on 12-04-2021 12:39 PM - last edited 2 weeks ago
On Monday 14 June 2021, the Queen’s Birthday public holiday will be observed in New South Wales, Victoria and South Australia.
As such, the Reserve Bank of Australia (RBA) will be closed and financial settlement will not be available for all states, including Queensland.
Members looking to book a settlement for this date will be unable to do so.
Why is financial settlement unavailable?
In a digital settlement, funds are exchanged through the RBA and subsequently disbursed to the relevant parties. As the RBA is closed, this process cannot take place.
Lodgement (the registration of documents with Land Registries) is unaffected and will still be available in all states.
We recognise this is an inconvenience for some members – if you require any assistance with planning for this date, please reach out to one of our PEXA QLD team – we’re here to help.