Community home
Menu
  • PEXA Certified Expand

    PEXA Certified

    This program will give you an introduction to PEXA, how it works and how it can help you transform your business processes.

    Discover More
    • Getting Business Ready
    • System Set Up
    • Transacting in PEXA
  • Help Centre Expand

    Help Centre

    Here you’ll find more than 230 help articles and videos to assist you.

    Discover More
    • Help Articles
    • Help Videos/PEXA TV
    • PEXA Interactive Demos
    • FAQs
    • Ask a Question
    • PEXA Certified
  • Ask a Question
  • Share your Experience
  • Raise an Idea
  • Blogs Expand

    Read the latest in our blogs.

    Keep up to date with the latest PEXA product releases, and read up on the property blog.

    Discover more
    • Community Blog
    • The Property Blog
    • Security Updates
    • PEXA Product Releases
    • Announcements | Outages etc
    • The Bank Blog
    • Workspaces
      Community
      Register
      Log in
    Apps menu
  • Register / Login

Community Home
since ‎19-04-2018
‎19-04-2021
Karolidis_and_Co
Karolidis_and_Co Community Superuser
Community Superuser
At Karolidis & Co we specialise in cost effective legal and accounting services to startups and small business. Our award winning team provides the highest quality in legal and accounting services.
Register / Login

About Karolidis_and_Co

cancel
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for 
Search instead for 
Did you mean: 
Conversation Starter
Community Scholar
Posted 100 replies
Voice of the people
Big Helper
Responsive
Generous Soul
Problem Solver
Helping hand
Community Explorer
Community Columbus
Bookworm
Crowd Pleaser
Top Engager
First Solution
View All
Latest Contributions by Karolidis_and_Co
  • Topics Karolidis_and_Co has Participated In
  • Latest Contributions by Karolidis_and_Co
  • « Previous
    • 1
    • 2
    • 3
    • 4
  • Next »

Re: PEXATransfer fees -

by Karolidis_and_Co Community Superuser in Ask the PEXA Community
‎17-07-2019 09:46 PM
1 like
‎17-07-2019 09:46 PM
1 like
Hi there   Generally the PEXA fee needs to be paid at settlement subject to some exceptions (such as applications by surviving proprietor).   As such, the PEXA fee needs to be accounted for in settlement amounts (mostly payable by the vendor for the vendor fee and purchaser for the purchaser PEXA fee).   Hope this helps.   Nick ... View more

Re: How to create workspace???

by Karolidis_and_Co Community Superuser in Ask the PEXA Community
‎14-07-2019 10:04 PM
‎14-07-2019 10:04 PM
Good evening   Once logged in, there is a green button in the top left-hand corner named "Create New Workspace".   Hope this helps.   Nick ... View more

Re: Transfer from Executor to Beneficiary

by Karolidis_and_Co Community Superuser in Ask the PEXA Community
‎09-07-2019 12:11 AM
‎09-07-2019 12:11 AM
Happy to be corrected however expect the MV is in relation to the interest being transferred, i.e. if 6/10 is transferred, the value is 6/10 of the property value.   I would assume this is particularly relevant for Duties matching purposes with the relevant State revenue office.   Regards Nick ... View more

Re: Withdrawal of Caveat supporting evidence

by Karolidis_and_Co Community Superuser in Ask the PEXA Community
‎09-07-2019 12:07 AM
‎09-07-2019 12:07 AM
Not a NSW user however expect a written confirmation that the caveat should be removed together with conditions for removal would also be required.   Regards Nick ... View more

Re: Lodgement/Settlement hours

by Karolidis_and_Co Community Superuser in Ask the PEXA Community
‎09-07-2019 12:03 AM
1 like
‎09-07-2019 12:03 AM
1 like
Out of curiosity, are there plans to expand financial settlement to occur outside business hours and/or weekends as we would expect this is possible given settlements are taking place electronically?    I can imagine many purchasers/vendors are keen to have their transaction settle post the 5pm Friday cut-off (particularly relevant for non finance transactions). ... View more

Re: Notice of Acquisition - VIC

by Karolidis_and_Co Community Superuser in Ideas and Suggestions
‎03-07-2019 10:59 AM
1 like
‎03-07-2019 10:59 AM
1 like
We're all patiently waiting for this to occur, have not heard any update in a while though, I believe the delay has to do with all authorities needing to update their processes/systems though... ... View more

Re: Victorian Conveyancer doing a love and affecti...

by Karolidis_and_Co Community Superuser in Ask the PEXA Community
‎03-07-2019 10:57 AM
1 like
‎03-07-2019 10:57 AM
1 like
If the property is in WA I do not believe you will be licenced for the transaction... ... View more

Re: Stamp Duty Verification Unsuccessful

by Karolidis_and_Co Community Superuser in Ask the PEXA Community
‎28-06-2019 11:00 AM
3 Likes
‎28-06-2019 11:00 AM
3 Likes
From our experience this generally occurs where the settlement date has changed on PEXA and no longer matches on the SRO form claimed (there might of course be other circumstances however I would suggest checking this first).   Regards Nick ... View more

