About MichelleFinn

Hello @MCOLAW, In relation to your query, you can clarify directly with NSW LRS - econveyancingnsw@nswlrs.com.au. I can however advise that previously they have instructed on the Priority Notice, you do not need to reference the incoming mortgage, as the mortgage will follow the transfer in registration. Often when lodging the Priority Notice the detail of the incoming mortgagee may not be known. ... View more

Hi @Ritz   You are able to continue to have an agent complete the duty assessment, but then remit payment via the PEXA workspace.   Still ensure that the payment will be made within the required Revenue NSW time frame.   When forwarding your documents for assessment, add a screen shot of the 'stamp duty' screen. This will provide the required reference for the Revenue NSW EDR system.   Further details can be found https://community.pexa.com.au/t5/Help-Centre/Stamp-Duty/ba-p/61   ... View more

In the relevant workspace you will go to the stamp duty screen and click on 'enter duty information'. The previous reference number will be showing so you can simply replace it with the new assessment reference. Save and the system will complete its verification. Assessment for duty are carried out in the EDR system, and the reference number entered into the workspace to confirm the assessment. If the assessment was processed as a PEXA settlement the stamp duty screen will indicate the duty is unpaid, and a destination line item will automatically be created for payment of the duty on settlement. Therefore, no 'cancellation' of the first reference number is required. Hope this resolves the issue. ... View more

E-Transaction Production Receipt Note - LPI require the form to be prepared and printed (not handwritten)   Details of the certificate of title held in the top section.   Produced by - your firm details to be included here including phone number.   Purpose for which document is produced - here you need to state the documents of the workspace. In the first line - Dealing type - insert 'Transfer' - Parties Receiving - Insert transferee details (full name of each transferee - transferor details not required)   Complete the second line item if there is a mortgage (Dealing type mortgage. Parties receiving - name of incoming mortgagee.   ... View more

This podcast is packed with information that all practitioners should avail themselves of. I enjoyed this podcast. It was very informative and thought provoking.  "Digital disruption" and the impact on the profession and the regulatory framework bringing the profession into an exciting new era. ... View more