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  Available: Monday 08th November 2021 Jurisdictions: ALL Applicable roles: Incoming Mortgagee     Overview Note: This feature will be available as part of PEXA Exchange Release 15.0.0, scheduled for release on Monday 08th November, 2021.   Financial Institutions in the role of the Incoming Mortgagee can now set up either their Purchasers Equity or Loan Proceeds source line items to automatically adjust to balance the Financial Settlement Schedule. This means Loan Proceeds or Purchasers Equity can be entered much earlier in the transaction as the Incoming Mortgagee can enter a maximum amount, sign the FSS and sit back while PEXA adjusts the amount to balance the schedule.      Steps Enable auto balancing of source funds Navigate to Administrator Tools > Maintain Auto Calculations.  In the Auto-balancing of source funds section, make the following selections: For Enable auto-balancing of source funds, select Yes. For Categories applicable for auto-balancing of source funds, select your preferred option. Save the changes. Create auto balanced source line items In the role of Incoming Mortgagee, go to your Workspace and navigate to the Settlement screen. Create the source line item; choose one method: On the Settlement Summary > Transfer Indicators panel, select Create Auto-balancing source, or Select Sources > Add Source. The Add Source Financial Line Item screen displays. Enter details for the source financial line item: For Category, select Loan Proceeds or Purchaser’s Equity. Note: You will notice that when you create a Loan Proceeds or Purchasers Equity line item, there is a new check box that indicates that this line item will auto-balance, and an indicator of the Funds required to balance. Enter a Maximum amount. Set a maximum amount that is higher than the Funds required to balance amount shown on this screen. The Workspace will auto balance unless this maximum amount is reached. Ensure the auto-balance check box is selected. Save the changes. Auto balanced source line items are highlighted in green on the Sources tab. You’ll also notice that the amount is automatically adjusted to balance the FSS. This auto-balancing line item will remain green and auto balancing even as other Workspace participants enter their line items, as long as the funds required to settle does not exceed the maximum amount set.     Increase the auto balance maximum amount If the maximum amount has been reached, the line item is highlighted in red to indicate it can no longer auto balance because additional source funds are required.         This can happen if the Incoming Proprietor completes their line items and either clicked on the Ready for Shortfall button or signed the FSS and additional source funds are required from the Incoming Mortgagee. When this happens, you’ll be prompted to update the maximum amount. If you have previously signed the FSS it will be unsigned.     To update the line item, click Proceed. Increase the maximum amount. Once additional source funds are added, then the line item will turn green again.      Related articles Financial Settlement Help Centre Articles          ... View more

You've been redirected here because the Consent  article you were looking for no longer applies.   On 11 October 2021, two new changes to the land title system in NSW are introduced:   The cancellation of Certificates of Title (CTs) and the control of the right to deal (CoRD) framework; and The requirement for all property dealings to be lodged electronically. This means that: You can no longer create Consent forms in PEXA. The Land Registry will no longer process NSW Consent forms, even if they are included in a lodgement. NSW LRS no longer prints Paper Certificates of Title.   For more information, see here. ... View more

