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Hi Doc Sounds like you're talking about a situation where you're acting for a buyer. I believe it's best practice in the paper world (rather than a requirement) that you search ASIC records if the seller is a company. And you would definitely want to search the PoA if Attorney was signing a paper Transfer. However, you do this to ensure that it will get thru the Landgate examination process & get registered. As Jack has mentioned, it's the subscriber that signs an e-Transfer in PEXA and in doing so certifies that the client has authority to sell, I think you also need to take into account that there is little/no gap between financial settlement, lodgement & registration in PEXA. So there is virtually no gap between the buyers funds being released and them gaining Indefeasible Title to the property.  ... View more

Interesting question! ... View more

Hi Krystle I prefer not to use the "DA Sent" box as I don't want to encourage banks to think that it's our role :) However, the "DA Received" box is very helpful. 99% of the time settlement agents are waiting for banks to become ready to settle, rather than the other way round. Greater transparency  on their progress towards readiness would reduce the need for conversations to find out. Perhaps the bank could have a status bar that progresses thru the various stages: Mortgage dox signed & received / All loan conditions fulfilled / Paper Dox checked / Authority to Debit Equity held / Ready to settle ... View more