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Hi, Executor on title following transmission. 2 beneficiaries nominated in the Will. Executor will now transfer to 1 beneficiary only pursuant to an agreement between the 2 beneficiaries. Questions: What is the appropriate transaction type? Related Party Transfer / Other Transfer? If the later, it is Transfer of Interest? In the above scenario where the Executor is also the transferee beneficiary,  there will be duty assessment (outside of s42). Anything notable to ensure when completing PEXA workspace in this regard? TIA  ... View more

Hello, Transmission Application (VIC), 2 questions: Does PEXA support TA and Transfer in one workspace now in Victoria? When preparing PEXA workspace for transmission application, there are the following questions: Is party acting as trustee - should this be noted as YES because the executor will then hold the property as a trustee of the Estate? Party Capacity Detail - what should be inputted in this section? Thanks in advance. ... View more

Hello, Can ASP be lodged as part of a usual Transfer workspace? Or is it necessary to have ASP lodged and registered before a Transfer workspace dealing with title may be created? Thanks! ... View more

Hi,   I have successfully completed by PEXA Certified program Modules.  How can I get my PEXA Certified badge?   Thanks   ... View more

Hi, Looking for input in relation to lodgement of a mortgage on title via pexa where mortgagees are the same as caveators on title. Could someone please provide a suggestion as to how this can be done via PEXA without having the caveats removed first. Thanks! ... View more

Hi,   How can I lodge an application to change name on title on pexa as a stand alone transaction?   The reason for the change is due to the proprietor's name on title not matching his official ID documents.   Does PEXA support an application pursuant to section 27A TLA?   Thanks ... View more

Is there a way to attach a copy of the additional terms and conditions when creating mortgage of land?   This involves a very lengthy additional terms and conditions and there are insufficient space to insert this free text.   If attaching is not possible, what are the options? ... View more

in transfer of eCT scenario, what is the difference (and implications if any) between categorising the transaction as commercial transaction vs non-commercial transaction? ... View more

Hi,   Just want to check, when acting for Vendor (unencumbered), and all proceeds of settlement to go direct to vendor's nominated account. All that needs to be done is to enter: - the relevant banking account details; and - the amount to be paid in Payment Directions and under the Vendor Destination Line Items, correct?    How do we know that the Vendor has received the funds?   TIA. ... View more

Hi, How is PEXA Fees for vendors with clear title accounted for? Is it correct for purchaser to add this in the Vendor Destination Line Items? And would PEXA charge this to the subscriber (so we pass on as disbursements) ? Thanks ... View more

Hi Team.   Acting for vendor - clear title - title presently in paper form.   With nomination of pCT to eCT as part of PEXA Workspace.   In the field where asked: Do you wish to retain control of the title after the transaction Should this be selected as '' Yes  '" to allow the sale transaction to proceed via PEXA with us as the transacting subcriber on behalf of the vendor.   Thanks ... View more

Acting for both purchaser and nominee.   Purchaser lodged purchaser's caveat.   At settlement, purchaser's caveat needs to be withdrawn.    Tried to add myself as participant in the transfer workspace for the purchaser but unable to do so.   Can withdrawal be effected in the same workspace with the transfer? How can this be done? ... View more

Hi,   Acting for purchaser.   Say:   Balance due to vendor is $100.000.00   Vendor has inserted cheque directions amounting to $80,000.00   The balance of $20,000.00 due to ABC Bank.   How should this $20,000.00 be reflected on  the payment directions?   Should purchaser upload destination item - or is this the vendor's job?   Thanks ... View more

Hi,   My client will be depositing monies in trust for settlement shortfall.   Can you please confirm the process that is likely to be involved in this regard.   Also what is the function of / purpose of the "Underlying Account Details" under the source funds tab?   Thanks!   ... View more

Hello,   I have recently changed my computer.   I noticed that I will need certain software to sign documents on PEXA which does not appear to be currently installed in my new computer. What do I need to do so that I may sign documents on the new computer?   Thank you. ... View more

Hi,   Just need a clarification on the Financial Settlement Schedule.   Say the total due to vendor per adjustment is $100,000.00 Vendor's Destination Line Items exceeds this amount - say $150,000.00 Purchaser Destination Line Items is $10,000.00 (inc PEXA fees, stamp duty, transfer fees, professional fees)   Vendor is providing source funds of $50,000.00   Would the total funds required to settle be: $160,000.00 (being  Vendor's Destination Line Items + Purchaser Destination Line Items )  OR also matches the total Destination Funds   -OR- $110,000.00 (being total due to Vendor per adjustment +  Purchaser Destination Line Items) - because the total required to settle from the purchaser's end should only this amount?     Also, what happens if there are destination funds required to balance (from incoming mortgagee)?     Thank you.     ... View more