PEXA is pleased to present PEXA Major Release 15.0.0, scheduled for business go live 08 November 2021.     Key Highlights Auto-balancing of sources for the Incoming Mortgagee (ALL) New notifications for updates to a loan proceeds line item (ALL) Task Due Dates - Further Enhancements (ALL)   Other Highlights New prompt to confirm ATO GST Withholding - Form two (ALL) New Document status (QLD) (Updated 14 October 2021) Updates to Road Type on address forms  (QLD, SA, VIC, WA) SA Residuals (SA) (Updated 19 October 2021) Transfer Form 24A - Date of Possession (QLD) (Added 19 October 2021)   Auto-balancing of sources for the Incoming Mortgagee (ALL) Financial Institutions in the role of the Incoming Mortgagee can now set up either their Purchasers Equity or Loan Proceeds source line items to automatically adjust to balance the Financial Settlement Schedule (FSS). This means Loan Proceeds or Purchasers Equity can be entered much earlier in the transaction as the Incoming Mortgagee can enter a maximum amount, sign the FSS and sit back while PEXA adjusts the amount to balance the schedule. No more last-minute manual adjustments and re-signing!   (Referencing PEXA AXL-2850) New notifications for updates to a loan proceeds line item (ALL) To help Incoming Proprietors stay informed (yes, we’ve heard your feedback!), we’ll notify you whenever the Incoming Mortgagee creates or updates a loan proceed line item. You'll receive an email and see an on-screen notification in your Workspace when a loan proceeds line item has changed.   (Referencing PEXA AXL-3251) Task Due Dates - FURTHER ENHANCEMENTS (ALL) To continually assist all members in getting the Workspace ready in a timely manner, we’ve extended the task due dates to other tasks and screens. Task due dates give clear indications on when a task needs to be completed. Workspace Summary screen We’ve extended the task due dates on the Outstanding Tasks panel for the following tasks: Balance due to Vendor Confirm Balance due to Vendor   Task screen We’ve introduced task due dates on the Task screen: Create Document Stamp Duty Verification Balance due to Vendor Confirm Balance due to Vendor     (Referencing PEXA FS-8826, FS-9757) New prompt to confirm ATO GST Withholding - Form two (ALL) The ATO GST Withholding forms introduced in Release 14.0.1 lets members lodge Forms one and two via PEXA. To assist members with lodging Form two at settlement, we’ve added a new reminder on the Workspace Summary screen. The reminder prompts members to confirm and finalise the form details so that Forms one and two can be lodged together at settlement. Otherwise, members will need to lodge Form two manually on the ATO website.     Learn more about ATO GST Withholding forms.   (Referencing PEXA SETT-11808) New Document status (qld) Where a document has been requisitioned in QLD, the status of Requisitioned can now be seen on the Document screen, making it easier to determine the status of your document at the land registry.   (Referencing PEXA LS1-9007) Updates to Road Type on address forms (QLD, SA, VIC, WA) Entering a Road Type is now optional in QLD SA, VIC & WA for Party addresses and Land titles in a Workspace. This means that addresses such as ‘The Avenue’ and The Boulevard’ are now accepted in these jurisdictions.   (Referencing PEXA LS1-9075, LS1-9076, LS1-9077, LS1-9090) SA Residuals (SA) More documents have been added to the residual suite:   Instrument Name Document Category AGREEMENT - DEVELOPMENT ACT 1993 - APPLICATION TO REGISTER / NOTE AGREEMENT PURSUANT TO SECTIONS 57(1a) AND 57(5) OF THE DEVELOPMENT ACT 1993 Record an Interest AGREEMENT - PLANNING, DEVELOPMENT AND INFRASTRUCTURE ACT 2016 - APPLICATION TO REGISTER / NOTE AGREEMENT PURSUANT TO SECTIONS 192(1) AND 192(12) OF THE PLANNING, DEVELOPMENT AND INFRASTRUCTURE ACT 2016 - Applicant(s) is the Minister or Local Council Record an Interest AGREEMENT - PLANNING, DEVELOPMENT AND INFRASTRUCTURE ACT 2016 - APPLICATION TO REGISTER / NOTE AGREEMENT PURSUANT TO SECTIONS 192(1) AND 192(12) OF THE PLANNING, DEVELOPMENT AND INFRASTRUCTURE ACT 2016 - Applicant(s) is the Registered Proprietor(s) on title Record an Interest AGREEMENT - PLANNING, DEVELOPMENT AND INFRASTRUCTURE ACT 2016 - APPLICATION TO REGISTER / NOTE AGREEMENT PURSUANT TO SECTIONS 192(2) AND 192(12) OF THE PLANNING, DEVELOPMENT AND INFRASTRUCTURE ACT 2016 - Applicant(s) is the Greenway Authority Record an Interest AGREEMENT - PLANNING, DEVELOPMENT AND INFRASTRUCTURE ACT 2016 - APPLICATION TO REGISTER / NOTE AGREEMENT PURSUANT TO SECTIONS 192(2) AND 192(12) OF THE PLANNING, DEVELOPMENT AND INFRASTRUCTURE ACT 2016 - Applicant(s) is the Registered Proprietor(s) on title Record an Interest AGREEMENT - PLANNING, DEVELOPMENT AND INFRASTRUCTURE ACT 2016 - APPLICATION TO REGISTER / NOTE AGREEMENT PURSUANT TO SECTIONS 193(1) AND 193(13) OF THE PLANNING, DEVELOPMENT AND INFRASTRUCTURE ACT 2016 - Applicant(s) is the Minister or Local Council Record an Interest AGREEMENT - PLANNING, DEVELOPMENT AND INFRASTRUCTURE ACT 2016 - APPLICATION TO REGISTER / NOTE AGREEMENT PURSUANT TO SECTIONS 193(1) AND 193(13) OF THE PLANNING, DEVELOPMENT AND INFRASTRUCTURE ACT 2016 - Applicant(s) is the Registered Proprietor(s) on title Record an Interest APPLICATION TO REGISTER DEATH BY SURVIVOR - APPLICATION TO REGISTER DEATH BY SURVIVOR - (of a deceased Joint Encumbrancee) Vary an Interest APPLICATION TO REGISTER DEATH BY SURVIVOR - APPLICATION TO REGISTER DEATH BY SURVIVOR - (of a deceased Joint Lessee) Vary an Interest APPLICATION TO REGISTER DEATH BY SURVIVOR - APPLICATION TO REGISTER DEATH BY SURVIVOR - (of a deceased Joint Mortgagee) Vary an Interest APPLICATION TO REGISTER DEATH BY SURVIVOR - APPLICATION TO REGISTER DEATH BY SURVIVOR - (of a deceased Joint Underlessee) Vary an Interest APPLICATION TO REGISTER DEATH OF LESSEE DETERMINING LEASE - APPLICATION TO REGISTER DEATH OF LESSEE FOR LIFE AND DETERMINATION OF LEASE - Signed by the Registered Proprietor(s) Discharge an Interest APPLICATION TO REGISTER DEATH OF UNDERLESSEE DETERMINING UNDERLEASE - APPLICATION TO REGISTER DEATH OF UNDERLESSEE FOR LIFE AND DETERMINATION OF UNDERLEASE - Signed by the Proprietor(s) of a Lease Discharge an Interest APPLICATION TO REGISTER DEATH OF UNDERLESSEE DETERMINING UNDERLEASE - APPLICATION TO REGISTER DEATH OF UNDERLESSEE FOR LIFE AND DETERMINATION OF UNDERLEASE - Signed by the Proprietor(s) of a Underlease Discharge an Interest DISCHARGE OF ENCUMBRANCE - APPLICATION TO DISCHARGE ENCUMBRANCE (BY VIRTUE OF THE DEATH OF THE ANNUITANT) - Registered against a Title(s) Discharge an Interest DISCHARGE OF ENCUMBRANCE - APPLICATION TO DISCHARGE ENCUMBRANCE (BY VIRTUE OF THE DEATH OF THE ANNUITANT) - Registered against an Interest Discharge an Interest EXTENSION OF ENCUMBRANCE - EXTENSION OF ENCUMBRANCE - Extending an Encumbrance that is registered on title Vary an Interest EXTENSION OF LEASE - EXTENSION OF LEASE Vary an Interest EXTENSION OF MORTGAGE - EXTENSION OF MORTGAGE - Extending a Mortgage that is registered on title Vary an Interest EXTENSION OF UNDERLEASE - EXTENSION OF UNDERLEASE Vary an Interest GENERAL APPLICATION - HOUSING IMPROVEMENT ACT 2016 - APPLICATION TO REGISTER / NOTE HOUSING ASSESSMENT ORDER PURSUANT TO SECTIONS 13 AND 16 OF THE HOUSING IMPROVEMENT ACT 2016 - by virtue of Section 16(2) Record an Interest GENERAL APPLICATION - HOUSING IMPROVEMENT ACT 2016 - APPLICATION TO REGISTER / NOTE HOUSING ASSESSMENT ORDER PURSUANT TO SECTIONS 13 AND 16 OF THE HOUSING IMPROVEMENT ACT 2016 - by virtue of Section 16(2) and Section 16(5) Record an Interest GENERAL APPLICATION - HOUSING IMPROVEMENT ACT 2016 - APPLICATION TO REGISTER / NOTE HOUSING ASSESSMENT ORDER PURSUANT TO SECTIONS 13 AND 16 OF THE HOUSING IMPROVEMENT ACT 2016 - by virtue of Section 16(5) Record an Interest GENERAL APPLICATION - HOUSING IMPROVEMENT ACT 2016 - APPLICATION TO REGISTER / NOTE HOUSING DEMOLITION ORDER PURSUANT TO SECTIONS 15 AND 16 OF THE HOUSING IMPROVEMENT ACT 2016 - by virtue of Section 16(2) Record an Interest GENERAL APPLICATION - HOUSING IMPROVEMENT ACT 2016 - APPLICATION TO REGISTER / NOTE HOUSING DEMOLITION ORDER PURSUANT TO SECTIONS 15 AND 16 OF THE HOUSING IMPROVEMENT ACT 2016 - by virtue of Section 16(2) and Section 16(5) Record an Interest GENERAL APPLICATION - HOUSING IMPROVEMENT ACT 2016 - APPLICATION TO REGISTER / NOTE HOUSING DEMOLITION ORDER PURSUANT TO SECTIONS 15 AND 16 OF THE HOUSING IMPROVEMENT ACT 2016 - by virtue of Section 16(5) Record an Interest GENERAL APPLICATION - HOUSING IMPROVEMENT ACT 2016 - APPLICATION TO REGISTER / NOTE HOUSING IMPROVEMENT ORDER PURSUANT TO SECTIONS 14 AND 16 OF THE HOUSING IMPROVEMENT ACT 2016 - by virtue of Section 16(2) Record an Interest GENERAL APPLICATION - HOUSING IMPROVEMENT ACT 2016 - APPLICATION TO REGISTER / NOTE HOUSING IMPROVEMENT ORDER PURSUANT TO SECTIONS 14 AND 16 OF THE HOUSING IMPROVEMENT ACT 2016 - by virtue of Section 16(2) and Section 16(5) Record an Interest GENERAL APPLICATION - HOUSING IMPROVEMENT ACT 2016 - APPLICATION TO REGISTER / NOTE HOUSING IMPROVEMENT ORDER PURSUANT TO SECTIONS 14 AND 16 OF THE HOUSING IMPROVEMENT ACT 2016 - by virtue of Section 16(5) Record an Interest MISCELLANEOUS DISCHARGE/REMOVAL/CANCELLATION - FOREST PROPERTY ACT 2000 - APPLICATION TO NOTE DISCHARGE OF FOREST PROPERTY AGREEMENT BY ORDER OF COURT PURSUANT TO SECTION 11 OF THE FOREST PROPERTY ACT 2000 Discharge an Interest MISCELLANEOUS DISCHARGE/REMOVAL/CANCELLATION - FOREST PROPERTY ACT 2000 - APPLICATION TO REVOKE FOREST PROPERTY AGREEMENT PURSUANT TO SECTION 11 OF THE FOREST PROPERTY ACT 2000 - in accordance with the Agreement - Applicant(s) is the Interest Holder