PEXA is pleased to present a maintenance release of the PEXA System, Release 9.0.1, scheduled for business go live
3 December 2018 10 December 2018.
In Victoria, it is common for a Nomination and/or Withdrawal of Nomination to be lodged on settlement day or the day prior to settlement. As a result, the title activity check (TAC) on the day of settlement is returned as positive and all incoming parties (incoming proprietor, incoming caveator and incoming mortgagee) need to 'confirm settlement execution' before settlement can proceed. In many cases, the result is a delay to settlement.
In R9.0.1, we have updated the TAC to ignore known activity for nominations and withdrawal of nominations lodged from within the current workspace. TAC will return as positive for activity that is:
E.g.1. TAC on the day of settlement returns activity related to a caveat that has been lodged on title.
Result: PEXA will notify the participants in the Workspace and incoming subscribers will be required to ‘confirm settlement execution’.
E.g.2. TAC on the day of settlement returns activity related to a nomination which was lodged from the current Workspace.
Result: PEXA will not notify the participants in the Workspace and incoming subscribers will not be required to ‘confirm settlement execution’.
(Referencing PEXA SETT-6030)
PEXA will be implementing an updated stylesheet for the Victorian Notice of Acquisition that will address some of the current deficiencies.
The following items will be corrected as part of this change:
(Referencing PEXA LS2-5802)
PEXA now supports lodgement of Leases in New South Wales. A Lease in PEXA enables the representatives of the Landlord (Lessor) and the Tenant (Lessee) to prepare, sign and lodge a NSW Lease over Whole or Part of the Land in a Title.
A Lease may be lodged in the following scenarios:
A Lease document has a mandatory attachment type of Conditions and Provisions, which requires a subscriber to upload and attach one of the following file types to their Lease:
Note: Sub-Lease, Surrenders of Lease and Variations of Lease are not yet available in PEXA. This is to be confirmed with the Land Registry).
For more information, refer to the Community help article.
(Referencing PEXA LS2-3523)
PEXA is implementing an update that allows Survivorships and Transmissions to be lodged together with a Transfer in the same PEXA Lodgement Case.
This simplifies the process and the need to create these documents in separate Workspaces.
The following combinations are supported (including other variations of these combinations):
(Referencing PEXA LS4-1397, LS4-1398)
PEXA is excited to introduce a new, simplified landing page experience for members.
The current landing experience directs you to the Dashboard, which displays a complex table of all active workspaces. While comprehensive, this can make it difficult for members to focus on high-priority Workspaces. The new landing page is designed to cut down the noise and help you see recent Workspaces at a glance.
After you log into PEXA, you will see your six most recently-viewed Workspaces arranged as clickable cards. Other enhancements include:
You will still be able to view Active workspaces and all of the other dashboards from the left navigation menu, where they are displayed in their original table format. Although the Dashboard will no longer act as the default landing page, it is still accessible via the left navigation menu.
(Referencing PEXA FS-4199)
PEXA has made further improvements to the Workspace.
Ordering of Tasks
Tasks in the Oustanding Tasks panel on the Workspace Summary screen and in the Tasks screen are now sorted in the order in which they must be completed.
Linked Lodgement panel
A new panel for Linked Lodgements has been added to the new Workspace Summary. The Linked Lodgement panel displays a maximum of 10 Workspaces that are already linked.
Status indicators for each linked Workspace are:
The Workspace status is Ready, and
The settlement date and time matches in all linked Workspaces.
The Workspace status is In Preparation or Prepared, and
The settlement date and time matches all linked Workspaces.
|The settlement date and time do not match for all linked Workspaces.|
“Private” Settlement Notifications
You’ll be able to tag a Settlement Notification as 'Private', which will prevent it from being displayed to all other Workspace participants.
(Referencing PEXA AXL-991, AXL-1069)