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19-04-2018
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Karolidis_and_C
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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.
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Wednesday
2 Likes
Has there been any progress on this from PEXA - appears that some representatives are still suggesting purchaser's should load council rates, etc. We still believe the better approach is for the vendor to load these payments as they come from the balance due at settlement to the vendor, can anyone else please confirm their view?
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2 weeks ago
2 Likes
Agree - although it might be quicker if they just mobile optimise the browser. An app might take a while to develop.
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2 weeks ago
I agree with this suggestion - it is potentially a privacy issue otherwise.
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2 weeks ago
1 like
Hi @Emily - is there a minimum number of members a firm must have to qualify?
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2 weeks ago
1 like
I believe you obtain a “badge” on these forums. I know some members also receive a real “trophy” if they are supported members, not sure how that occurs.
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3 weeks ago
1 like
From the FAQs - in a nutshell you either have to use your trust account or the PEXA Source Account. Do I need a Trust Account to use PEXA? No, you do not need to have a Trust Account to use PEXA. You have a number of options: If you do have a Trust Account that is integrated with PEXA then you must use this if you wish to contribute source funds to a Financial Settlement. If you do not have a Trust Account (or have one which is not currently integrated with PEXA) then you have the option to use the PEXA Source Account to provide source funding – read more on this here You can participate in any PEXA Workspace without a Source Account linked to your Profile. Without a Source Account, you can lodge any document supported by PEXA as a standalone lodgement or participate in a transfer Workspace noting that you will not be able to contribute source funds on behalf of your client. Note: If you elect to join PEXA without using your Trust Account or registering for the PEXA Source Account, you can always add a source account at a later date.
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3 weeks ago
I would've thought this can be done on the one PEXA matter, represent all 3 vendors, 1 title. Unless 1/2 the land is being sold to different purchasers?
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3 weeks ago
1 like
I expect the answer to be no - I would suggest obtaining a new CA from the executor/s.
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3 weeks ago
I believe so, add all titles to the matter - although note multiple title transfer fee will likely apply instead of the standard PEXA fee.
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3 weeks ago
2 Likes
I believe once the transfer is successfully prepared the PEXA fee will populate automatically (you likely need to nominate the title to the workspace first).
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4 weeks ago
My understanding is that it would need to be repaid before settlement and they would need to liaise with SRO to have charge removed post receipt of payment before they'll remove the charge as the SRO do not yet have the ability to receive funds on settlement via PEXA.
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4 weeks ago
1 like
No - that's the multiple title fee, assume there was a multiple title transfer (perhaps a title + car park title?)
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4 weeks ago
I expect this is when they are having their Verification of ID undertaken at an Embassy/Consulate overseas.
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24-08-2018
02:14 PM
That sounds like a bug in the software, there is not normally any special that you need to do to see a NOA that was previously prepared. Perhaps calling the support team will help resolve?
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23-08-2018
04:01 PM
1 like
Not sure about the actual technical limitations regarding bringing settlements forward however with the new changes to 30 minute roll-over times instead of 1.5 hours this should remove part of the issue referred to above.
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23-08-2018
11:45 AM
My understanding is that you can only use the PingID app or SMS for 2FA on PEXA.
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- Tags:
- shame though
21-08-2018
09:05 PM
3 Likes
I miss the days where support was a 5 min response time...I worry about how long it'll take post 1 Oct!!
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28-06-2018
12:31 AM
7 Likes
Appears to be an unfortunate circumstance that obviously has brand/reputation issues, prompting the recent "guarantee" from PEXA to ensure practitioners are comfortable and able to deal with backlash... personally I do not have an issue with how PEXA have dealt with the issue recently.
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13-06-2018
08:14 PM
Hi Christine My understanding is that if there is a self representing party not PEXA registered it is not a mandated PEXA settlement and can happen via paper. Happy to be corrected of course.
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13-06-2018
08:06 PM
1 like
Hi all Physical cheques on an eletronic only system so close to compulsory use is unacceptable to be frank. This needs to be sorted ASAP between the SRO and PEXA....
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07-06-2018
10:05 AM
Hi there On the participants page click the action icon on the right and select Edit Party, on the next page you should be able to select "I represent this party". Regards Nick
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04-06-2018
09:23 PM
1 like
Looking forward to councils and water authorities being able to see the NOA via PEXA, more importantly though the SRO need to be able to receive payments via PEXA as opposed to receiving a manual cheque.....
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04-06-2018
08:56 PM
2 Likes
All too common unfortunately, some workspaces have banks ready a couple of weeks ahead with funds loaded. Others a minute before or hours AFTER with limited or no correspondence on the workspace or by email...
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16-05-2018
08:59 PM
I expect this is at the forefront of their mind. Out of curiosity, which lenders have you encountered that are not PEXA registered? We haven’t had any in the last 6 months (perhaps luckily?)
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16-05-2018
06:33 PM
1 like
This sounds fun... Agree with Ben however assuming you’re in a jurisdiction such as VIC, does t the transfer HAVE to take place via PEXA? Are they then required to appoint someone to complete?
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15-05-2018
02:31 PM
2 Likes
A conveyancer, lawyer or mortgagee is required to take reasonable steps to verify the identity of a client or mortgagor. How that is done is up to them .
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14-05-2018
10:11 AM
My understanding is that the nomination is required to allow the transaction to proceed via PEXA.
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12-05-2018
06:55 PM
1 like
Agree with the above, new eCT will be issued and paper title must be destroyed.
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