Discharge an Interest MISCELLANEOUS DISCHARGE/REMOVAL/CANCELLATION - FOREST PROPERTY ACT 2000 - APPLICATION TO REVOKE FOREST PROPERTY AGREEMENT PURSUANT TO SECTION 11 OF THE FOREST PROPERTY ACT 2000 - in accordance with the Agreement - Applicant(s) is the Registered Proprietor Discharge an Interest MISCELLANEOUS DISCHARGE/REMOVAL/CANCELLATION - FOREST PROPERTY ACT 2000 - APPLICATION TO TERMINATE FOREST PROPERTY AGREEMENT BY ORDER OF COURT PURSUANT TO SECTION 11 OF THE FOREST PROPERTY ACT 2000 Discharge an Interest ORDER OF COURT - EXTENSION OF WARRANT - APPLICATION TO REGISTER / NOTE EXTENSION OF WARRANT BY ORDER OF COURT - Extending a Warrant registered against a Title(s), Applicant(s) is a Prescribed Person on behalf of the Judgment Creditor Record an Interest ORDER OF COURT - EXTENSION OF WARRANT - APPLICATION TO REGISTER / NOTE EXTENSION OF WARRANT BY ORDER OF COURT - Extending a Warrant registered against a Title(s), Applicant(s) is the Judgment Creditor Record an Interest ORDER OF COURT - MISCELLANEOUS (VARYING) - APPLICATION TO REGISTER / NOTE ORDER OF COURT VARYING A REGISTERED COURT ORDER - Court Order being varied is registered against a title(s) Record an Interest ORDER OF COURT - MISCELLANEOUS (VARYING) - APPLICATION TO REGISTER / NOTE ORDER OF COURT VARYING A REGISTERED COURT ORDER - Court Order being varied is registered against an interest Record an Interest ORDER OF COURT (CHANGING PROPRIETORSHIP) - APPLICATION TO BE REGISTERED AS PROPRIETOR PURSUANT TO ORDER OF COURT - Vesting the interest of Registered Proprietor(s) on title in the Party(s) named in the Court Order - Applicant(s) is the Party(s) named in the Court Order Change Ownership PARTIAL DISCHARGE OF ENCUMBRANCE - PARTIAL DISCHARGE OF ENCUMBRANCE - (Full Discharge as regards the interest of one of the Encumbrancees) Vary an Interest PARTIAL DISCHARGE OF ENCUMBRANCE - PARTIAL DISCHARGE OF ENCUMBRANCE - (Releasing Undivided Share and Personal Liability of One of Several Encumbrancers) Vary an Interest PARTIAL DISCHARGE OF ENCUMBRANCE - PARTIAL DISCHARGE OF ENCUMBRANCE - (Releasing Undivided Share of One of Several Encumbrancers) Vary an Interest PARTIAL DISCHARGE OF MORTGAGE - PARTIAL DISCHARGE OF MORTGAGE - (Full Discharge as regards the interest of one of the Mortgagees) Vary an Interest PARTIAL DISCHARGE OF MORTGAGE - PARTIAL DISCHARGE OF MORTGAGE - (Releasing Undivided Share and Personal Liability of One of Several Mortgagors) Vary an Interest PARTIAL DISCHARGE OF MORTGAGE - PARTIAL DISCHARGE OF MORTGAGE - (Releasing Undivided Share of One of Several Mortgagors) Vary an Interest PARTIAL WITHDRAWAL OF CAVEAT - PARTIAL WITHDRAWAL OF CAVEAT - (As Regards one of Several Proprietors of an interest) - Registered against an Interest Vary an Interest PARTIAL WITHDRAWAL OF CAVEAT - PARTIAL WITHDRAWAL OF CAVEAT - (As Regards one of Several Proprietors on title) - Registered against a Title(s), as regards some (but not all) of the titles in the caveat Vary an Interest PARTIAL WITHDRAWAL OF CAVEAT - PARTIAL WITHDRAWAL OF CAVEAT - (As Regards one of Several Proprietors on title) - Registered against a Title(s), withdrawn as regards all titles in Caveat Vary an Interest PARTIAL WITHDRAWAL OF LIEN - PARTIAL WITHDRAWAL OF LIEN - (As Regards one of Several Proprietors of an interest) - Registered against an Interest Vary an Interest PARTIAL WITHDRAWAL OF LIEN - PARTIAL WITHDRAWAL OF LIEN - (As Regards one of Several Proprietors on title) - Registered against a Title(s), as regards some (but not all) of the titles in the Lien Vary an Interest PARTIAL WITHDRAWAL OF LIEN - PARTIAL WITHDRAWAL OF LIEN - (As Regards one of Several Proprietors on title) - Registered against a Title(s), withdrawn as regards all titles in the Lien Vary an Interest PARTIAL WITHDRAWAL OF WARRANT - PARTIAL WITHDRAWAL OF WARRANT - (As Regards one of Several Proprietors of an interest) - Registered against an Interest, Applicant(s) is a Prescribed Person on behalf of the Judgment Creditor Vary an Interest PARTIAL WITHDRAWAL OF WARRANT - PARTIAL WITHDRAWAL OF WARRANT - (As Regards one of Several Proprietors of an interest) - Registered against an Interest, Applicant(s) is the judgment Creditor Vary an Interest PARTIAL WITHDRAWAL OF WARRANT - PARTIAL WITHDRAWAL OF WARRANT - (As Regards one of Several Proprietors on title) - Registered against a Title, Applicant(s) is a Prescribed Person on behalf of the Judgment Creditor Vary an Interest PARTIAL WITHDRAWAL OF WARRANT - PARTIAL WITHDRAWAL OF WARRANT - (As Regards one of Several Proprietors on title) - Registered against a Title, Applicant(s) is the Judgment Creditor Vary an Interest RESCIND AN AGREEMENT - PLANNING, DEVELOPMENT AND INFRASTRUCTURE ACT 2016 - APPLICATION TO RESCIND AGREEMENT PURSUANT TO SECTION 192(15) OF THE PLANNING, DEVELOPMENT AND INFRASTRUCTURE ACT 2016 - Applicant(s) is the Minister, Local Council, or Greenway Authority Discharge an Interest RESCIND AN AGREEMENT - PLANNING, DEVELOPMENT AND INFRASTRUCTURE ACT 2016 - APPLICATION TO RESCIND AGREEMENT PURSUANT TO SECTION 192(15) OF THE PLANNING, DEVELOPMENT AND INFRASTRUCTURE ACT 2016 - Applicant(s) is the Registered Proprietor(s) on title Discharge an Interest RESCIND AN AGREEMENT - PLANNING, DEVELOPMENT AND INFRASTRUCTURE ACT 2016 - APPLICATION TO RESCIND AGREEMENT PURSUANT TO SECTION 193(15) OF THE PLANNING, DEVELOPMENT AND INFRASTRUCTURE ACT 2016 - Applicant(s) is the Minister or Local Council Discharge an Interest RESCIND AN AGREEMENT - PLANNING, DEVELOPMENT AND INFRASTRUCTURE ACT 2016 - APPLICATION TO RESCIND AGREEMENT PURSUANT TO SECTION 193(15) OF THE PLANNING, DEVELOPMENT AND INFRASTRUCTURE ACT 2016 - Applicant(s) is the Registered Proprietor(s) on title Discharge an Interest TRANSFER - POWER OF SALE - TRANSFER BY MORTGAGEE EXERCISING POWER OF SALE - the title being transferred is part of the land subject to the Mortgage Change Ownership TRANSFER - POWER OF SALE - TRANSFER BY MORTGAGEE EXERCISING POWER OF SALE - the title being transferred is the whole of the land subject to the Mortgage Change Ownership TRANSMISSION APPLICATION - TRANSMISSION APPLICATION - (of a deceased Encumbrancee) Vary an Interest TRANSMISSION APPLICATION - TRANSMISSION APPLICATION - (of a deceased Lessee) Vary an Interest TRANSMISSION APPLICATION - TRANSMISSION APPLICATION - (of a deceased Mortgagee) Vary an Interest TRANSMISSION APPLICATION - TRANSMISSION APPLICATION - (of a deceased Underlessee) Vary an Interest VESTING - ADMINISTRATIVE ARRANGEMENTS ACT 1994 - APPLICATION TO REGISTER VESTING (PURSUANT TO SECTION 7 OF THE ADMINISTRATIVE ARRANGEMENTS ACT 1994 AND SECTION 115A OF THE REAL PROPERTY ACT 1886) - Vesting of land to the Crown or a body corporate Change Ownership VESTING - ASSOCIATIONS INCORPORATIONS ACT 1985 - APPLICATION TO REGISTER VESTING UPON AMALGAMATION (PURSUANT TO SECTION 22 OF THE ASSOCIATIONS INCORPORATION ACT 1985) - Vesting of land held by earlier Associations prior to their amalgamation Change Ownership VESTING - ASSOCIATIONS INCORPORATIONS ACT 1985 - APPLICATION TO REGISTER VESTING UPON INCORPORATION (PURSUANT TO SECTION 20 OF THE ASSOCIATIONS INCORPORATION ACT 1985) - Vesting of land held on behalf of an Association Change Ownership VESTING - ASSOCIATIONS INCORPORATIONS ACT 1985 - APPLICATION TO REGISTER VESTING UPON TRANSFER OF INCORPORATION (PURSUANT TO SECTION 42 OF THE ASSOCIATIONS INCORPORATION ACT 1985) - Vesting of land to a body corporate Change Ownership VESTING - BANKRUPTCY ACT 1966 - APPLICATION TO NOTE ANNULMENT OF A BANKRUPTCY (PURSUANT TO SECTIONS 153A AND 154(1)(c) OF THE BANKRUPTCY ACT 1966) - revesting the land in the registered proprietor, Applicant(s) is the former Bankrupt Change Ownership VESTING - BANKRUPTCY ACT 1966 - APPLICATION TO NOTE VESTING CONSEQUENTIAL UPON THE APPOINTMENT OF A NEW TRUSTEE (PURSUANT TO SECTIONS 132 AND 157 OF THE BANKRUPTCY ACT 1966) - Vesting of land in a new Trustee in Bankruptcy Change Ownership VESTING - BANKRUPTCY ACT 1966 - APPLICATION TO REGISTER VESTING BY ORDER OF COURT FOLLOWING ANNULMENT OF A BANKRUPTCY (PURSUANT TO SECTIONS 153A AND 154(4) OF THE BANKRUPTCY ACT 1966 AND SECTION 115A OF THE REAL PROPERTY ACT 1886) - vesting the land in the Applicant(s) - named in the court order Change Ownership VESTING - HEALTH CARE ACT 2008 - APPLICATION TO NOTE VESTING (PURSUANT TO CLAUSE 34 SCHEDULE 4 AND SECTION 91 OF THE HEALTH CARE ACT 2008) - Vesting of land by Proclamation by the Governor Change Ownership VESTING - HEALTH CARE ACT 2008 - APPLICATION TO NOTE VESTING (PURSUANT TO SECTIONS 20 AND 91 OF THE HEALTH CARE ACT 2008) - Vesting of land by Notice and by the Minister Change Ownership VESTING - HEALTH CARE ACT 2008 - APPLICATION TO NOTE VESTING (PURSUANT TO SECTIONS 29 AND 91 OF THE HEALTH CARE ACT 2008) - Vesting of land by Proclamation by the Governor Change Ownership VESTING - HEALTH CARE ACT 2008 - APPLICATION TO NOTE VESTING (PURSUANT TO SECTIONS 32A AND 91 OF THE HEALTH CARE ACT 2008) - Vesting of land by Proclamation by the Governor Change Ownership       (Referencing PEXA) transfer form 24a - date of possession (qld) The 'Date of Possession' in a QLD Transfer Form 24A document is the date the Transferee is entitled to possess the property. This is usually the Date of Settlement or the date the land is vested in their name. In a QLD Transfer Form 24A document, we've added a new 'Copy Settlement Date' button to allow Members to quickly apply the Settlement Date as the 'Date of Possession' in the Transfer Form 24A Document. If a Settlement Date is already scheduled, the Settlement Date would be immediately applied as the Date of Possession.   (Referencing PEXA EX2-10440) ... View more

