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GeorgePolus
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Re: PEXA Release 7.0 - 6 November, 2017

by GeorgePolus Star Employee in PEXA Product Releases
‎17-10-2017 08:24 AM
‎17-10-2017 08:24 AM
Hi Nicola, Yes, that is correct.   If the CT Controller (the Party in possession of the electronic token that is the proxy for physical possession of the paper title) IS a Participant Dealing in an electronic Lodgement Case then a Nomination to the Lodgement Case is not required.   Land Use Victoria (LUV) will take it that the CT Controller is consenting to the transaction.    If the CT Controller is NOT a Participant to a Dealing in an electronic Lodgement Case, then the Participant Dealing must invite the CT Controller into the Workspace to Nominate the title to the Lodgement Case requiring consent of the CT Controller.   For a transaction to be completed via the paper channel, LUV  must see the Nomination of the electronic title by the CT Controller to the paper dealing.  LUV has no other means by which to discern that the party in possession of CT Cnotrol is consenting to the dealing.    Please let me know if you have further questions or require further clarification.  @GeorgePolus   ... View more

PEXA email notifications for invitations

by GeorgePolus Star Employee in Ask the PEXA Community
‎16-10-2017 08:59 AM
‎16-10-2017 08:59 AM
Hi PEXA Community Members,  In response to feedback, PEXA will make updates to invitation email notifications.   The jurisdiction of the transaction to which the PEXA Member has been invited will be clearly shown in the invitation email notification.   This update will be made in PEXA Release 7 (Nov 2017). Email notifications for transactions that do not impact a Party (such as a proprietor or interest holder) on Title, e.g. Transfer of CT Control, will be adjusted to remove reference to affected parties. The workspace search function will be enhanced to make it clear to users that only workspaces of which the users subscriber is a participant will be listed.   Workspaces for which an invitation has been received, but not accepted are not included in the workspace search.  Please let me know if you have any further questions or feedback.  Thank you @GeorgePolus Head of Product Enablement, Land Registry and OSR Engagement ... View more

Re: PEXA Release 7.0 - 6 November, 2017

by GeorgePolus Star Employee in PEXA Product Releases
‎11-10-2017 04:57 PM
‎11-10-2017 04:57 PM
Hi Lindsay, There is a limitation at present in PEXA where a Representative Subscriber (Panel Member) is not permitted to create a Consent to Paper for a CoRD holder - (Panel Master).    To do so, the Representative Subscriber (Panel Member) must create the Consent in the role of Mortgagee on Title.    This will be changed in an upcoming release.  A Panel member will be enabled to create a CoRD Consent to paper in the role of Consenter.   In the interim, you will need to use the role or MoT.    Please contact me @GeorgePolus if you need more info.    ... View more

Re: Queensland Settlement Notice (Form 23)

by GeorgePolus Star Employee in Ask the PEXA Community
‎26-09-2017 04:51 PM
1 like
‎26-09-2017 04:51 PM
1 like
Hi Megan   I have provided a two part response to your question.  I have done so as I am not clear about what  you are asking.  In your question you ask if the LR will send notification of dealings landing on title to interested parties.   Without a Settlement Notice how are you suggesting the LR will know who, if any one, to notify?  This is the part of your question I do not understand.       That said, please let me know if the below is of assistance.   If not, please get back to me and I will work with you to drive to a clear response.    PART 1 As I am sure you are aware, lodgement of a Settlement Notice is optional.  Its' effect is to protect the interests of incoming parties from dealings for which ‘control of right to deal’ is required.  A settlement notice will not protect against other dealings such as a caveat.   It is up to workspace participants to determine if they wish to lodge over an interest on title such as a caveat.     PART 2 As for notifications of dealings that land on title during the interval between title search and settlement;   In the PEXA workspace a Title Activity Check is executed two weeks prior to settlement, then one week prior and then nightly on the last 5 days approaching settlement.   Finally, a Title Activity Check is executed one hour prior to settlement.  The PEXA Title Activity Check will notify all workspace participants if activity has occurred on title.    If activity is noted, the PEXA Title Activity Check results will identify the date and time stamp of the activity on title, as well as the Document Type and Dealing Number.     ... View more

