05-11-2020 12:32 PM
How do I nominate an eCT on PEXA so that I can then lodge a SPEAR application?
When I open a Workspace and try to create a Nomination it says: "A document must first be created before you can authorise the title to this workspace. This can be done on the Documents screen."
I'm not sure what type document to create?
06-11-2020 11:58 AM - edited 06-11-2020 12:00 PM
No I started the workspace as Proprietor on Title because it was a paper Title. I've now converted it to an eCT through LUV.
I have now created a Workspace as CT Controller but I've got the same 2 options: authorise the Title to used in this PEXA workspace or Paper instrument.
This might be a stupid question but I would really like someone to walk me through the steps!
06-11-2020 01:26 PM
Hi, nothing's a stupid question when you are starting out. The PEXA support team are wonderful, so give them a call and they will walk through it with you.
Good luck in your PEXA journey, you will learn it very quickly.
06-11-2020 03:26 PM
Thank you for reaching out, I know this one can be a little bit tricky.
When lodging a S104 Residual Document (or SPEAR transaction) through PEXA, you need to convert the paper title to electronic first by emailing the Land Titles Office (LTO) and asking them to convert it. You can only convert a paper title to electronic via PEXA if you are lodging a standard document, e.g. a Transfer.
Once the LTO have converted the title to electronic, you will need to open a new workspace (separate to the S104 workspace) as CT Controller with the title particulars and no financial settlement. Once created, go straight to the Documents screen, create Nomination to paper instrument, name the document you are nominating it to (what you are lodging via the S104) and the parties named in that document. Save and sign.
The most important thing to remember is to convert the title to electronic first and nominate the title before you lodge the S104.
If you ever have any questions about completing a S104, or anything else, please feel free to reach out to the PEXA Support Team or your PEXA Parter/PDS directly. We're always more than happy to help!