  Hi Community, PEXA will be conducting system maintenance on Saturday 2 October from 8:30am to midnight, AEST.  As a result, Lodgement Verification in Western Australia and South Australia will not be available during this time. Kind regards, ... View more

PEXA is pleased to present PEXA Projects 7.7.0 (POT), scheduled for business go live 27 September 2021   PEXA Projects Release 7.7.0   Account Locking Enhancement: Utilising Preverified Accounts To further streamline preparation for financial settlement when managing Workspaces via PEXA Projects, we are enabling Members to select existing preverified and Office accounts when creating locked accounts for a project.   Enabling members to leverage preverified and Office accounts set-up on their PEXA Subscriber profiles delivers time-saving efficiencies to users, while enabling Subscribers to maintain control over accounts being used.   We’re working on additional enhancements to account locking functionality in PEXA Projects – Stay tuned for further updates soon. ... View more

PEXA is pleased to present PEXA Maintenance Release 14.1.0, scheduled for business go live 06 September 2021 11 September 2021.   UPDATE: There is no expected outage during the rollout of this release.   Now available Auto-calculation of vendor surplus – now available (ALL)   Key Highlights Transaction Types (ALL) (Updated 11 August 2021, changes to be enabled on the 27th September 2021) Customise columns on the Active Dashboard (ALL) Introducing Task Due Dates (ALL) Quickly create another Destination Line Item (ALL) (Updated 13 September 2021)   Other Highlights Easily switch between three or more Workspace roles (ALL) (Updated 13 September 2021) Remove a Workspace role with just a click (ALL) (Updated 13 September 2021) Moved the Go to Workspace link (ALL) (Updated 27 August 2021) Supplier details added to PEXA Project (ALL) Auto-populate destination line items for Homes for Homes donations (ALL) Standalone Withdrawal of Priority Notice (ALL) Changes to Paper Dealing (NSW) (Updated 26 August 2021) Address Lookup (SA) API enhancement - Workspace Summary Notification API - Document status updated   Auto-calculation of vendor surplus – now available (ALL) We’re pleased to announce that from August 9th, 2021, the Auto-calculation of Vendor Surplus feature is available when you’re in a Workspace in the roles of Proprietor on Title and Mortgagee on Title. The introduction of auto calculation of vendor surplus in the Settlement Summary screen aims to alleviate re-work for the practitioner and banks when they are responsible for handling the vendor’s surplus funds. As a practitioner or bank, you can set up a vendor funds destination line item to automatically calculate and adjust. Turn this on and remove any re-work as financial line items are added or edited at the last minute. No more final adjustments to vendor surplus amounts and re-signings - it will be done automatically for you. Your Subscriber Manager must activate this feature for you before you can use it. For information on how to activate this feature, see the following help articles:   Auto-calculation of vendor surplus - Proprietor on Title Auto-calculation of vendor surplus - Mortgagee on Title   (Referencing PEXA AXL-1830) Transaction Types (ALL) To assist Subscribers with creating Workspaces in the right Representative Role for their transaction types, we’re introducing the ability to nominate a Transaction Type when you create a new Workspace.   Nominating a Transaction Type when creating a Workspace gives a clear indication of the nature of the Workspace, and allows PEXA to pre-select some of the fields on screen based on the transaction type: The Financial settlement required? option defaults based on whether the Transaction Type would most likely include Financial Settlement. I.e. – Defaults to ‘Yes’ for Sale and Purchase, defaults to ‘No’ for Transmission and Survivorship. Displays only the applicable Representative Roles for your Transaction Type. I.e. – If the transaction type is a Sale, then only the ‘Proprietor on Title’ role is displayed. If it's a Transmission, then only the‘Incoming Proprietor’ role is displayed. Practitioner view Bank & Panel view     (Referencing PEXALS4-8925) Customise columns on the Active Dashboard (ALL) Customise what you’d like displayed on the Active Dashboard by choosing which columns to show or hide. From the Active Dashboard, click on the ellipses (three dots) from the column header, then select the columns you’d like to display. We’ll retain your preferences the next time you log in, as long as it’s from the same device and browser.     (Referencing PEXA FS-9034) Introducing Task Due Dates (ALL) To assist all participants in getting the Workspace ready in a timely manner,  we’re introducing task due dates to the Workspace Summary > Outstanding Tasks panel. Task due dates give clear indications on when a task needs to be completed and are displayed for the following tasks: Create Document Stamp Duty Verification   (Referencing PEXA FS-8826) Quickly create another Destination Line Item (ALL) Creating multiple line items is tedious, that’s why we’re introducing a new save and create action for destination line items. The next time you add a new Destination Financial Line Item, you’ll notice a new Save and create new destination button. When selected, the current line item is saved, and a new form opens, allowing you to add new line items efficiently without switching between screens.   Learn more about Destination Line Items.     (Referencing PEXA FS-9010) Easily switch between three or more Workspace roles (ALL) Previously, the Switch Roles functionality was limited to members with up to 2 Workspace roles. We’ve extended this for members with three or more Workspace roles, allowing them to click the Switch button to cycle between Workspace roles quickly.   Learn more about Workspace roles.     (Referencing PEXA FS-9035) Remove a Workspace role with just a click (ALL) No longer do you need to click through to find the Remove button hidden under a menu. We’ve surfaced this to the top by replacing the cog icon with the Remove button, making it simple for you to remove a role from the Role Settings screen. To set this as the default action, select v (down arrow) > Make Default from the Actions column.   Learn more about Workspace roles.     (Referencing PEXA FS-8210) Moved the Go to Workspace link (ALL) We’ve improved the visibility of the Go to Workspace link for linked financial settlements and linked lodgements. It’s now placed on the same row as the Workspace ID on the Workspace Summary > Linked Financial Settlements or Linked Lodgements panel, allowing you to navigate seamlessly to the respective Workspace.     (Referencing PEXA FS-9039) Supplier details added to PEXA Project (ALL) To streamline the capturing of GST data across PEXA products, Proprietors on Title can now provide Supplier details when creating new projects in PEXA Projects. This provides peace of mind to the Proprietor on Title that the Supplier details is captured accurately.   (Referencing PEXA SETT-11444) Auto-populate destination line items for Homes for Homes donations (ALL) Members in the role of Proprietors on Title can auto-populate their donations to Homes for Homes via the Financial Settlement Schedule. By streamlining the process, members simply select one button to populate the destination line item with all relevant fields.   (Referencing PEXA SETT-11525) Standalone withdrawal of Priority Notice (ALL) Standalone Withdrawal of Priority Notice now allows a Subscriber to Withdraw a Priority Notice in its own Workspace without the need to lodge it in the same Workspace as the original Priority Notice. Priority Notices and Withdrawal of Priority Notices are currently available in QLD, NSW and VIC.    (Referencing PEXA LS3-6385) Changes to Paper Dealing (NSW) We’ve made a few tweaks to a NSW paper dealing in PEXA: NSW Paper Dealing has had a name change to Dealing with Exception. You can search for this dealing via Create Documents > Other Documents > Dealing with Exception. Once you have opened this document, we have made searching for the Document Type easy by including search functionality into this field. To make it easier for you to identify which document type a Dealing with Exception instrument relates to, we now include the Document Type name on the following PEXA screens: Documents Files Signing page, and Lodgement Instructions   Please note if you have a Paper Dealing that has not been lodged prior to Release 14.1.0 (September 11) you will need to remove the document and create it  a Dealing with Exception. (Referencing PEXA LS1-8744 LS1-8711 LS1-8802) Address Lookup (SA) The Address Lookup service for SA is now available for Withdrawal of Caveat documents. With Address Lookup, the Address field automatically populates and refines as you type, allowing you to search for a valid address quickly and efficiently without having to type in the full address.   (Referencing PEXA FS-8743) API enhancement - Workspace Summary We’ll be releasing a new version of the Workspace Summary API (v2). In this version we will include the settlement date/time acceptance status for each participant in the workspace. You will need to implement this version if you want the response to include this additional data element for each participant. Please note, v1 of the workspace summary API will continue to work as is and will not require any further changes should you not want to implement this new enhancement. Details of changes: Add the <SettlementDateTimeAcceptance> field to workspace summary API for each participant so we know whether they have accepted settlement or its pending The two statuses will be 'Pending' & 'Accepted' If no settlement date/time is added to a workspace but the workspace will include a settlement this field will be set to 'Pending' for all participants. This field is not included in the API response when a settlement is not required for the workspace. The additional field added in the response is highlighted below.     (Referencing PEXA APIS-751) Notification API - Document status updated The Notifications API will include the ability to return document status updates within the current response. This event (Document Status updated) will adhere to the existing API contract and will not be version breaking. The document status update will return a notification alert for each document status change made for any enabled document. Clients can enable document(s) for their subscriberId. This will be managed via configuration by the PEXA API Services team. The default status will be no documents are enabled with the release but can be arranged after the release goes live. Once you add one or more documents for your subscriberId you will receive notifications as shown below whenever the document status changes for any documents you have enabled. Eg. on creating a Transfer document the initial status will be “In Preparation”. You will receive a notification for this even if “Transfer” document is enabled for your SubscriberId.     (Referencing PEXA APIS-1569) ... View more

PEXA is pleased to present PEXA Projects 7.6.2 (POT & MOT), scheduled for business go live 16 August 2021   PEXA Projects Release 7.6.2 Help guides (POT & MOT) To assist our Members to get the most out of PEXA Projects, we are enhancing the POT and MOT bulk upload spreadsheet templates with step-by-step guides on uploading data to populate Workspaces and the FSS. The bulk upload spreadsheet templates will now open on these help guides, to ensure the information is readily available to Members. Displaying all mapped columns for FSS upload (POT & MOT) For Members using PEXA Projects as POT & MOT, we are enhancing step 3 of the FSS upload by displaying all the columns from the bulk upload spreadsheet. This will provide more visibility to the POT & MOT if there are any errors encountered during their upload. Updating VIC SRO category name in FSS Upload (POT) The Victorian SRO category name has been updated to Property Clearance Certificate Payment in the PEXA Projects FSS bulk upload spreadsheet, to align the category naming convention to the PEXA Exchange. ... View more