Re: Registration Process

by GeorgePolus Star Employee in Ideas and Suggestions
‎22-09-2017 08:35 AM
‎22-09-2017 08:35 AM
Hi Emma,   We do have in the pipeline a software change that will allow Subscribers having multiple brands / trading names to allow selected (Subscriber Manager selected) users to access multiple brands / trading names using the same User ID.    This change is currently proposed for 2018.  I will keep you posted.       ... View more

Re: Consent to Lease

by GeorgePolus Star Employee in Ask the PEXA Community
‎05-09-2017 08:04 AM
2 Likes
‎05-09-2017 08:04 AM
2 Likes
Hi Anitha,   When acting in the jurisdiction of NSW and preparing either a Transacting Party or Third Party CoRD Consent to a paper dealing where the Document Type being Consented to is a Lease, select 'Lease' from the Add Document pop up that appears when you select Add Document from the External Instruments panel.    When acting in the jurisdiction of VIC and preparing a Nomination to a paper dealing where the Document Type to which the title is to be Nominated (made available) is a Lease, select 'Other' from the Document Type drop down list and then enter 'Lease' into the Document type pop-up.    Please let me know if you have more questions.  ... View more

Re: Family Trust

by GeorgePolus Star Employee in Ask the PEXA Community
‎29-08-2017 04:03 PM
‎29-08-2017 04:03 PM
Hi Simone,   If a given title is eligible for electronic lodgement, a ReFI for the title may be processed in PEXA.   If a loan agreement is signed in the name of a Trust, then the lender will need to satisfy itself that the link between the borrower (the Trust) and the Registered Proprietor (the Trustee / Beneficiaries) is sufficient to enable the lender to enforce the terms of the mortgage should they need to.    At the end of the day, a Proprietor must be a legal entity - one of either an Individual or Organisation.   While in some jurisdictions a Trust Deed must accompany a Trustee of a Trust coming on title, the Registered Proprietor will be the Trustee  - one of either an Individual or Organisation.   Please let me know if more info is required.  ... View more

Re: Transfers with more than 20 Folio Identifiers

by GeorgePolus Star Employee in Ask the PEXA Community
‎29-08-2017 11:21 AM
‎29-08-2017 11:21 AM
Hi Renee,   To help me to respond to your question, would you please tell me a little more about the scenario.   Is it that you have a single vendor, transferring more than 20 separate lots to a single purchaser, and that the transaction is to be completed using a single Transfer of Land Document and that the funds are to be exchanged in a single transaction?   Also, would you please confirm which jurisdiction that the transaction is occur in.    Thank you  George  ... View more

Re: Vary Priority of Mortgages

by GeorgePolus Star Employee in Ask the PEXA Community
‎24-08-2017 08:16 AM
‎24-08-2017 08:16 AM
Hi Nnicola,   My reading of the VIC Registrar's requirements regarding mandate is that a Change in Mortgage Priority does not provide grounds for exemption of electronic lodgement of a ReFI.   I recommend that before you go down the path of a paper ReFi accompanied by a Mortgage re-prioritisation you contact Land VIC and seek advice.  ... View more

Re: Setting up a Transfer on PEXA

by GeorgePolus Star Employee in Ask the PEXA Community
‎21-08-2017 01:54 PM
‎21-08-2017 01:54 PM
Hi Tanya,   In a workspace that includes Financial Settlement, PEXA will automatically create a Disbursement line item for disbursement of PEXA Fees.   Only for stand-alone transactions that do not include Financial Settlement does PEXA recover PEXA and Lodgement Fees via Direct Debit.    When acting for a Purchaser, Source funds for payment of PEXA fees via the Financial Settlement Schedule may come only from one of two places.   Your Trust Account - you can set a Category value of 'Funds for PEXA Fees'  to separate PEXA Fee funds from Purchasers Equity.  The line item Categories  will be reflected in the Settlement Statement.  Any Purchasers Equity of even Loan Proceeds from your clients Financial Institution.  When acting for a Vendor, Source funds for payment of  PEXA  fees via the Financial Settlement Schedule  may only come from one of two places.   Your trust Account An adjustment out of any Vendor Surplus. Note:  The same reasoning as outlined above may be applied to recovery of your firms Professional Fees.   PEXA allows entry of a Category of Professional Fees.     Please let me know if you need additional information or have any other questions. ... View more

