About Jarrod_McAleese

With PEXA Release 10 going live on Monday 13 May 2019, the Service Charter and Participation Agreement will be updated. You can access clean and marked up versions of these documents via the links and attachments below.   Service Charter Clean version Marked up version: see attached Participation Agreement Clean version Marked up version: see attached   Kind regards, Jarrod ... View more

Ensuring source funds are available when required, whether through a statutory Trust Account or the PEXA Source Account, is key to the completion of timely settlements.   The use of a Trust Account in PEXA is one method that allows you to contribute funds to settlement on behalf of your client. There are a number of benefits to utilising your Trust Account in PEXA.   When operating your Trust Account, you have full visibility of the funds available for settlement. You also have the ability to verify funds on the day of settlement, provided they are cleared. Further, you have the flexibility of being able to provide funds when acting on either side of a settlement, or when acting for a mortgagee. In order for practitioners to use their own Trust Accounts, PEXA requires the banks holding those accounts to integrate their systems with ours. A list of banks who are payment-integrated with PEXA can be found here.   For eligible PEXA Subscribers who do not already operate a Trust Account with an integrated bank, the PEXA Source Account is available for use. It enables practitioners to provide funds when they are representing an incoming proprietor.   It’s important to note, however, that the PEXA Source Account has certain conditions.   The PEXA Source Account is only available for use when representing the incoming proprietor – it is not available for use when acting in any other role to provide funds to settlement. When using PEXA’s Source Account, cleared funds must be available in the account not less than three business days before the date of a scheduled settlement (see section 2.4 of the PEXA Service Charter). In circumstances where funds are cleared into the Source Account less than three days prior to settlement, parties will be at risk of a delay in settlement, potentially leading to unnecessary stress for you and your clients.   As digital settlement volumes continue to increase, and with the New South Wales 1 July compliance date on the horizon, we recommend you take the time evaluate your current processes around supplying source funds.   If you’d like to register your Trust Account to your PEXA profile, you can access our Trust Account Form below. Alternatively, if you bank with Macquarie, contact our Account Services team. If you have any further questions on Trust Accounts or the PEXA Source Account, please reply to this thread. ... View more

Hi Community,   PEXA is aware of an issue preventing certain users from signing on the platform. This is due to a small number of antivirus software providers marking the PEXA signing screen as ‘suspicious’ in error.   If you urgently need to sign and are currently unable to do so, please call the PEXA Support Centre on 1300 084 515 and a temporary workaround will be provided.   A resolution is expected be rolled out to amend the issue later today.   Kind regards, Jarrod ... View more

As part of PEXA’s latest platform enhancement (9.0.1) we are excited to bring you a new, simplified home page.   The new landing page is designed to cut down unnecessary 'noise', allowing you to see important information at a glance.   After you log in to PEXA, the first screen displayed will be the new home page. Here, you will see your six most recently-viewed Workspaces. Presented as clickable cards, they will be colour-coded based on their status.   This will allow you to easily prioritise Workspaces and help streamline your platform experience. Further, checking your Workspaces on the go will be simple, as the new layout will be mobile-friendly.   The previous home page layout can be accessed from the left navigation menu which is displayed in the original table format, though it will not act as the default landing page.   We hope you enjoy the new view and as always, we look forward to your feedback.         ... View more

Hi Community,   We recommend regularly reviewing your PEXA account and ensuring user access is up-to-date. We've provided answers to frequently asked questions on 'inactive users' below.   What is an inactive user? An inactive PEXA user is defined as ‘a PEXA user who has not logged into PEXA over the past 100 days.' What will happen if a PEXA user becomes inactive? If a user does not login for a period of over 100 days, their access to PEXA will be suspended. Note that this is not a permanent suspension and Subscriber Managers can reactivate access via the 'Manage Users' section on the PEXA platform. To find out how to manage users, follow our guide on Community.   Why is it important to manage inactive users and PEXA user access? It’s important that only users who need to utilise PEXA have access to the platform. If an employee has left your organisation, access to their PEXA account should be removed to prevent unwarranted access to the PEXA System.   Rule 7.3 of the   Model Participation Rules  requires that Subscribers keep user profiles up-to-date. In addition, paragraph 4.5.2 of   PEXA's Security Policy  requires Subscribers to perform regular checks of their User profiles and, where applicable, remove inactive User profiles. Who can manage PEXA user access? Your organisation’s PEXA Subscriber Manager(s) can remove, suspend or reactivate users. It's important to note that Subscriber Managers do not need a Digital Certificate to reactivate a suspended user. Do I need to call PEXA Support to manage user access? No, the PEXA Subscriber Manager(s) from your organisation is able to remove, suspend and reactivate users and does not need to call PEXA Support to complete any of these tasks. It's important to note that Subscriber Managers do not need a Digital Certificate to reactivate a suspended user. As a PEXA Subscriber Manager, how do I manage PEXA user access? To remove or suspend users from PEXA, visit your PEXA dashboard, click Administrator Tools and select Manage Users. From here, locate the relevant user and use the action cog to select Edit. Update the user details or permissions as required. If you are a Subscriber Manager and have had your access to PEXA temporarily suspended, you will need to call PEXA’s Support Centre to have your access reactivated. To reactivate users, on the Manage Users screen:   1. Locate the relevant User and use the action cog to select Reactivate  2. Enter the reason for Reactivating the User 3. Select Confirm.   You can find more information on managing PEXA user access by visiting our guide on Community . What if a user requires PEXA access only sporadically? If a user accesses PEXA infrequently, we kindly request that they login every 100 days to keep their profile ‘active’. What if a user is on an extended period of leave, such as parental leave? If a PEXA user is on an extended period of leave (such as parental leave), we recommend that you suspend their access to PEXA, and reactivate it upon their return. What should I do when an employee leaves my business? If an employee leaves your business, you should check that their PEXA user profile has been removed and terminate their Digital Certificate (note: you’ll need to contact PEXA directly for Digital Certificate termination).   Have a question regarding inactive users? Reply to this post and we’ll get back to you as soon as possible. ... View more