This release of PEXA Maintenance Release  14.0.2, will focus on a system upgrade and therefore no notes will be published.    The PEXA Exchange, PEXA Projects, PEXA Plus, PEXA Planner, PEXA APIs, MyView and Tracker Bespoke Report will be unavailable from Friday 30 July 10:00pm AEST until Saturday 31 July 11:59PM AEST while we complete planned upgrades to our systems.   As always, we're here to support you however we can – please reach out to our friendly Member Support Centre if you require assistance or have any  questions about this outage. ... View more

      Enable auto calculation in Workspaces to automatically calculate and adjust the vendor surplus amount.   The below information is relevant when the Practitioner representing the Proprietor on Title is responsible for handing vendor surplus.   Enabling auto calculation in the settings Turn on auto calculation at Subscriber level. As Subscriber Manager, navigate to Administrator Tools > Maintain Auto Calculation. For Enable auto calculation of vendor surplus, select Yes to turn on auto calculation. By default, auto calculation is set to disabled but the option to enable it will be available on all Workspaces. For Default auto calculation of vendor surplus to enabled when you are handling surplus?, select one option: Yes The default status of auto calculation of vendor surplus on all Workspaces where you are handling surplus is enabled. No The default status of auto calculation of vendor surplus is disabled. For Unsign Settlement Statement when auto calculated vendor surplus amount changes? Yes Set to Yes if you want the Settlement Statement will be unsigned if the auto calculated vendor surplus changes No The default status. If signed the Settlement Statement will remain signed if the auto calculated vendor surplus changes. Save the changes.     Setting up the auto calculation of vendor funds financial line item in the Workspace Once auto calculation of vendor surplus is enabled in the Admin Tools by the Subscriber Manager, the Practitioner in the role of the Proprietor on Title can choose to enable this feature in any Workspace. Note: the Mortgagee on Title must be in the Workspace for this feature to appear.   Generally, it’s a good idea to set up your auto calculated vendor funds financial line item after the you have confirmed the Balance due to Vendor/ Amount due on Settlement  (terminology varies with jurisdiction) with the Incoming Proprietor’s representative and you have added your adjustment line items.   Once this has been completed you should proceed with setting up your auto calculated vendor funds line item.   On the Financial Settlement Summary screen, for Vendor surplus to be directed by, select Assign to me as shown above. This indicates that you will be directing surplus funds to the vendor. For Auto calculate vendor surplus for this workspace, select Enable to enable auto calculation of vendor surplus in this Workspace. Note: This will already be enabled if you selected this as the default in the Admin Settings.  For Vendor surplus account(s) for auto calculation (pending), select Add Account to add account details for where the vendor surplus funds will be deposited. The Add Account buttons opens the Maintain Auto Calculation of Vendor Surplus screen. For Allow any amount – Selecting this option will maintain your signature as the vendor surplus amount automatically calculates. Note: if your Subscriber settings are configured to ‘always unsign’ (see point 4 in enabling auto calc section in the settings) you will unsigned if the vendor surplus changes after signing. Contact your Subscriber Manager if you need to change the Subscriber Settings. For Minimum expected vendor surplus  - select this option if you want the settlement statement to be unsigned if your automatically calculated vendor funds line item falls below the amount you enter here. Note: If the auto calculated vendor funds falls below the minimum you set and you are unsigned you will need to update your minimum or contact the lender before being able to resign. Click Save. Next, click the Add Account button to create a Vendor funds destination line item. Complete the account details. Note: if your client has provided account details via PEXA Key then you will be able to select this account. Click Save. Then click Back to get back to the Financial Settlement Summary. The section of the screen will look like this: Once the vendor funds line item set up is complete, the auto calculation status is set to ‘Pending’ and is highlighted in orange as shown below. Note: if the Mortgagee on Title has already entered a Loan payout then the vendor surplus line item will start calculating straight away  - see step 12.  The Destination line item is also orange.   12. The Vendors Funds will remain at $0.00 until: A Loan Payout figure is entered by the Mortgagee on Title A Balance due to Vendor amount is entered/confirmed by yourself and the Incoming Proprietors representative. Once these figures are in the Workspace then the auto calculation of vendor surplus is active. You will see that the Vendors funds turns green to indicate this. Destination line item   As new destination line items are entered or edited the vendor funds item will fluctuate. You can sign the settlement statement when you are ready. You remain signed depending on your settings. If you have set a minimum expected vendor surplus then you will be unsigned if the vendor funds falls below this amount. In this case you will need to update your minimum or contact the lender to update their line item before being able to resign. The main benefit of auto calculation is that if you have set your Auto Calculation of vendor surplus to ‘Allow any amount’ on the Maintain Auto Calculation of vendor surplus screen then you can sign the settlement statement and don’t have to worry about monitoring it as the vendor funds will automatically adjust if you or others Workspace Participants make last minute adjustments to destination line items. ... View more

PEXA is pleased to present  PEXA Projects 7.6.1 (PoT), scheduled for business go live 07 June   2021   PEXA Projects Release 7.6.1 UPDATE RESTRICTIVE COVENANT AND MCP DETAILS (VIC) You can now update the ‘Restrictive covenant’ and MCP Details for a Project at any time. Changes will then flow through to all workspaces in your Project. UPDATES TO SUPPLIER DETAILS To align with ATO requirements, you will now be required to provide a phone number when entering the Supplier Details. ... View more

Overview Published: 16 September 2021 Jurisdiction: QLD Additional Resources: Help Card     A Part Tenancy Transfer is used where there is a change in tenancy where at least one Proprietor on Title is remaining on title. The transacting Proprietor on Title (transferor): Is in a Tenant in Common, Joint Tenancy or Sole Proprietor ownership, and Is transferring their ownership (part or whole) to: An Incoming Proprietor currently not on title, or A Proprietor on Title who is already on title. Part Tenancy Transfers can be combined with common documents such as the Release of Mortgage, National Mortgage, as well as in combination with multiple transfers and/or other Part Tenancy Transfers.   Note: Transfers where a Proprietor on title will be listed on titles multiple times is currently out of scope Where a Proprietor on Title who will remain on title requires a name justification, a change of name must be completed and registered outside of PEXA prior to lodging the Part Tenancy Transfer.     Steps Follow these steps to create a standalone Part Tenancy Transfer in QLD.   Create a Workspace in the role of Proprietor on Title or Incoming Proprietor with the following settings: Transaction Type: Part Tenancy Transfer Financial settlement required? = Yes Will this transaction involve a Transfer? = Yes Review the Land Title. Select Add Address and enter the address for the land title. Represent the Proprietors on Title who are transferring their share of the title. This is the party who is either receiving additional share of the title of relinquishing all or part of their share of the title. From the Actions column, select Edit Party next to the party you represent. Select I represent this party and complete the remaining details for the party. Click Save. Repeat Step 3 for any other parties that you represent. Add or represent parties receiving a share of the title (transferees): If a Proprietor on Title is a transferee in this transaction, then represent them: From the Actions column, select Edit Party next to the party you represent. Select I represent this party. Complete the remaining details for the party and then click Save. Continue to edit other parties that you represent. If there is an incoming participant, then do one of the following: If you don't represent the Incoming Proprietor: Click Invite Participant and invite the representative into the Workspace. Wait for them to create and represent the Incoming Proprietor. If you represent the Incoming Proprietor, then navigate to Workspace Settings and add the role of Incoming Proprietor: Select Role Settings > Edit. Select Incoming Proprietor and then click Add Role. Click Save. Navigate to the Participants screen and select Create Party to represent the Incoming Proprietor. Create a Transfer document: Navigate to Documents > Create Document > Transfer. Complete the following fields on the Transfer screen: Part Tenancy Details Select Yes to Is a Proprietor on Title staying on the Title? Transferors Select the Proprietor on Title who is transferring their share. If there is only one Proprietor on Title, then the party's name is auto populated. Otherwise, select the proprietor from the list then click Add Transferor. For each Party, enter the share details. You may enter a part or a whole portion of the share in the Share being transferred column. Transferees Check the Tenancy Type. Under Party, select the transferee who are receiving a share. Tip: Existing Proprietors on Title have the words 'Proprietor on Title' appended to their names. If you want to add the party as a joint tenant, select Add Joint Tenant from the action cog, otherwise leave as default. If required, click Add Transferee to add more transferees. Note: Only parties who are represented are selectable in the Party drop-down list. Ensure the share distribution for all parties are correct. Transferee Details Please ensure that a Future Correspondence Address is added for the Transferee. This is required to progress the Transfer to a 'Prepared' status. Consideration Type Select a Consideration type and fill in the relevant fields. Transaction Information Complete the Transaction Information. Save the document. Edit Form 24A and Form 24B. If there is no Incoming Proprietor in the Workspace, then the Proprietor on Title completes both Forms 24A & 24B. Otherwise, the Incoming Proprietor completes Form 24A and the Proprietor on Title completes Form 24B. Enter Transfer Duty information. If there is no Incoming Proprietor in the Workspace, then the Proprietor on Title completes this step. Navigate to the Transfer Duty screen. Enter the duty information. Click Save. Refresh the Transfer Duty screen to view the OSR Transaction Number provided by QLD OSR, to locate and complete the transaction in OSR Online . View the documents: Click View for each document. Notes: Select View if no changes are required. Select Edit to update any of the details in the document. Sign the documents: From the Actions column, select Sign associated with the Transfer document. Notes: Ensure to sign the Transfer, Notice of Sale, and Lodgement Instructions. If you are representing the Proprietor on Title and Incoming Proprietor, you will need to sign the Transfer in both roles. Complete the Financial Settlement: Navigate to the Settlement screen. Add Destination and Source line items, as applicable. Select Sign > Financial Settlement Schedule. For Source Funds: From the Actions column, select Verify Funds. From the Actions column, select Authorise to authorise the Trust Account payment. Note: If you are representing both the Proprietor on Title and Incoming Proprietor, you will need to sign the Financial Settlement Schedule in both roles.   Related Topics Transfer Help Center Articles Part Tenancy Transfer (VIC) Part Tenancy Transfer (SA)     ... View more