Re: New DOL Issues Arising - Victoria

by Karolidis_and_Co Community Superuser in Share your Experiences
‎24-06-2019 09:46 AM
‎24-06-2019 09:46 AM
This has been fixed (not sure who assisted however thanks!) ... View more

Re: New DOL Issues Arising - Victoria

by Karolidis_and_Co Community Superuser in Share your Experiences
‎24-06-2019 08:50 AM
‎24-06-2019 08:50 AM
Hi Cathy   I'll have to wait for my team to get in to confirm exactly however my understanding was that because it's an overseas address, it won't match properly between PEXA and Duties, they've tried a number of different ways... ... View more

Re: New DOL Issues Arising - Victoria

by Karolidis_and_Co Community Superuser in Share your Experiences
‎23-06-2019 04:41 PM
‎23-06-2019 04:41 PM
Regarding the above, we have a matter where the purchaser's address is overseas and it won't verify to enable us to bring across stamp duty no matter what we do.   PEXA phone support and the SRO are escalating however settlement is due 25 June, can @JonTeh or any other experts assist?  ... View more

Re: How do I track the record of fees paid by BY A...

by Karolidis_and_Co Community Superuser in Ask the PEXA Community
‎23-06-2019 04:36 PM
1 like
‎23-06-2019 04:36 PM
1 like
Hi there   I believe certain matters do not require source funds and instead charge the office account directly (i.e. applications by surviving proprietor).  The way to match these up to your matters should be via the invoice PEXA automatically the next day.   Regards Nick ... View more

Re: Mobile optimisation

by Karolidis_and_Co Community Superuser in Ask the PEXA Community
‎21-06-2019 02:38 PM
‎21-06-2019 02:38 PM
Thanks @TJ appears to have been fixed!  ... View more

Re: Total funds required to settle

by Karolidis_and_Co Community Superuser in Ask the PEXA Community
‎21-06-2019 02:36 PM
2 Likes
‎21-06-2019 02:36 PM
2 Likes
Thanks @GeorgePolus   Glad to hear improvements are in the works. The team and I are more than happy to participate.  ... View more

Re: Total funds required to settle

by Karolidis_and_Co Community Superuser in Ask the PEXA Community
‎21-06-2019 12:13 PM
‎21-06-2019 12:13 PM
Can we have any official comment on whether this is something that can be addressed? ... View more
  • Tags:
  • How do the competitors handle this issue

Mobile optimisation

by Karolidis_and_Co Community Superuser in Ask the PEXA Community
‎18-06-2019 10:13 PM
‎18-06-2019 10:13 PM
Has anyone else had issues with PEXA Community on mobile lately?   Today the community page is very difficult to read on mobile (iPhone 10S for reference), is it just me? ... View more

Re: New DOL Issues Arising - Victoria

by Karolidis_and_Co Community Superuser in Share your Experiences
‎18-06-2019 03:37 PM
1 like
‎18-06-2019 03:37 PM
1 like
Agree, this is making life increasingly difficult on some matters - not sure why the override is no longer possible?   ... View more

Total funds required to settle

by Karolidis_and_Co Community Superuser in Ask the PEXA Community
‎18-06-2019 11:38 AM
5 Likes
‎18-06-2019 11:38 AM
5 Likes
This REALLY needs to be addressed ASAP:   1. At present, we prepare total funds required for settlement a few days before settlement as per transfer guidelines. I.e. $100,000.   2. At this point, as the incoming mortgagee has not finalised their mortgage documents and/or verifications, bank fees are not yet confirmed/added to PEXA.   3. Accordingly, on the day of settlement, incoming mortgagee finalises the mortgage and adds fee of say $200.   4. They also load $100,000 of Source Funds.   5. We then need to update the total funds required by $200 to $100,200.     6. The bank then receives a message and logs in to update the total Source Funds to $100,200.   Steps 5 & 6 are inefficient and, particularly if we have 20 or so settlements on the same day, requires staff to re-check and re-input total funds unnecessarily.   Solution?  Our idea is that the incoming mortgagee should load Total Funds + their fees if they are adding fees.  Alternatively, anything that'll skip Steps 5 & 6 that you can think of?  They shouldn't be required.. ... View more
Category:
  • Banks and Financial Institutions
  • Financial Settlement

Re: Pexa fees for refinance

by Karolidis_and_Co Community Superuser in Ask the PEXA Community
‎31-05-2019 01:13 PM
‎31-05-2019 01:13 PM
Hi Grace   I believe the answer depends on the transaction and number of titles, etc.   See link which should help: https://www.pexa.com.au/pricing   Regards Nick ... View more

Re: 5 years land tax pay at settlement

by Karolidis_and_Co Community Superuser in Ask the PEXA Community
‎31-05-2019 10:56 AM
1 like
‎31-05-2019 10:56 AM
1 like
Generally yes - the SRO and purchaser will require all unpaid amounts to be paid by settlement.   We suggest liaising with your conveyancer/lawyer. ... View more

