For everyone's reference, our recent transfer involving a Trustee in Bankruptcy was effected as follows: Lodgement of a paper Transmission Application by Trustee in Bankruptcy to have the Trustee registered on title in their capacity as Trustee in Bankruptcy.(pursuant to section 48(a)(i) of the Duties Act 2000 (Vic) there was no duty payable on the transfer and we were not required to complete any DOL transaction); and then Usual process for a Transfer of Land in PEXA to transfer the property from the Trustee in Bankruptcy to a third party. We did not set up the Pexa Workspace until the Trustee in Bankruptcy had been registered on title. Duty was assessed in the usual manner. If the property was being transferred back to the Discharged Bankrupt (rather than a third party) for no consideration I would be seeking that the transfer be assessed non-dutiable pursuant to section 48(c) of the Duties Act 2000 (Vic). I these circumstances the transfer would be considered to be a "complex" duties transactions and lodgement would have to be effected as a paper transaction once stamp duty had been assessed. Hope this helps!
... View more
Hi All, I understood that it was anticipated that lodgement of an Application for Service of Notice (TLA-89A) would be available for electronic lodgement in VIC via PEXA from Release 9 (Nov 2018). Can this now be done via PEXA or does this still have to be done by paper? Thanks, Emily
... View more