PEXA is pleased to present PEXA Maintenance Release 14.0.1, scheduled for business go live 07 June 2021.   UPDATE: There is no expected outage during the rollout of this release.   Key Highlights Auto calculation of vendor surplus for the Proprietor on Title (IN PILOT) ATO GST Withholding (ALL) (Updated 07 June 2021) Address lookup (SA) Final tranche of Residual Documents (NSW) (Updated 07 June 2021) Display Settlement Acceptance Status on Active Dashboard (ALL) (Updated 2 June 2021 - Deferred) Ability to show or hide columns on the Active Dashboard (ALL) (Updated 2 June 2021 - Deferred)   Auto calculation of vendor surplus for the Proprietor on Title (IN PILOT) The introduction of auto calculation of vendor surplus in the Settlement Summary screen aims to alleviate re-work for the practitioner when they are responsible for handing the vendor’s surplus funds. As a practitioner, you can set up a vendor funds destination line item to automatically calculate and adjust. Turn this on and remove any rework as financial line items are added or edited at the last minute. No more final adjustments to vendor surplus amounts and re-signings - it will be done automatically for you. This is currently in pilot with a select group of members.   Learn more   (Referencing PEXA AXL-1830)   ATO GST Withholding (ALL) PEXA will roll out the new ATO GST Withholding feature to all our members on Monday July 5th.  This feature introduces Form one and Form two to the PEXA platform, making it easier for members to complete the forms and remit GST Withholding amounts within the PEXA platform. This is an optional alternative to completing GST Withholding forms on the ATO website.   Learn more   (Referencing PEXA SETT-10621)   Address lookup (SA) We’ve extended the Address Lookup service to SA to include the Party screen and select documents that require an address.   With Address Lookup, the address field automatically populates and refines as you type, allowing you to search for a valid address quickly and efficiently without having to type in the full address.   (Referencing PEXA FS-8743)   Final tranche of Residual Documents (NSW) The list of Document Types available as part of Paper Dealing has also been updated. You may be required to edit the Paper Dealing and select the appropriate Document Type required by NSW LRS to continue lodgement of this instrument Application to Record a New Registered Interest Holder (With Stamp Duty) - s46C Real Property Act 1900, s12 Trustee Act 1925 Application to Record a New Registered Interest Holder (Without Stamp Duty) - s46C Real Property Act 1900, s12 Trustee Act 1925 Application to Record a New Registered Proprietor (With Stamp Duty)- s46C Real Property Act 1900, s12 Trustee Act 1925 Application to Record a New Registered Proprietor (Without Stamp Duty) - s46C Real Property Act 1900, s12 Trustee Act 1925 Transfer and Closure of Crown Road - Real Property Act 1900, s152B Roads Act 1993 Transfer and Road Closure - Real Property Act 1900, s42 Roads Act 1993 Transfer by a Joint Tenant - s97 Real Property Act 1900 Transfer of an Estate-In-Remainder   (Referencing PEXA LS1-8367)   Display Settlement Acceptance Status on Active Dashboard (ALL) UPDATE: This feature has been deferred to a later release. We'll update the notes to let you know when it's available. We’ve added a new Settlement Acceptance Status column on the Active Dashboard so it’s easier for you to see if the settlement date and time has been accepted by all parties in the Workspace.     (Referencing PEXA FS-8806)   Ability to show or hide columns on the Active Dashboard (ALL) UPDATE: This feature has been deferred to a later release. We'll update the notes to let you know when it's available. To give you more control over what you see in PEXA, we’ve introduced the ability to show or hide columns on the Active Dashboard. You can customise this from the Dashboard via the 3-dots on any column header. Simply select the check boxes next to the columns you wish to display or deselect them next to the columns you wish to hide. We’ll retain these preferences for each time you log in to PEXA.     (Referencing PEXA FS-8892)   ... View more

PEXA is pleased to present  PEXA Projects 7.6.0 (PoT), scheduled for business go live  10 May  2021   PEXA Projects Release 7.6.0 Updating the Project Name field’s sub label (ALL) We are updating the sub label for the Project Name field with a Note that Project Name cannot be changed after creating workspaces. We do get the requests for updating the Project Name. So we are adding the note for our members that Project Name cannot be updated after creating workspaces.       Capture Supplier Details (ALL) When creating a new project, you can now enter the Supplier details. The Supplier is the entity required to report GST for the sale. This helps streamline the Supplier across all workspaces within your project.     ... View more

Published: 31 March 2021 Applicable to: Select banks and panel members     Overview Enable auto calculation in Workspaces to automatically calculate and adjust the vendor surplus amount.   The Mortgagee on Title is responsible for enabling auto calculation in Workspaces.   To set up auto calculation: Enable auto calculation in the settings. Assign vendor surplus handling responsibility. Enable auto calculation in the Workspace.   Once set up is complete, the auto calculation status is set to ‘Pending’ and the Vendors Funds will remain at $0.00 until a Loan Payout figure and Balance due to Vendor amount is entered.   Enabling auto calculation in the settings Turn on auto calculation at Subscriber level. As Subscriber Manager, navigate to Administrator Tools > Maintain Auto Calculation. For Enable auto calculation of vendor surplus, select Yes to turn on auto calculation. By default, auto calculation is set to disabled but the option to enable it will be available on all Workspaces. For Default auto calculation of vendor surplus to enabled when you are handling surplus?, select one option: Yes The default status of auto calculation of vendor surplus on all Workspaces where you are handling surplus is enabled. No The default status of auto calculation of vendor surplus is disabled. Save the changes.   Assigning vendor surplus responsibility Next specify who is responsible for handling vendor surplus.   As Subscriber Manager, navigate to Administrator Tools > Manage Subscriber Details. Scroll down to the Surplus Handling section and select one option: Allow me to handle surplus using the “Assign to me” The Mortgagee on Title selects this when they want to the option to assign surplus responsibilities to themselves in any Workspace. To assign themselves surplus responsibility, click Assign to me on the Transfer Indicators panel. Display a message to other subscribers that I do not normally handle surplus, but retain the option to “Assign to me” The Mortgagee on Title selects this when they do not normally handle surplus but want the option to override this in the Workspace. When this option is selected, a message is displayed to advise the other subscriber that the Mortgagee on Title does not normally handle surplus. However, the Mortgagee on Title can still choose to assign surplus responsibility to themselves by clicking Assign to me. I do not wish to handle surplus. Display a message to other subscribers , and remove the option to “Assign to me” The Mortgagee on Title selects this when they do not wish to handle surplus in any Workspace. Save the changes.   Enabling auto calculation in the Workspace Once auto calculation is enabled in the settings, the Mortgagee on Title can choose to enable or disable this feature in any Workspace:   On the Enhanced Settlement Summary screen, go to the Transfer Indicators panel. For Discharge Authority received by, they select Yes when the Mortgagee on Title has received the Discharge Authority, For Vendor surplus to be directed by, select Assign to me. This indicates that the Financial Institution is willing to direct surplus funds. For Auto calculate vendor surplus for this workspace, select Enable to enable auto calculation of vendor surplus in this Workspace. Note: This option is available only if you are directing vendor surplus. For Vendor surplus account(s) for auto calculation (status), select Add Account to add account details for where the vendor surplus funds will be deposited. Note: This option is available only if auto calculation is enabled. NOTES: For Subscribers who only disburse to a nominated suspense account, select the correct account from the ‘Destination account’ drop down list. For Subscribers who disburse funds directly to the Customer’s nominated account from the Discharge Authority, select ‘Customer Account’ from the ‘Destination account’ drop down list. The Amount field is not required to be entered by the Mortgagee on Title.     Related topics Auto calculation of vendor surplus         ... View more

