Land Title Act’ Consideration Type will only apply for Part Tenancy Transfers.)

This will extend the scope of self-assessable dutiable transactions to lodge electronically through the PEXA Platform.

 

Learn more

 

(Referencing PEXA LS2-13208)

Auto Calculation of vendor surplus for Mortgagees on Title (in pilot)

 

The introduction of auto calculation of vendor surplus in the Settlement Summary screen is aimed to alleviate re-work due to changes on the day of settlement for the Mortgagee on Title when they are handling the vendor’s surplus funds. This is currently in pilot with a select group of members.

 

Learn more

 

(Referencing PEXA AXL-1549)

Settlement Summary enhancements (ESS enabled Workspaces)

 

We’ve enhanced the financial settlement summary based on your feedback. For this release, we’ve streamlined the Unallocated Funds section of the screen.  When sources are less than destinations (unallocated funds are negative) you will also see the red banner as shown below.

Note: You must have the Enhanced Settlement Summary enabled first. If you haven’t enabled this yet, then please contact your PEXA representative.

image.png

Learn more

 

(Referencing PEXA AXL-2232)

Address Lookup (WA)

We’ve extended the Address Lookup service to WA to include the Party screen and select documents that require an address.

With Address Lookup, the Address field automatically populates and refines as you type, allowing you to search for a valid address quickly and efficiently without having to type in the full address.

In addition, we have updated the Add Address and Edit buttons by replacing the text buttons with icons and aligning the buttons next to the Address field.

 

(Referencing PEXA FS-8742)

PEXA Key account details included in Vendor Surplus (ALL)

 

If you’re representing the Proprietor on Title and your client has provided account details via PEXA Key (i.e. PEXA Key request has acknowledged status on adjustments and payments screen) then we’ve streamlined the process and you can now use the ‘Add Vendor Surplus’ button on the enhanced settlement summary to create/update a vendor surplus line item instead of manually creating the line item in the Adjustments and Payments screen.

 

(Referencing PEXA AXL-2274)

Displaying last 4 digits of vendor surplus account (ALL)

 

To allow Banks (Mortgagee on Title) and Practitioners representing the Proprietor on Title to quickly check the vendor surplus account details are correct, we are now displaying the "last four digits" of the Vendors Surplus account in the enhanced settlement summary when the auto calculation feature is active. The account details will display if the Mortgagee on Title is handling surplus and the category of "Customer Account" is being used for the Vendors Funds line item that is auto calculating.

 

(Referencing PEXA)

Displaying your PEXA Subscriber ID (ALL)

 

Your Subscriber ID is required when completing some PEXA forms as well as when setting up duty for some jurisdictions. Your PEXA Subscriber ID can now viewed in either: Administrator Tools > Manage Subscriber Details page if you are a Subscriber Manager, or the Profile Settings page for all other user types.

 

(Referencing LS3- 6165)

Settlemnet Email Notification Enhancement (ALL)

 

When preparing an email Notification for your Workspace, you must first select a template before entering your email text. This helps ensure your entry is not lost when trying to save the notification.

 

Notifications.png

Add Notification.png

(Referencing LS3- 6169)

Deleting User Roles (ALL)

 

We are now making it easier to delete user roles. Any role can be deleted, even if it is listed as a default role. One workspace role will always be required to be in the workspace, so ensure to add a new role before deleting a role that is no longer required.

 

(Referencing LS3-6172)

Dealing Numbers on Document screen (ALL)

 

To assist with creating withdrawal documents in PEXA, the dealing number for the instrument you are withdrawing is displayed beside the Withdrawal document you have prepared on the Documents screen. This will assist you to easily identify and track which documents you have created without the need to ‘Edit’ the document.

 

(Referencing LS3-6178)

Invitation enhancement – Client name visibility (ALL)

 

When you are invited to a Workspace, the party who has invited you will add your client name to the invitation.

 

Invite Participants.png

 

From the Invitations screen the client name will now be available for you to see, making it easier for you to identify which transaction the invitation relates to. Click the arrow beside the ‘Sender’ name to expand the invitation request and locate the client name.

 

 

 

Outstanding Invitations Received.png

(Referencing LS3-6180)

Add new Workspace Withdrawal Reason (ALL)

 

When withdrawing from a Workspace, a reason for withdrawing is required to be selected. We’ve added a reason type of ‘Matter no longer proceeding’ to make the reason clearer for all workspace participants.

 

(Referencing LS3-6184)

Fixed positioning for Left navigation menu (ALL)

 

To make it easier to identify what screen you are looking at in your PEXA Workspace, the left navigation menu will now have a fixed position on the screen when scrolling up or down the page.

 

(Referencing LS3-6186)

Panel Master Auto-representation (ALL)

 

We are improving the way our Panel Members create a Mortgage or Discharge of Mortgage in a new Workspace. When creating a workspace in the role of Incoming Mortgagee or Mortgagee on Title, the new field, Panel Master will now display on the Create New Workspace screen. This will allow you to select the Panel Master you represent in the transaction and automatically represent the party. This means as a Panel Member you will no longer need to represent the Panel Master, you can move straight to the documents screen to create the instrument.

 

(Referencing LS1-7372)

New Residual Documents (VIC)

 

Together with Land Use Victoria, PEXA will be making the following two new Residual Documents available in this Release.