With PEXA Release 9 going live on Monday 5 November 2018, the Service Charter, Participation Agreement and Standard Operating Environment Requirements will be updated. You can access clean and marked up versions of these documents via the links and attachments below.   Service Charter Clean version Marked up version: see attached Participation Agreement Clean version Marked up version: see attached   Standing Operating Environment Requirements Clean version Marked up version: see attached ... View more

      Thank you to those of you who joined us at the Queensland industry roadshows this week.   You can download a copy of the presentations via the PDFs attached to this post.   We hope this chance to join us has helped you further understand what’s happening across the network and the opportunities available moving forward in this period of digital change.   If you have any questions, please reply to this post and we will get back to you. ... View more

    With Victoria's 1 October compliance date fast approaching, we'd like to invite you to join us for an industry update webinar. Representatives from the financial institutions, the Law Institute of Victoria, Land Use Victoria, the State Revenue Office and PEXA will each provide a brief update on their readiness initiatives, and how they’re feeling in anticipation of 1 October. You'll be able to ask your questions LIVE on the day.   Date: Monday 24 September 2018 Time: 1:00pm to 2:00pm AEST     Register now by clicking on this link! Regards Jarrod ... View more

Hi all,   Land Use Victoria has advised that  there will be outages to the system on Friday 21 September 2018 at 5.30pm until Saturday 22 September 2018 at 1.00pm.   Therefore,   Workspace Creation,   Land Title Reference Verification,   Lodgement Verification   and   Lodgement   won't be possible via PEXA during this period.     Kind regards Jarrod ... View more

  When dealing with new residential premises or potential residential land, purchasers are now required to pay the GST on the purchase price directly to the Australian Taxation Office (ATO), in a legislation change effective 1 July 2018. Previously, developers were responsible for this payment.   The new legislation applies to land contracts in effect on or after 1 July 2018. This has been introduced to increase transparency in the GST collection process and prevent illegal phoenix activity.  The amount of GST payable remains the same. Transfer of title is not conditional on payment of the GST withholding amount to the ATO by the purchaser.   PEXA provides a simple method for completion of this task, offering practitioners greater efficiency and visibility around GST. Clarity around the payment of GST will be also beneficial to developers.   The vendor is entitled to GST input tax credits for the withheld amount the purchaser pays. If the purchaser withholds an amount from the supplier, but does not pay it to the Commissioner, the supplier will not be entitled to input tax credits.   As part of PEXA’s Release 8.0 , a new disbursement line item category has been added in the Financial Settlement Schedule titled GST Withholding to complete this action. This category is available to the Incoming Proprietor and Proprietors on Title.   Upon selection of the category GST Withholding:   PEXA will auto-fill the ATO BSB and Account Number fields PEXA will prompt you to enter the ATO Payment Reference number Once the GST withholding destination line item is created, it will be available for view by both the Workspace Participant who created the line item and the Workspace Participant identified as the Associated Subscriber As per the existing PEXA process for third party disbursements, both the Workspace Participant who created the line item and the Workspace Participant identified as the Associated Subscriber will be required to digitally sign the line item All Workspace Participants having created Source and Destination Line Items or identified as an Associated Subscriber to a destination line item in the Financial Settlement Schedule, will be able to prepare a Settlement Statement An overview of the process can be found below.     ... View more

From December 1 onwards, all combinations of eligible transfer transactions and caveats will move online in WA. The upcoming weeks and months are crucial as our industry prepares for this digital shift. As we enter this period, it’s important to ensure your business is digital-ready – and we’re here to help you prepare. Understanding the new requirements is vital and we want to help you get to speed as soon as possible to enable you to transact efficiently and effectively following the compliance date. The below transactions commenced after 1 December, both singly and in combination, will need to be completed electronically: Mortgages Discharge of mortgages Transfers Caveats Withdrawals of caveats Landgate provides a transaction eligibility list which can be found on their e-Conveyancing webpage while  OSR provide insight on their e-Conveyancing page and in their transaction guidelines. Working together is key so please reach out to us if you require support. ... View more