About Weston3130

We act for purchasers of a commercial property.  GST is payable on the purchase price.  The GST component was inserted into the Transfer document when prepared. However, I note that when the Transfer is viewed it only shows the purchase price without the GST added.  Land Victoria requires the consideration to show the full purchase price (inclusive of GST).   Do we need to insert the consideration with the GST added in the Transfer document so that it reflects the correct amount payable?  If we do this, will this also affect the Transfer as the GST has already been inserted when preparing the document?   Any feedback would be appreciated. ... View more

We act for the wife and pursuant to Family Law Consent Orders the ex-husband is required to transfer his interest in the property to the wife.  The wife is obtaining finance and will also transfer part of her interest in the property to her current partner.  In Victoria, the requirements are that there be two Transfers of Land so the matter cannot be set up in the same workspace.  We are therefore not sure how to set up the transactions in PEXA.  We have created a workspace in relation to the ex-husband and wife transfer.   We have also set up a separate workspace in relation to the transfer from the wife to her and her current partner.    The problem is that the wife is required to make a payment to her ex-husband  which will be advanced by her lender.  The loan, however, is in both her name and her current partner's name.  The transfer to the wife must settle prior to the transfer to her and her current partner.  If we link the matters together to be settled sequentially, are the funds from the lender going to be able to be disbursed in relation to the first transfer and then subsequently to the second transfer.  Further, the second workspace still shows the ex-husband as one of the registered proprietors so the matters cannot settle simultaneously as the first transfer must settle prior to the second transfer. Any thoughts on how we can properly set this matter up in PEXA? ... View more

We received a new disk a couple of weeks ago and I tried to use it last Friday, but it did not work.  Does it need to be activated or is there something else that needs to be done so it can be used? ... View more

I have prepared a Survivorship Application and have invited the mortgagee on title to complete the nomination.  I note that the Title is already an electronic title.  Do I still need the mortgagee to complete the nomination? ... View more

Hi,   I am trying to lodge a Survivorship Application.  I have created the document and I have also created the nomination.  However, in the nomination document it is asking for third party details.  I am not sure what to insert into that box.  Can you please advise.   Regards Linda ... View more