Hi George So, the matter has been resolved. If you hold a NICO title and transferring to a third party, then you can do Duties Online like a normal transfer under Contract as the SRO doesn't care whether it's NICO or not, as long as it's a third party taking the whole of the land, like a normal contract. This makes sense because why would a third party need to take all documents to SRO for determination? Why would they care if it's a NICO Title, they're taking the whole property. With respect to PEXA, they don't have the appropriate platform as yet to transfer a NICO title to a third party. If they have a NICO Title, it is automatically refused in PEXA, even to a third party. However, they are working on that anomaly so that if it's a third party transfer taking the whole of the land under a Contract of Sale, eventually it can be transacted in PEXA. I'm pleased with the result. Ros.
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