  • ACTION - APPLICATION - CHANGE OF NAME OF INTEREST HOLDER AND IF APPLICABLE ADDRESS
  • ACTION - APPLICATION - CHANGE OF NAME OF PROPRIETOR AND IF APPLICABLE ADDRESS

 

(Referencing LS1-8198)

Residual Documents Batch 3 (NSW)

 

PEXA is working with NSW Land Registry Services to deliver new Residual Documents in this release. See the list of new Residual documents in NSW here. 

For a full list of transactions that can be completed in PEXA see the Registrars Schedule of eDealings

(Referencing LS1-7863)

Member Code of Conduct (ALL)

 

PEXA has introduced a Member Code of Conduct, which is intended to set a standard of behaviour for members when interacting with each other, and also with the PEXA team. The Code is intended to complement, and not replace, the professional obligations of members.

 

(Referencing: Code of Conduct)

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kennedsh
kennedsh
‎26-04-2021 10:06 AM
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Hi Team, 

 

Can you please confirm if there is to be an expected outage for this release? If so, what is the change window?

 

Regards, 

Shane (CBA)

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JackCave
JackCave
‎28-04-2021 12:55 PM
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Hi team,

 

Could you please provide some more information on the email notification change and also on the client name field for invitations? We're unsure what the email notification change is relating to.

 

With the client field for invitations, is this something that will be a required field and also are you able to provide a s/shot?

 

Thanks,

Jack (BW)

 

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NancyMadafferi
Moderator NancyMadafferi Moderator
‎29-04-2021 10:53 AM
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Hi @JackCave 

Thanks so much for reaching out. 

The Email Notification is in relation to emails that you can have automatically sent out at settlement through PEXA.  See here for help on how to send a settlement email. 

 

Notifications.png

 

When an invitation is sent from the Participant screen, there is a field that can be populated to add in the client names for the invitee:

Invite Participants.png

 

The name populated in the invite is then displayed on the invitations screen for the Subscriber you have invited, assisting that Subscriber to easily identify which client the invitation is in relation to. 

 

Outstanding Invitations Received.png

 

Let me know if you have any further questions.

 

Cheers

Nancy

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JackCave
JackCave
‎29-04-2021 04:07 PM
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Thanks Nancy - My only other question off the back of the above is whether or not the "Client Name" field is required as it appears to be mandatory from the above s/shot and would assist if used for all invites. Is the name free-typed or do you pick from existing parties created in the workspace?

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JackCave
JackCave
‎30-04-2021 05:30 PM
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@NancyMadafferi - One more from me sorry - I noticed the showing of the last 4 digits of the surplus account only applies where the mortgagee on title is handling the surplus. 

 

Is there any plan to enable/allow the MoT to view where surplus is being handled by the party representing the PoT?

 

Reason being that we commonly see the closing home loan being nominated as the surplus account but only find out post settlement after receiving a returned payment. 

 

If we had the ability to view the last 4 digits in this scenario, we could call this out to the other party to resolve prior to settlement rather than delay the return of the customers surplus and obtaining alternate instruction.

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Saysa
Saysa
‎03-05-2021 11:38 AM
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Hi @kennedsh , there is no expected outage. Cheers,

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NancyMadafferi
Moderator NancyMadafferi Moderator
‎03-05-2021 12:18 PM
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Hi @JackCave 

 

The client name field in the invitation is a mandatory field.

 

Where the Party name is known by PEXA - for example where your are inviting a Proprietor on Title (POT)- the names of the POT's will automatically appear (you can remove any parties if they are not applicable).

 

Where the Party name is unknow - for example if you are inviting an Incoming Proprietor, the field is a free text field. 

 

In relation to your question about Surplus funds, I will liaise with the Product Owner for this functionality and get back to you.

 

Cheers

Nancy

 

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NancyMadafferi
Moderator NancyMadafferi Moderator
‎03-05-2021 02:39 PM
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Hi @JackCave 

 

I have confirmed that the functionality to allow an MOT to view the last 4 digits of the surplus account where surplus is handled by the POT will be released later this year - watch this space!

 

Cheers

Nancy

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kennedsh
kennedsh
‎04-05-2021 11:14 AM
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Hi Team,

 

PANEL MASTER AUTO-REPRESENTATION (ALL) : Just seeking confirmation that this means we will no longer need to ‘invite’ a panel member into a workspace but rather include them as a ‘panel member’?

 

Regards, 

Shane (CBA)

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NancyMadafferi
Moderator NancyMadafferi Moderator
‎05-05-2021 09:36 AM
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Hi @kennedsh 

 

The Panel Master auto representation is functionality for Panel Members. It means that where the Panel Member is creating a Workspace for the Panel Master to either lodge or discharge a Mortgage, they can auto represent the Panel Master by selecting the Panel Master on the Create New Workspace screen.

Panel Master auto representation.png

 

This means that the Panel Member will no longer need to proceed to the Participant screen once the Workspace has been open to represent the Panel Master.  This reduces the amount of time and clicks it takes the Panel Member to complete a transaction on behalf of the Panel Master.

 

This change does not replace any of the FI procedures or processes. 

Let me know if you have any further questions or concerns

 

Cheers

Nancy

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