Hi Emily, a couple of questions please re Survivorship:
1. Do we need to transfer Control or create a Nomination doc to lodge this application (as this is only for VIC)?
2. My understanding is that these Survivorship applications can only be initiated by Solicitors, as the only role type in PEXA that can use this is ‘representing the Proprietor on Title (POT)’, and Banks/FIs cannot represent POT or IP. Thus the FIs/banks’ involvement will be purely to give consent (via CT transfer or Nomination - subject to the answer to question #1)? Please confirm if this is correct.
3. Is this for both ADI and non-ADI?
Thanks much and kind regards,
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