Published: 31 March 2021   Overview If you're a bank or panel firm, you can now set your vendor surplus amount to be automatically calculated and adjusted. Turn this on and remove the rework on settlement day. No more final adjustments to vendor surplus amounts and re-signings. It will be done automatically for you. Members can benefit from the following: Enhanced experience through reduced re-work and re-signing. Improved on-time settlements for Workspaces. Reduced in-platform conversations between the Mortgagee on Title and Proprietor on Title. Automatic calculation of the vendor surplus amount (driven by the Proprietor on Title).       Activating auto calculation After auto calculation is enabled, a Balance due to Vendor and Loan Payout amount must be entered into the Workspace to activate auto calculation. Once the above two items have been entered, the auto calculation status changes from Pending to Active status. An Active state means auto calculation is activated and the Vendor’s Funds amount will be pre-populated on the Destinations tab and automatically adjusted as line items are added or updated. You can identify the status of auto calculation based on the colour of the shading.   Auto calculation statuses Pending Auto calculation is enabled but Balance due to Vendor and Loan Payout amounts have not been entered.   Note: if the balance due to vendor and loan payout have been entered but the vendor funds is calculated as $0.00 the status stays in pending. Dont worry you can still go ahead and sign and the Workspace will settle as normal.    Active Both the Balance Due to Vendor and Loan Payout amounts have been entered. A Vendor Funds line item is created and pre-populated with the auto calculated vendor surplus amount.     What auto calculation means for Mortgagees on Title If you are a bank who is responsible for directing vendor surplus, you’ll be responsible for the following tasks in the Workspace: Enabling auto calculation For the Mortgagee on Title, enabling auto calculation is a two-step process: Enabling auto calculation in the settings. Enabling auto calculation in the Workspace. Ensuring the correct vendor Account Details is entered If you’re responsible for directing surplus, you’ll also be responsible for verifying and populating the vendor’s account details. This is the account the vendor funds will be deposited to.     Entering and finalising the loan payout figure You must enter a loan payout amount (indicative or final) to activate auto calculation. You’ll also have the ability to sign off on their Settlement Schedule once the loan payout figure is finalised.   As vendor-related Destination Line Items are created in the Workspace, the Amount for the Vendor’s Funds Destination Line Item is automatically adjusted based on: The Balance Due to Vendor amount, as entered or agreed to by the Proprietor on Title, AND All destination line items that have been allocated to the Vendor’s Destination Line Items.   Note: if the balance due to vendor and loan payout have been entered but the vendor funds is calculated as $0.00 the status stays in pending. Dont worry you can still go ahead and sign and the Workspace will settle as normal.  What auto calculation means for Proprietors on Title What this means if you represent the Proprietor on Title When the Mortgagee on title has enabled the auto calculation functionality within your Workspace but they have not yet entered their loan payout then the auto calculation is set in 'pending' status. A 'pending' status is indicated by yellow shading on the Financial Settlement Summary and destination line item.   When the  Mortgagee on Title  has entered a loan payout, auto calculation becomes 'active', you see the following areas of the  Financial Settlement Summar y and destination line item are shaded green. See example below Note: if the balance due to vendor and loan payout have been entered but the vendor funds is calculated as $0.00 the status stays in pending. Dont worry you can still go ahead and sign and the Workspace will settle as normal.    Ensuring the vendor surplus amount is correct As Proprietor on Title, you’re responsible for ensuring that the vendor surplus amount is correct. You may create or update vendor line items as necessary; any vendor-related destination line item changes that impact the Vendor’s Funds amount is automatically adjusted based on the total funds available for disbursement for the Vendor.   One benefit of auto calculation is if changes are made to the Vendor's Funds amount after the Settlement Schedule has been signed off, it won’t unsign the Mortgagee on Title’s Settlement Schedule. This essentially removes the need for the bank to return to the Workspace to do additional re-work.         Related topics Setting up auto calculation       ... View more

Updated: 11 May 2021 Jurisdictions: All   Overview   Most purchasers of new residential premises or potential residential land are required to withhold an amount from the contract price for payment to the ATO.  Purchasers who are required to withhold an amount must complete and lodge GST Withholding Form one and Form two with the ATO. Form one: GST property settlement withholding notification Form two: GST property settlement date confirmation   Incoming Proprietors can now create and lodge GST Withholding Form one and Form two within the PEXA platform, rather than complete these externally on the ATO website. This enables existing PEXA Workspace details to be used to complete the GST Withholding Forms.     Steps In this section: Creating Form one & Form two  Editing Form one & Form two  Removing Form one & Form two  Lodging Form one & Form two  Confirming Form one & Form two  Settling    Prerequisites You have prepared a Transfer Workspace in your jurisdiction: Created a Workspace. Represented your clients. Created a Transfer document and: A Notice of Sale instrument (NSW only). A Notice of Acquisition instrument (VIC only).   Creating Form one and Form two Once the Workspace and required documents are created, the Incoming Proprietor can create the GST Withholding Forms: From the left navigation menu, select ATO. Click Create Form one & Form two. Tip: Alternatively, you can click the Create GST Withholding Form one & Form two link displayed in the ATO section on the Workspace Summary screen. Form one - populate ATO GST Withholding Form one: Contact details Property details – up to 10 properties can be added Transaction details Purchaser details – up to 10 purchasers can be added Supplier details – up to 10 suppliers (vendors) can be added Declaration (Form one) Form two – Would you like PEXA to lodge Form two on your behalf at settlement? Select Yes if you would like PEXA to lodge Form two automatically at settlement. Select No if you would like to manually lodge Form two on the ATO Website, outside of PEXA. Save the form. Lodge ATO GST Withholding Form one: You may lodge Form one at any time prior to settlement.  Confirm ATO GST Withholding Form one: One day prior, or on the day of settlement, a notification displays when you open the Workspace to verify whether any details on Form one has changed since lodgement, excluding the settlement date. Confirmation can also be done on the ATO menu, by clicking ‘Confirm’ on Form two. Upon settlement, the ATO GST Withholding Form two will be lodged to the ATO.   Editing Form one and Form two You can edit the details on Form one at any time prior to it being lodged within PEXA. On the ATO screen, select Edit from the Actions column next to GST Withholding Form one. Update the required details then click Save. Upon saving, a re-verification will automatically be carried out between PEXA and the ATO. PEXA will automatically refresh once information is received from the ATO and the Form status will move from Verifying to Prepared . Removing Form one and two You can remove Form one or Form two at any time prior to settlement. On the ATO screen, select Remove from the Actions column next to the GST Withholding Form you wish to remove. Note: If you chose to remove Form one, and Form two also exists, then both Forms will be removed,  as well as the auto-created GST withholding destination line item (if created). Click Yes to confirm the removal.   If Form one has already been lodged, PEXA will automatically notify the ATO. Lodging Forms one and Form two You may lodge Form one at any time prior to settlement. On the ATO screen, select Lodge from the Actions column next to GST Withholding Form one. Form one lodgement is automatically carried out between PEXA and the ATO. PEXA will refresh after information is received from the ATO, and the Form one status will move from Lodging to Lodged .   Upon successful Lodgement of Form one: If a single Proprietor On Title subscriber exists, then a destination line item for the withholding amount is automatically generated and is associated to the Proprietor On Title subscriber. This requires the Proprietor On Title to also sign off on the destination line item. Note: If there is no Proprietor On Title , or more than one  Proprietor On Title subscriber in the Workspace, the line item will  NOT be generated.   Form statuses: Form one status will move to Lodged Form two will move to Pending Confirmation Confirming Form one and Form two One day prior, or on the day of settlement, a notification displays when you open the Workspace to verify whether any details on Form one has changed since lodgement, excluding the settlement date. Select one option: Yes if changes have been made since lodgement. PEXA will automatically remove Form one & Form two and notify the ATO. A warning message displays notifying you that you must completed and lodge Form one again with the new details. No if no changes were made since lodgement. Click Confirm to finalise Form one and Form two. Confirmation can also be done via the ATO menu,  by clicking ‘Confirm’ on Form two.   Settlement Upon settlement, the ATO GST Withholding Forms will be lodged and PEXA will automatically supply the ATO with the following details: Contact details Confirmed settlement date Payment reference number (PRN) Lodgement reference number (LRN)    Form statuses: Successful lodgement If you have supplied an email in the Contact details of Form one, the ATO will send a payment confirmation once Form two is lodged and payment is processed. Unsuccessful lodgement You will receive an email from PEXA advising that Form two was unable to be lodged at the ATO. You will need to manually lodge Form two directly with the ATO.     ... 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  This release of the PEXA Maintenance Release 13.1.2 will be an infrastructure release only. There are no functional changes planned as part of this release, which is scheduled for business go live 12 April 2021.   UPDATE: Auto calculation of vendor surplus (Added 31 March 2021)   Auto calculation of vendor surplus Introduced in R13.1.1, we're progressively rolling out Auto Calculation of Vendor Surplus to selected banks and panel law firms. When this feature is enabled, your vendor surplus amount is automatically calculated and adjusted in the system. Remove the rework on settlement day - no more final adjustments to vendor surplus amounts and re-signings. It will be done automatically for you. What this means for Mortgagees on Title Mortgagees on Title can benefit from the following: Reduction in the number of conversations between the Proprietor on Title and the Mortgagee on Title Improved on-time settlements for Workspaces Automatic calculation of the vendor surplus amount (driven by the Proprietor on Title) If you're a bank or a panel law firm and want to try this functionality, ask your Subscriber Manager to enable the feature in the Administration Tools Maintain Auto Calculation menu .   Once enabled, auto calculation is automatically activated once the Proprietor on Title has either entered or agreed to the Balance Due to Vendor, and the Mortgagee on Title has entered a Loan Payout destination line item (indicative or final) in the Workspace.   When active, the Workspace displays a green shading and final adjustments to the vendor surplus amount is automatically adjusted, even as vendor-related Destination Line Items are created in the Workspace.   For more information about auto calculation click here. What this means for Proprietors on Title When the Mortgagee on title has enabled the auto calculation functionality however they have not yet entered their loan payout amount then the auto calculation is set in pending status. A pending status is indicated by yellow shading on the Financial Settlement Summary and destination line item.   When the  Mortgagee on Title  has entered the loan payout amount auto calculation is 'active', you see the following areas of the  Financial Settlement Summar y and destination line item are shaded green. See example below Fore more information about the the auto calculation function click here   (PEXA reference AXL-1549) ... View more