Re: Single Name

by Karolidis_and_Co Community Superuser in Ask the WA group a question
‎26-05-2019 06:20 PM
1 like
‎26-05-2019 06:20 PM
1 like
Interesting.  I would also like confirmation re VIC as I'm sure we've had this situation before however cannot remember if it was pre-PEXA and/or how we dealt with it... ... View more

Re: Non financial settlement transactions

by Karolidis_and_Co Community Superuser in Ask the PEXA Community
‎24-05-2019 02:41 PM
‎24-05-2019 02:41 PM
I believe this was raised a while ago and the answer at the time was no it was not possible.   We normally just transfer funds from the office account to the trust account for this purpose.     ... View more

Re: 5 in 5 with Marcus Price, PEXA CEO and Thomson...

by Karolidis_and_Co Community Superuser in PEXA Community Blog
‎24-05-2019 11:32 AM
3 Likes
‎24-05-2019 11:32 AM
3 Likes
I expect @jgusew will be fine!  You've already met some of the team before and everyone is nice - no pressure at all, particularly as it's not live, although Marcus does like to get it done in 1 take!  ... View more

PropertyX

by Karolidis_and_Co Community Superuser in Share your Experiences
‎23-05-2019 09:53 AM
10 Likes
‎23-05-2019 09:53 AM
10 Likes
Some quick feedback to say the event was fantastic from my perspective.  I personally do not get to attend many conferences anymore however for a long session, I must say the event was quite interesting and the speakers and organisation was fantastic!   Great opportunity to also meet more of the PEXA team and other practitioners and hear experiences, particular from interstate colleagues who are going through what we in VIC have gone through a year or so ago re transitioning!   Whilst all the speakers were great, Adam's hosting and Stephen's insight into global giant tech company's and silicon valley were my favourites (although if Marcus is reading this, he was the best speaker of course!).   For those that were not able to attend, I would strongly recommend making your way to the next one!   My only criticism, longer lunch, shorter afternoon tea would've been great to catch up on urgent work!   What were your thoughts on the event? Who were your favourite speakers? ... View more

Re: Non-english reading execution clause for CAF

by Karolidis_and_Co Community Superuser in Ask the PEXA Community
‎23-05-2019 09:46 AM
‎23-05-2019 09:46 AM
I wouldn't think this would require a paper settlement.   I would suggest an "Appendix" attached to the CA with the relevant clause and the client and interpreted should sign this (not sure if the ID verification services will be willing to also sign this though). ... View more

Re: 5 in 5 with Marcus Price, PEXA CEO and Thomson...

by Karolidis_and_Co Community Superuser in PEXA Community Blog
‎23-05-2019 09:41 AM
1 like
‎23-05-2019 09:41 AM
1 like
Haha thanks @DMc  - not too sure how my performance might have impacted the ratings... ... View more

Re: Sale of A Business (no land)

by Karolidis_and_Co Community Superuser in Ask the PEXA Community
‎20-05-2019 12:03 PM
1 like
‎20-05-2019 12:03 PM
1 like
Hi Karen   I do not think business transfers can occur on PEXA, of course the lease requires transfer and if it is a registered lease this particular part can be done via PEXA I believe. ... View more

Re: Incorrect Participant on Transmisson Applicati...

by Karolidis_and_Co Community Superuser in Ask the PEXA Community
‎16-05-2019 03:12 PM
‎16-05-2019 03:12 PM
I have a feeling a request for rectification will need to be made in paper form rather than PEXA. ... View more

Re: 2 titles in the one workspace different names

by Karolidis_and_Co Community Superuser in Ask the PEXA Community
‎14-05-2019 11:09 AM
‎14-05-2019 11:09 AM
From memory we have undertaken similar transactions, you can use 1 workspace however will need 2 transfers. ... View more

Re: Delay lodgment and registration of documents

by Karolidis_and_Co Community Superuser in Ask the PEXA Community
‎14-05-2019 11:08 AM
1 like
‎14-05-2019 11:08 AM
1 like
I don't think so - I'm not 100% re NSW however in VIC stamp duty must be paid at settlement via PEXA, there is no delayed period like with the old paper transactions. ... View more
  • « Previous
    • 1
    • 2
    • 3
    • 4
  • Next »
Latest Tags
  • Council
  • efficiency
  • NOA
  • Notifications
  • water
View All
Likes Given To
User Likes Count
Josh
Josh Star Employee
1
DMc
DMc Community Superuser
3
TSullivan
TSullivan Star Employee
1
TJ
TJ
2
JonTeh
JonTeh Star Employee
1
View All
Likes From
User Likes Count
DMc
DMc Community Superuser
12
NevaC
NevaC
1
tessahoogerbrugge
tessahoogerbrugge
1
SARSIM0003
SARSIM0003
1
tania1
tania1
2
View All
PEXA

|

Facebook Twitter LinkedIn
  • Support
  • Privacy Policy
  • Terms of Service