Star Employee
Star Employee
BelindaLeFevre

Transacting NSW Family Law Matters

Dear members,

 

There has been some uncertainty around processing NSW Family Law transactions using PEXA.  While work was underway to clarify the impacts of such transactions on our ecosystem partners, Revenue NSW and NSW LRS, PEXA asked members to cease transacting these transactions in PEXA, and to utilise the current waivers in place for processing in paper.  Iā€™m pleased to advise work in this area has completed with the following transaction types now back in scope for processing in PEXA:

 

 

Transaction

Description

Example

Outcome

1

(A+B)->A

Where A+B are joint tenants and one is coming off title. 

Divorce

Can be transacted in PEXA. Please see the following Community page for more details.

2

A->(A+B)

Where A is bringing B on title as a joint tenant.

Marriage

Can be transacted in PEXA.  Select A as the party staying on title.

*NB the above applies to both non-monetary and dutiable scenarios

 

This clarification will be communicated throughout the ecosystem for alignment across members.  Please contact us via this thread to discuss in further detail.

 

Happy transacting Smiley Happy

Belinda