GST Withholding Forms one and two.   Certain purchasers of new residential premises or potential residential land are required to withhold an amount from the contract price for payment to the ATO on behalf of the supplier of the property. Purchasers who are required to withhold an amount must complete and lodge GST Withholding Form one and Form two with the ATO.    Incoming Proprietors can now create and lodge GST Withholding Form one and Form two within the PEXA platform, as an alternative to using the ATO website. This new feature allows for forms to be populated with up to 70% of details already found in the PEXA workspace, reducing time, effort, and data entry errors.   These forms are accessible to participants in the role of Incoming Proprietor and Proprietor on Title.   Note: The GST Withholding forms can be completed in PEXA only if the contract of sale is dated 1st July 2016 and later.  For sales prior to this date, please complete the ATO GST withholding forms on the ATO website.   Prerequisites You have prepared a Transfer Workspace in your jurisdiction: Created a Workspace. Represented your clients. Created a Transfer document and: A Notice of Sale instrument (NSW only). A Notice of Acquisition instrument (VIC only).   To see how PEXA members can submit the ATO GST Withholding Forms one and two, please watch this recorded video:       Creating Form one and Form two   Once the Workspace and Transfer documents are created, the Incoming Proprietor can create the GST Withholding Forms. Note: There can only be one GST Withholding Form one and Form two created per Workspace.   From the left navigation menu, select ATO. Click Create Form one & Form two. Tip: Alternatively, you can click the Create GST Withholding Form one & Form two link displayed in the ATO section on the Workspace Summary screen. Form one - populate ATO GST Withholding Form one: Contact details Property details – up to 10 properties can be added Transaction details Purchaser details – up to 10 purchasers can be added Supplier details – up to 10 suppliers (vendors) can be added Declaration (Form one) Form two – Would you like PEXA to lodge Form two on your behalf at settlement? Select Yes if you would like PEXA to lodge Form two automatically at settlement (default) Select No if you would like to manually lodge Form two on the ATO Website. Save the form. Once saved, both the Proprietor on Title or Incoming Proprietor can view the GST Withholding forms, but only the Incoming Proprietor can edit the forms. Lodge ATO GST Withholding Form one: You may lodge Form one at any time prior to settlement.  Confirm ATO GST Withholding Form one: One day prior, or on the day of settlement, a notification displays when you open the Workspace to verify whether any details on Form one has changed since lodgement, excluding the settlement date. Confirmation can also be done on the ATO menu, by clicking ‘Confirm’ on Form two. Upon settlement, the ATO GST Withholding Form two will be lodged to the ATO.   Editing Form one and Form two The Incoming Proprietor can edit the details on Form one at any time prior to it being lodged within PEXA. On the ATO screen, select Edit from the Actions column next to GST Withholding Form one. Update the required details then click Save. Upon saving, a re-verification will automatically be carried out between PEXA and the ATO. PEXA will automatically refresh once information is received from the ATO and the Form status will move from Verifying to Prepared.   Removing Form one and Form two You can remove Form one or Form two at any time prior to settlement. On the ATO screen, select Remove from the Actions column next to the GST Withholding Form you wish to remove. Form one: If you chose to remove Form one, and Form two also exists, then both Forms will be removed, as well as the auto-created GST withholding destination line item (if created). Form two: If you choose to remove only Form two, it will not remove Form one. Click Yes to confirm the removal. Once confirmed, PEXA sends an email to the ATO notifying them that the document has been removed. If Form one has already been lodged, PEXA will automatically notify the ATO.   Lodging Form one and Form two You may lodge Form one at any time prior to settlement. On the ATO screen, select Lodge from the Actions column next to GST Withholding Form one. Form one lodgement is automatically carried out between PEXA and the ATO. PEXA will refresh after information is received from the ATO, and the Form one status will move from Lodging to Lodged.   Upon successful Lodgement of Form one: If a single Proprietor On Title subscriber exists, then a destination line item for the withholding amount is automatically generated and is associated to the Proprietor On Title subscriber. This requires the Proprietor On Title to also sign off on the destination line item. Note: If there is no Proprietor On Title, or more than one Proprietor On Title subscriber in the Workspace, the line item will NOT be generated.   Form statuses: Form one status will move to Lodged Form two will move to Pending Confirmation   Confirming Form one and Form two One day prior, or on the day of settlement, a notification displays when you open the Workspace to verify whether any details on Form one has changed since lodgement, excluding the settlement date. Select one option: No if no changes were made since lodgement. Click Confirm to finalise Form one and Form two. Yes if changes have been made since lodgement. PEXA will automatically remove Form one & Form two and notify the ATO. A warning message displays notifying you that you must completed and lodge Form one again with the new details. Confirmation can also be done via the ATO menu, by clicking ‘Confirm’ on Form two.   Settlement Upon settlement, the ATO GST Withholding Forms will be lodged and PEXA will automatically supply the ATO with the following details: Contact details Confirmed settlement date Payment reference number (PRN) Lodgement reference number (LRN)    Form statuses: Successful lodgement If you have supplied an email in the Contact details of Form one, the ATO will send a payment confirmation once Form two is lodged and payment is processed. Unsuccessful lodgement You will receive an email from PEXA advising that Form two was unable to be lodged at the ATO. You will need to manually lodge Form two directly with the ATO.   Important notes:   The role to complete this form is the Incoming Proprietor only. The POT can VIEW these form(s) once completed by the IP. No other role can view this. Contract of sale date must be post 1st July 2016 to successfully complete this form. Else, use the ATO website to complete this form manually. The ATO menu will appear once the below are created for each jurisdiction: VIC / NSW   Transfer and NOA or NOS to be prepared QLD / SA / WA   Transfer only   Form one and Form two tiles within the ATO menu landing page are expandable. If errors are returned back by the ATO, these error messages will be shown in the expanded tile. From one and Form two documents are printer friendly Removal of Form one will automatically trigger an email to the ATO - meaning that PEXA members will no longer need to call the ATO. The email sent to the ATO will have the relevant details to cancel the Form. Removal of Form one will also remove Form two, if created, as well as the destination line item, if created. Removing Form two will not remove Form one. The PEXA member can lodge Form two separately at the ATO, however using PEXA for both forms is encouraged. To remove an automatically created destination line item "GST Withholding - ATO Provided", this must be done via removal of Form one. The remove button is disabled and a tooltip appears advising so. The manually created GST withholding line item has no changes made to it - it can be deleted if accidentally populated / doubled up. Only the IP can create the GST withholding forms either by the workspace summary page or by the ATO menu on the left hand side The form is smart enough to pick up details from withing the PEXA workspace, but there are some areas to manually complete. There can only be one GST withholding Form one and two created per workspace. Once form one is populated by the IP, the IP has the option to also populate form two, which will automatically lodge with the ATO when settlement executes - this is optional, yet highly recommended. Once all details are populated and saved, the forms will need to be verified and lodged at the ATO. Upon successful lodgement of Form one, an auto-created GST withholding line item will be created ONLY IF there is  (1) POT subscriber within the workspace - if there are 2 POT subscribers, or none (0) then the line item will not be created. The auto created GST line item is called "GST Withholding - ATO Provided" The auto created GST line item can only be removed via removing Form one via the ATO menu. Manually created GST Withholding line items can still be manually created and removed - no change. The GST line item can be expanded to show the Payment Reference Number (PRN) details. Both the IP and the associated subscriber (POT) will need to sign off on these funds. These funds will then be automatically to the vendor's adjustments. This is because the funds are taken away from the vendors surplus, and accounted for by the vendors adjustments. In the ATO menu, both the IP and POT are able to view the rendered documents One of the main issues with completing these forms on the ATO website was the lack of transparency in completion of these forms between members, so now the POT can view the documents at any time and not rely on the IP to send the form details via email.     The status of each of these forms are visible on the workspace summary page, as well as the ATO menu. If form two was elected to be created and lodged at settlement, the form will have two different statuses upon successful lodgement of form one. The first status is when the Form one is lodged, then the form two status = Pending Confirmation. If the settlement date is 2 or more business days away, then there is no action for Form two If the settlement date is 1 business day or closer (the day of settlement) then a pop-up modal will appear for the Incoming Proprietor, asking the user to confirm that the details of Form one are true and accurate.  The IP user can also confirm Form two via the Confirm button on the ATO menu page. This must be done PRIOR to settlement execution, otherwise Form two will not lodge and it will need to be done manually via the ATO website. The IP user will need to confirm that the details in form all accurate. This does not include the settlement date and time, this can change -  the form is smart enough to update the executed settlement date. If there are changes other than the settlement date, then the form will need to be removed and recreated with the correct details. The user can close out of this modal and confirm the details later, and this will need to be done via the ATO menu page, where a 'confirm' button will show next to the Form two tile. At settlement, the forms will only be lodged once settlement has been confirmed and successfully executed, and the form two status will update to 'lodged' within half an hour or so.         ... View more

PEXA is pleased to present  PEXA Projects 7.5.0 (PoT), scheduled for business go live  15 March  2021.   Key Highlights Streamlining GST Withholding process into PEXA Projects (ALL) Added new Bulk Upload Financials category – Land Tax (QLD)     Streamlining GST Withholding process into PEXA Projects (ALL) We’ve streamlined the ATO form 1 lodgement process so that Proprietors on Title in PEXA Project can see if ATO form 1 has been lodged in PEXA Exchange.   The new GST Withholding column (Projects > Financials) displays the following statuses for GST Withholding:   Form 1 not lodged via PEXA and no GST line item created. Form 1 not lodged via PEXA but GST line item created. Form 1 lodged via PEXA and GST line item created.     Added new Bulk Upload Financials category – Land Tax (QLD) To align with the new Land Tax category introduced in R13.1.1 PEXA Exchange, we have added a new Land Tax category to Bulk Upload Financials. PEXA members will be able to select “QLD Land Tax” in the role of Proprietor on Title. ... View more