Re: Setting up a Transfer on PEXA

by GeorgePolus Star Employee in Ask the PEXA Community
‎21-08-2017 11:05 AM
1 like
‎21-08-2017 11:05 AM
1 like
Hi Svetlana,   Please always feel free to ask questions - that is what PEXA Community is here for.   IMPORTANT:  If your transaction is in the jurisdiction of VIC, right now we have an issue where a change in manner of holding may result in transfer transaction attracting duty when it ought be exempt from duty.  A change will be made in PEXA which will come into effect in early 2018 to rectify this Duty Calculation issue.   Until then, I am afraid that to attract the correct duty, this type of transfer will have to be completed via the paper channel.    That said, how d oes a Representative Subscriber  represent more than one Party in a different role ? In PEXA there are two important comcepts.    PARTICIPANT - A Subscriber acting in a PEXA workspace is a transaction Participant.    PARTY - A Subscriber in a PEXA workspace represents a Party.  A Subscriber represents a Party in a given Role. A Representative Subscriber ( a lawyer or licensed conveyancer) may represent more than one Party in a given workspace.   Each Party may be represented in the same role, e.g Vendor/Proprietor on Title/ Transferor or different Parties may be represented in different roles, e.g one Party as  Vendor/Proprietor on Title/ Transferor and another Party as Purchaser / Incoming Proprietor / Transferee.    So, how does a Representative Subscriber represent more than one Party in a different role?   Please click here to see a video showing you how to add a role to your workspace.    Please let me know if you need more information or have more questions.   ... View more

Re: Vary Prioirty of Mortgages

by GeorgePolus Star Employee in Ask the PEXA Community
‎18-08-2017 04:03 PM
‎18-08-2017 04:03 PM
Hi Nnicola,    Unfortunately, the Torrens Title process does not work the way you are hoping.   Let's look at the example you have provided.   1st Mortgagee on Title:  Bank A - remaining 2nd Mortgagee on Title: Bank B - Westpac to Refinance 3rd Mortgagee on Title: Bank C - remaining   As you suggest, WBC will create a new workspace in the role of IM.  WBC will invite Bank B into the workspace in the role of MoT.   WBC would also invite Bank A into the workspace in the role of CT Controller.    The workspace would include 2 Documents - Discharge of Mortgage Bank B, Mortgage WBC.   Following Registration the order of Mortgage encumbrances on title would be:   1st Mortgagee on Title:  Bank A  2nd Mortgagee on Title: Bank C  3rd Mortgagee on Title: WBC    Regardless of if the dealing were to be completed via the paper or PEXA channel, the outcome would would be the same.   WBC would be at the bottom of the priority list.   There are two ways to achieve the outcome you are after.   In paper, I expect that the lodgement case would include:   Discharge of Mortgage Bank B Mortgage WBC Mortgage priority reassignment - move WBC above Bank B.   As I mentioned in my original response, at present there is no dealing in PEXA to re-assign the priority of Mortgage encumbrances on title.   This can only be done in paper at present.   So, WBC could perform the electronic refi as I described above and then lodge a a Mortgage priority reassignment via paper.    OR   WBC could invite both Bank B and Bank C into the workspace and have both create a Discharge of Mortgage.   Bank C and WBC would then create a Mortgage.   WBC, as responsible subscriber, would set the order of lodgement so that the WBC Mortgage would lodge prior to the Bank C Mortgage.  Follwoing registration the mortgages on title would appear as:   1st Mortgagee on Title:  Bank A  2nd Mortgagee on Title: WBC  3rd Mortgagee on Title: Bank C   There are issues with this  approach however.   1.  Bank C will need to update their loan records with the new Mortgage Dealing number.  I suspect that Bank C will not be happy about having to do this. 2.  Bank C will likely require that WBC pay all the PEXA and lodgement fees.   This can readily be managed in the PEXA FSS, but managing the back office WBC fee payment processing may be less straightforward.    I hope I have not confused you.   Please let me know if you need more information.  ... View more

