You have done nothing wrong at all.
In PEXA, each party (transferor and transferee) pays a PEXA fee of $110.55.
The PEXA fee covers the following services:
Pre-population of Land Registry data, to remove the need for re-keying.
Lodgement verification checks, to provide greater certainty that documents will be lodged successfully.
Title Activity Checks (TAC), to alert you to any recent activity on the title.
Lodgement gap cover, whereby PEXA may assume responsibility for loss incurred when an intervening dealing impacts registration of a covered dealing, subject to conditions set out in the Participation Agreements.
Electronic disbursement of cleared funds through to nominated accounts.
Electronic settlement booking.
Document creation and lodgement with the Land Registry in real-time.
Secure digital signature technology.
Stamp duty verification with the duty authority.
The PEXA fee is separate from the statutory lodgement fees, which are set by each jurisdiction’s Land Registry.
$94.60 would represent the fee payable to the Land Titles Office in paper. In an electronic lodgement that fee is reduced to $85.90.
We have attached the following links to assist you with the benefits of using PEXA:
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Hi Sally, The rules regarding issue of pCT or eCT are set by Land Use Victoria. If the lodging party (Responsible Subscriber) is identified as one that is to receive eCT only (currently only selected Financial Institutions meet this criteria) LUV will automatically issue eCT. If the lodging party (Responsible Subscriber) does not meet the above criterea (those who meet the criteria know who they are) then PEXA allows the lodging party to select the format of title issue; be it electronic or paper. This option is found in the Lodgement Instructions, which are digitally signed by the lodging party. If your firm is the named CT Controller for an electronic title, to obtain a paper title you will need to make the request of LUV using a from available from the LUV web site. But may I suggest you have a think about this before automatically requesting a paper duplicate CT. You may find it is more convenient, more secure and lower cost to retain electronic CT Control. That said, it is always your choice and the choice of your client. Information re-Supply is a means by which to refresh land title data in the workspace. Typically, if a Title Activity Check (TAC) returns a positive result and subsequent inquiry reveals that affected land title data is pertinent to the dealing(s) in the workspace, then any of the workspace participants are allowed to request Information Re-Supply to 'refresh' land title data. The Participant requesting information re-supply will incur the fee levied upon PEXA by the Land. If you have more questions please contact me @GeorgePolus at any time. Regards George
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Hi Sally, The Transmission will be no issue in PEXA. The transfer will however will be an issue. PEXA has been built to observe the LUV preference of 'all off - all on' business rule for a Transfer of Land. I checked with LUV, specifically for the scenario you depict, if LUV would accept the Transfer from Executor to Beneficiary without representation of some, or all, of the remaining Tenants in Common via the paper channel. LUV said that even in paper, it is not preferred, but under the TAL they must accept a Transfer of Land where some but not all of the Tenants in Common are dealing. Just to let you know, PEXA has built the capability for some, but not all Tenants in Common to relinquish all or part of their interest without the need to have all proprietors represented. This capability will go live in NSW in May 2018. We are sorry that at this time PEXA can't support your needs. Please rest assured we are aware of the limitation. We will keep working to strive to support 100% digital.
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