About IsaacK

Hi @Glenda2905    I've sent you a private message in regards to this.   Regards,   Isaac ... View more

Hi @Clarkee    Thank you for following up on this, I have updated this post for the month of February.   Regards,   Isaac ... View more

Hi @KerryRodwell    For more information on VOI Standard, please refer to Schedule 8 of the ARNECC Model Participation Rules   If you haven't been able to find the information you're after, they is also a contact page to seek further clarification.   Regards,   Isaac ... View more

Hi @GabKennedy ,   It seems like your query is more legal advice seeking, in which case you would need to refer back to the party that represented you in the settlement.   In PEXA your Solicitor or Conveyancer does create financial line items and this is available to both sides of the transaction.   Regards,   Isaac ... View more

Hi @kcn    Should you look at completing a transfer whereby you represent both the transferee and transferor you can add in the secondary role after creating the workspace initially. So the example would be creating the workspace in the role of Incoming Proprietor and then adding in an additional role of Proprietor on Title. Please see the below link for details; https://community.pexa.com.au/t5/Help-Centre/Acting-for-both-parties-Help-Centre/ba-p/5115   Like with any transfer you will need to complete a duty assessment in DOL for it then to verify against the PEXA workspace. This type of scenario will automatically create the case in DOL once the transfer has been verified and you will be able to log in and action that assessment. Should you have any further queries after creating the workspace, feel free to contact the Support line on 1300 084 515.   Regards   Isaac ... View more

Hi @pallathr    I believe this document is available as a Residual Document for Vic. Please see the below link;   https://community.pexa.com.au/t5/Help-Centre/Residual-Documents-Help-Centre/ba-p/14746?advanced=false&collapse_discussion=true&search_type=thread   On this same page, you can expand out the Available Residual Documents for Vic to confirm if the Variation of Priority of Mortgage document is there. Once confirmed further down the page is a step through guide on completing the Residual Document.   Please also see the copy of Land Use Victoria information sheet on Residual Documents: https://https://www.land.vic.gov.au/land-registration/fees-guides-and-forms.land.vic.gov.au/land-registration/first-time-here/land-registration-glossary   Regards,   Isaac ... View more

Hi @btan    We have posted in our Community a scope tool to assist with queries like this. You can find it on the following link;   https://community.pexa.com.au/t5/Help-Centre/Completing-A-Transfer-Representing-The-Vendor-In-NSW-Help-Centre/ba-p/141   You mention Party C but the final share only speaks to Parties A & B. If I understand your query correctly the share structure will change to Party A & C holding the final share as Joint Tenants. The inclusion of Banks refinancing will not impact the ability to do a transfer   Should you have any more queries on your workspace once its created, you can also contact the Support line on 1300 084 515.   Regards,   Isaac ... View more

Hi @Arethusa    It would be best to liaise back with your Conveyancer/Solicitor that represented you in the matter. There is a process within PEXA (known as a Corrective Payment) where by, based on their instructions, funds can be directed to the correct account after they have bounced back.   Regards   Isaac ... View more

Hi @Nilofar    Yes - in Victoria you can place a mortgage over an interest via PEXA.   For the particulars on this please see the below link; https://community.pexa.com.au/t5/Help-Centre/Mortgage-of-an-Interest-or-Mortgage-as-to-Part-of-Land-VIC-amp/ba-p/7308   And if you would like to know what is/is not available via PEXA, the below link provides an overview; https://community.pexa.com.au/t5/Help-Centre/What-can-I-do-in-PEXA-Help-Centre/ba-p/203   Regards,   Isaac ... View more

Hi @lblack    If you have a financial settlement set and the workspace is not in a status of ready for either lodgement or financial, then the matter will rollover every 30 minutes until the cut off time for the day.   There was a recent post you will find useful the link of which is below; https://community.pexa.com.au/t5/Announcements-Outages-Service/Daylight-Savings-2020-ends-What-this-means-for-NSW-and-WA/ba-p/19370   Regards,   Isaac ... View more

Hi @lupcos    Other than the 'Completed' section seen from your dashboard (on the left hand side) there is a Reporting tool available in PEXA and  can run the reports for all Workspaces and Workgroups for your firm. Reports can be created and viewed as often as required.   If you do not have access, please ask your Subscriber Manager/Administrator to grant it to your profile, but the details of this reporting tool can be found on the below link; https://community.pexa.com.au/t5/Help-Centre/PEXA-Reports-Help-Centre/ba-p/162   Regards,   Isaac ... View more