Re: Vary Prioirty of Mortgages

by GeorgePolus Star Employee in Ask the PEXA Community
‎15-08-2017 01:31 PM
1 like
‎15-08-2017 01:31 PM
1 like
Hi Shashank,   Via the electronic channel, the DealingType to effect a change in priority of registered mortgages is not yet available in any jurisdiction.   The only way to effect the outcome via the electronic channel would be to discharge Mortgage 1 and Mortgage 2 and then in the same transaction create Mortgage 3 and Mortgage 4 in the priority sequence that is desired.    NOTE:  It is on the national road map to 100% digital to support a dealing type to effect a change in the priority of registered mortgages.  The timing will vary by jurisdiction.  However, as each registry, as well as PEXA must build the capability to accept and process this new dealing type , we are not yet able to communicate planned dates.   More information will be made available in the coming months.    Please let me know if you require additional information.      ... View more

Re: Change of Name NSW

by GeorgePolus Star Employee in Ask the PEXA Community
‎14-08-2017 05:15 PM
2 Likes
‎14-08-2017 05:15 PM
2 Likes
Hi Helen,   Currently, only the jurisdiction of VIC allows Change of Name of Mortgagor to be effected using a justification via an electronic transaction.  Using the this method the Incoming Mortgagee effects the Change of Name of the Proprietor and lodges the new Mortgage in the same transaction.  A separate Change of Name transaction is not required.    However, today, in NSW, a paper Change of Name must be lodged to effect the Change of Name of the Proprietor, then the Mortgage using the 'new' name of the Mortgagor may be lodged.    The good news however is that the NSW Registrar has agreed to enable Change of Name of Mortgagor to be effected using a justification via an electronic transaction.  This change will be in effect in NSW from May 2018.    Please let me know if you need more information.      ... View more

Re: NSW Paper Titles Dated Pre 2004...

by GeorgePolus Star Employee in Ask the PEXA Community
‎10-08-2017 01:37 PM
3 Likes
‎10-08-2017 01:37 PM
3 Likes
Hi Marianne,   Titles pre Jan 1 2004 do not have a Certificate Authentication Code (CAC).   However, if the title has been encumbered by a Mortgage since pre- Jan 1, 2004, then LPI will allow the title to be traded electronically by the First Mortgagee without entry of the CAC as Evidence of CoRD.    NOTE:  Only if the First Mortgagee is the Participant dealing, and the title has been encumbered by a mortgage since pre Jan 1, 2004, will LPI allow a non-CAC title to be traded electronically.  Else, as you point out, the title will have to be produced to LPI.  When creating the CoRD Consent in PEXA, you will need to enter the edition number and date of the title, and leave the CAC blank.     Please let me know if you have more questions.  ... View more

Re: Family Trust

by GeorgePolus Star Employee in Ask the PEXA Community
‎08-08-2017 04:13 PM
‎08-08-2017 04:13 PM
Hi Simone   In a nutshell, a Trust is not a legal entity, and so cannot own property.  Only the Trustee of a Trust may own property.   A Trustee can be an Organisation or an Individual.         In QLD, while the same rule holds true, being that only  the Trustee of a Trust may own property, the Registrar will require a copy of the Trust Deed to accompany a Trustee coming on title as Transferee.  Thereafter, as Mortgagor for example, the Proprietor will have to be identified as the legal name of the Trustee entity (either individual or organisation) on title.    In SA, again while the same rule holds true, being that only the Trustee of a Trust may own property, I understand the Registrar has some tolerance (in paper) that the proprietor (Mortgagor) be identified as "'A' as Trustee for the TRUST", however, only the legal entity 'A' will be recorded on title.      ... View more

Re: Family Trust

by GeorgePolus Star Employee in Ask the PEXA Community
‎08-08-2017 02:56 PM
‎08-08-2017 02:56 PM
Hi Simone,   Land Registry rules for proprietors differ by state.  Would you please advise the state in which the title in question resides.   I will then be able to provide you a response.     Please tag me directly @GeorgePolus   Thank you ... View more

Re: PEXA Fee and Pricing update | Effective 1 Augu...

by GeorgePolus Star Employee in Ask the PEXA Community
‎27-07-2017 10:57 AM
‎27-07-2017 10:57 AM
Hi Peta,   Lodgement Fees are returned to PEXA from the Land Registry at Lodgement Verification.    The Settlement Date is passed by PEXA to the jurisdictional Land Registry at Lodgement Verification which is used by the Land Registry as the 'Intendend lodgement date'.  The Land Registry uses the intended lodgement date to determine and return the lodgement fee to PEXA that WILL BE IN EFFECT on the date of settlement.    You are correct to be concerned if the Lodgement Fees returned to PEXA by the Land Registry appear incorrect.      The best thing to do will be to invoke lodgement verification.  You can do so by making an update to one of your documents.   When lodgement verification returns, the fee in effect on the date of settlement will be returned.   (Be sure to return to the document and correct the data you updated - lodgement verification will be invoked once again).    If you believe the lodgement fees are incorrect following the above, please let me know the jurisidction you are working in and I will investigate and get back to you.   PEXA Fees work in a similar manner to lodgement fees.  However, unlike lodgement fees, if PEXA documents are signed with the 'old' PEXA Fees, we will never fail the transaction at lodgement.   Please let me know if you have more questions.     ... View more

Re: Incoming Mortgage to view Transfer

by GeorgePolus Star Employee in Ideas and Suggestions
‎24-07-2017 05:12 PM
‎24-07-2017 05:12 PM
Hi Barry,   Unfortunately, although this item was originally scheduled for 6.1, when presented with other lenders, there was debate about what the visibility rules actually need to be.  The result was, that consensus was not achieved in time to make Rls 6.1.     I have spoken with the Financial Services team and asked them to let me know when to expect agreement on a solution and the expected release date.   I will keep you posted.    Rgds George  ... View more

Re: PEXA is currently almost unworkable and must b...

by GeorgePolus Star Employee in Ask the PEXA Community
‎24-07-2017 02:41 PM
4 Likes
‎24-07-2017 02:41 PM
4 Likes
Hi @Sandcorp   We are always keen to hear feedback, both positive and not so.     I will respond to your specific issues below.   We will take your feedback on board and see how we can improve the user experience.   Item 1: "we cannot finalise our tasks in the system until this (banks have completed their tasks) is done so I have to stop working on other files to keep watch on PEXA." Item 2:  “The financial settlement page is completely hopeless. When representing a vendor we why do we need to see  stamp duty, transfer fees, the purchaser's representatives fees, the purchaser's PEXA fee.  We can't update the destination until the bank have entered the payout figure even when the bank are collecting all funds.”  PEXA RESPONSE Waiting on the bank to provide the loan payout.   As part of the PEXA Community, banks have agreed to work to protocols for completion of tasks.  For payout figures, banks are working to complete entry of loan payout figures by 10:00 AM on the morning of settlement.  You can find industry protocols here:   A new feature in PEXA allows a Vendors representative to complete and sign the Financial Settlement Schedule (FSS) prior to entry of the Loan Payout. The feature allows the Vendor Surplus to vary, within a tolerance specified by the vendors representative, as a result of entry and signing of the loan payout without un-signing the Vendor Surplus line item.   Click here for more information:  All Participants having to sign Lodgement Instructions In recognition of the constraints placed by the orchestration of signing Lodgement Instructions upon PEXA users, the Australian Registrars Working Group recently agreed that only the Responsible Subscriber need sign Lodgement Instructions.  As part of PEXA Release 7.0 (Nov 2017), and in conjunction with each jurisdictional Land Registry as they are required to make the reciprocating software change at their end, a change will be implemented so that only the Responsible Subscriber need sign Lodgement Instructions. PEXA Settlement Adjustments Calculator PEXA has developed for Practitioners an Adjustments Calculator.   The feature is under trial.  @DougPun will provide more info for you.   ITEM 3:  “Why does the vendor's representative sign the Notice of Acquisition? How can I truly sign that this is correct when cannot verify half the information such as the purchaser's date of birth, future address?” PEXA RESPONSE The business rules surrounding Document data requirements, data validation, digital signing and certification are specified by the jurisdictional Revenue Office / Land Registry that owns the Document.   The business rules for the NOA are defined by the VIC SRO.  PEXA must abide by these rules.   We are constantly working with our jurisdictional colleagues and community members to learn how we can meet statutory requirements while providing the best possible user experience.  Thank you for your feedback.  If you have more questions, please let me know.      George, PEXA  ... View more