Hi @Jodietai    The above times for NSW and WA of 5.30pm AEST and 3.30pm AWST respectively are available for booking anytime before the cut off of each state.   However the last automatic rollover settlement slots for those two states are 5pm AEST and 3pm AWST.   If we take an example where a workspace in WA is set for 2.30pm AWST, if this is not ready by that settlement time it will roll over to 3pm AWST. If by 3pm AWST it is still not ready, then settlement will drop off and you will not be able to rebook for this same day. Anytime before 2pm AWST if you rebook the settlement time - you will have the option to choose the final settlement time of 3.30pm AWST.   For those that have settlements in AEST - simply swap out the times accordingly but the same applies.   Regards,   Isaac ... View more

Hi all,   This post had attachments that were outdated. I have removed both and suggest the following; For up to date Policy information, as Hannah discussed, please visit the Policy Page For up to date Standard Operating Environment (SOE) details, please visit the SOE Page  Regards,   Isaac ... View more

Hi @LisaJTownsend,   I am aware of a page the Land Registry Services provide that outline their guidance notes on completing a Caveat document electronically. Please find the below the link to this page; https://rg-guidelines.nswlrs.com.au/e-dealings/pexa_guidance_notes/complete_a_caveat   Otherwise hopefully someone that can provide lodgement advice on this space may be able to help answer your query.   Regards,   Isaac ... View more

Hi @Brysinda50    PEXA does not offer a product of Title Insurance. Other than PEXA Exchange, the platform to electronically lodge, we also offer PEXA Plus Marketplace where some other offerings are available that compliment your property transaction.   Details can be found on the following link: https://community.pexa.com.au/t5/Help-Centre/Marketplace-search-providers-PEXA-Plus-Marketplace/ba-p/16721   Regards,   Isaac ... View more

Hi @clare_de_kok    When creating a Participant in a workspace, the entity details (which include the ABN), are entered there rather than on the Caveat document itself.   For further information on this please see the below link; https://community.pexa.com.au/t5/Help-Centre/Participants-and-Invitations-Help-Centre/ba-p/51   Regards,   Isaac ... View more

Hi @claireliu    I assume you are asking whether or not funds from one workspace can have a destination line item set for another workspace that is settling on a different day with the PEXA Source Account. I also assume this is because  you do not have a statutory trust account, or have a statutory trust account with a Financial Institution that is not currently integrated with PEXA, and thus use the PEXA Source Account to contribute funds to a Financial Settlement .   This is indeed possible as the PEXA Source Account generates a unique electronic account (BSB and Account number). However please keep in mind that this movement of funds is still subject to normal bank processing times, and thus you should ensure enough time is left between matters/workspaces to ensure funds are received into the desired workspace in time for settlement.   Please see the below 2 links for FAQ's on the PEXA Source Account along with Critical Information which talks towards times https://community.pexa.com.au/t5/Transacting-in-PEXA/Source-Account-FAQs/ba-p/187  https://community.pexa.com.au/t5/Ask-the-PEXA-Community/PEXA-Source-Account-Critical-Information/m-p/7585#M1529   Regards,   Isaac ... View more

Hi @katemunro    Please find the below link to the Land Registry Services page detailing what land titles are eligible for eLodgment. https://rg-guidelines.nswlrs.com.au/e-dealings/elodgment/elodgment_requirements/land_titles_eligible_eLodgment   At the time of this post only the following are available; Estate in Fee Simple Mineral Leasehold Perpetual Leasehold To keep yourself updated please bookmark the above page and PEXA will also communicate through release notes for any upcoming releases that may include an update to estate types, the below link will take you to past, current and future release details. https://community.pexa.com.au/t5/PEXA-Product-Releases/bg-p/ProductReleases   Regards,   Isaac ... View more

Hi @PaulFoye    Thank you for your time over the phone earlier today. As discussed,  Australian lawyers and conveyancers can join PEXA by registering online however it is not open to the general public to register. If it is a case that you need representation, it is recommended that you seek a practitioner with one of the criteria being that they are registered with PEXA.   Regards,   Isaac ... View more

Hi @JodieS    When creating a financial link you are directing funds from the preceding workspace (via destinations) to the sources of the trailing workspace. In this regard the source of funds is the preceding workspace and not your trust account. ... View more

Hi @JodieS,   Good question to ask, PEXA Exchange does provide the ability to link workspaces through lodgement.   However the ability to simultaneously link the lodgements must be in the role of either Incoming Mortgagee or Mortgagee on Title (thereby dependent on there being the same party involved in said roles). Also, workspaces in a chain can only be linked by either ‘financial’ or ‘lodgement’, currently you can not do both.   If you do have multiple workspaces that require linking, but there is no Incoming Mortgagee or Mortgagee on Title, you may want to consider to financial link them using a nominal amount.   For detailed information on Linked Lodgement, please see the following link; https://community.pexa.com.au/t5/Help-Centre/How-to-do-a-Simultaneous-Linked-Lodgement/ba-p/72 ... View more