Re: VIC: Allow a CT Controller to Transfer CT Cont...

by GeorgePolus Star Employee in Ask the PEXA Community
‎19-07-2017 01:13 PM
2 Likes
‎19-07-2017 01:13 PM
2 Likes
Hi Caroline,   Land Use Victoria (LUV) will always send a Registration Confirmation Statement to the PEXA Subscriber receiving CT Control upon registration of a dealing.   As a Panel Lawyer, if your organisation lodges a Mortgage while representing your Panel Master (stand-alone or as part of a ReFI or Transfer) then as the lodging party your organisation will receive CT Control and will receive a  Registration Confirmation Statement.   When you Transfer CT Control to your Panel Master, your Panel Master will receive Registration Confirmation Statement upon registration of the Transfer of CT Control.    But watch this space.  From November 2017, a new feature will be enabled which will allow a Panel Member as Lodging Party to direct CT Control the Panel Master they represent in a given dealing.     So, from November, as a Panel Lawyer, if your organisation lodges a Mortgage while representing your Panel Master (stand-alone or as part of a ReFI or Transfer) then as the lodging party your organisation will be able to direct CT Control to your Panel Master (as part of the Lodgement Instructions for the Case containing the Mortgage).  Your organisations Panel Master will then receive a Registration Confirmation Statement for receipt of CT Control.   Let me know if you need more info.  ... View more

Re: Create a Nomination - VIC

by GeorgePolus Star Employee in Help Centre
‎27-06-2017 08:38 AM
‎27-06-2017 08:38 AM
Hi Barry,   Transfer of CT Control will be deployed as promised in PEXA Release 6.1 on July 24, 2017.     In the first iteration (Rls 6.1) a Party in possession of CT Control will be enabled to create a Transfer of CT Control passing CT Control to another PEXA Subscriber.   This is known as the 'Push' model for Transfer of CT Control.   NOTE:  As part of Rsl 6.1 we have also built automation functionality which will allow many hundreds of title references to be uploaded and automated creation of Transfer of CT Control.      Approximately 6 weeks thereafter (Sept 2017)  PEXA will release the 'Pull' model for Transfer of CT Control.  In this model a Panel Member may request CT Control be passed to it by its' Panel Master.   Once again the automation feature will allow upload of many hundreds of title references and auto creation of transfer of CT Control.   In November 2017, as part of Rls 7.0, Land VIC will make a number of updates also.    Allow a Panel Member to direct CT Control to a represented Panel Master via Issuing Instructions in the Lodgement Instructions.   (For example, when a Panel Member is acting in the role of Incoming Mortgagee for a Panel Master, the Panel Member may direct CT Control to the Panel Master as part of the Mortgage lodgement case, as opposed to completing a separate lodgement to Transfer CT Control). Remove the requirement for a Participant in possession of  CT Control to Nominate a Title to an electronic Lodgement Case.    ... View more

Re: What is the general timeframe to expect payout...

by GeorgePolus Star Employee in Ask the PEXA Community
‎14-06-2017 01:37 PM
1 like
‎14-06-2017 01:37 PM
1 like
Hi Chris,   Yes, ReFI Guidelines are also published.      They are here:     Please ask m any time - but if you want to find items yourself, just use the search function.   Have a try and see how you go.  ... View more

Re: What is the general timeframe to expect payout...

by GeorgePolus Star Employee in Ask the PEXA Community
‎14-06-2017 12:54 PM
3 Likes
‎14-06-2017 12:54 PM
3 Likes
Hi Chris,   There is no such thing as a silly question - we are here to help you.  Please ask as many questions as you feel you need to.    The PEXA community  has worked to establish guidelines by which all network participants are encouraged to operate within.      The guidelines are published on the Community here.    See Guideline 13  ' Where possible the Mortgagee on Title   to advise Proprietor on Title of indicative payout figure by sending them a conversation.'  'At least 2 business days before settlement.'   Please let me know if you need more information.    Regards George  ... View more

Re: Incoming Mortgage to view Transfer

by GeorgePolus Star Employee in Ideas and Suggestions
‎19-04-2017 08:36 AM
2 Likes
‎19-04-2017 08:36 AM
2 Likes
Hi Lindsey   Update to document visibility rules to allow the incoming mortgagee to view the rendered form of the transfer of land will be deployed as part of PEXA Release 6.1 scheduled for July 24, 2017.     Let me know if you have further questions.  Regards George  ... View more

Re: Incoming Mortgage to view Transfer

by GeorgePolus Star Employee in Ideas and Suggestions
‎30-03-2017 08:13 AM
‎30-03-2017 08:13 AM
Hi Lindsay,   This item has not yet been scheduled.  It is most definitely on the backlog.  I will have an answer for you shortly, when our planning cycle for the coming months is completed.   Rgds George  ... View more

Re: What happens in an onsale situation with paper...

by GeorgePolus Star Employee in Ask the PEXA Community
‎24-03-2017 11:25 AM
1 like
‎24-03-2017 11:25 AM
1 like
Hi Helen   A CoRD Consent in a PEXA Workspace provides the CoRD Holders Consent to all dealings in the Lodgement Case.  So, although CoRD technically flows from the original CoRD Holder through each transaction participant, there is only one CoRD Consent required.     In the example you have presented the PEXA Lodgement Case would contain the following:    CoRD Consent Discharge of Mortgage Transfer from Developer to Purchaser 1 Transfer from Purchaser 1 to Purchaser 2 Mortgage - Mortgagor Purchaser 2.  The Incoming Mortgagee will be the new CoRD Holder. Think of the scenario as though you were attending a paper settlement. In the example above, the paper title would be passed directly from the Mortgagee on Title to the Incoming Mortgagee.    Please contact me again if you still have questions.          ... View more

Re: Victorian Crown Allotments

by GeorgePolus Star Employee in Ask the PEXA Community
‎10-03-2017 11:25 AM
‎10-03-2017 11:25 AM
Hi Ron   As promised I have spoken with Land VIC.  Apologies that my response is later than expected.    Firstly, I confirm my original response.  In short, it is currently a national scope restriction that electronic transfer of land must be restricted to 'whole of land' dealings.  As a result, parcels within a title may not be transferred via the electronic channel.    That said, as the industry is driving toward 100% digital, jurisdictional land registries and revenue offices are working to lift restrictions such as 'whole of land'.      With regard to your question about issue of titles following transfer.     Land VIC have advised that where multiple parcels on a given title are being transferred to different purchasers, that a new tile for each parcel will be issued per current practice.    Please let me know if you have further questions.  ... View more

Re: Welcome to Ask us Anything Monday!!!

by GeorgePolus Star Employee in Ask the PEXA Community
‎06-03-2017 10:23 AM
‎06-03-2017 10:23 AM
Hi Holly   Jurisdictional registrars define the documents, data elements and rules of all PEXA documents.     The SA Registrar is currently examining expansion of SA Caveat claim statement options.     Once new claim statements are made available we will implement in PEXA.       ... View more

Land Registries are working with PEXA toward 100% ...

by GeorgePolus Star Employee in Ask the PEXA Community
‎06-03-2017 09:18 AM
1 like
‎06-03-2017 09:18 AM
1 like
Jurisdictional land registries are working with PEXA to create a road map to 100% digitial.   The initiative is in two parts: Expanding land titles eligible for electronic lodgement. Land titles having an Estate Type other than Fee Simple or an 'on-title' party acting in capacity are already eligible for electronic lodgement in NSW and will soon be eligible for electronic lodgement in VIC.   Additional Document Types PEXA is already capable of electronic lodgement of more than 85% (based on 2014-15 lodgement data) of all dealings by Document Type.   Jurisdictional land registries are working with PEXA to define additional document types for electronic lodgement.   These include document types such as Survivorship / Notice of Death and Transmission. We will keep you all posted of continued developments through the coming months.  ... View more
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