About BelindaLeFevre
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4 weeks ago
Great work Kemp Strang, @JemmaHirst @MichelleFinn. Looking forward to many transactions representing mortgagees!
MichelleFinn wrote:
Our training manager, @JemmaHirst , in Sydney today with the mortgage team (session 2 pictured) of Kemp Strang.
Many great and relevant questions as they transition to econveyancing. Looking forward to our continued contact with this professional organisation and their fabulous team.
Michelle Finn, PEXA Direct Specialist
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a month ago
1 like
Paul Denny Conveyancing have been hosting a series of breakfasts around Sydney, targeting Real Estate Agents. They kindly invited PEXA to join the line up of guest speakers and spread awareness about electronic settlements - specifically the benefits to Real Estate Agents. Yesterday's session was in leafy Beecroft on Sydney's North Shore. Look who Sabby and I found at breakfast.... Breakfast with property royalty! Andrew provided insights on being an agent today, yesterday and in the future.
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06-06-2017
01:56 PM
2 Likes
Hi LizLeigo,
I just contacted LPI NSW to discuss this. Please see the RG's directions at the following link http://rgdirections.lpi.nsw.gov.au/land_dealings/dealings_involving/protected_persons.
This transaction can be transacted in PEXA and you would retain on file, the Client Authorisation Form (between yourself and the Financial Manager) and the letter (from NSW Trustee & Guardian authorising the Financial Manager to instruct you on behalf of the Managed Person). These two documents provide the link between the three parties and should be retained on file and produced, if required, in the event of a compliance audit.
For further discussion, please contact LPI on 1300 052 637 or eConveyancingNSW@lpi.nsw.gov.au.
Hope this helps.
cheers
Belinda
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06-03-2017
10:06 AM
Hi Chrisball, there is currently no announcement or written RG direction on this as the PoA will be still be in place and registered, you just won't need to provide the reference number when you are transacting dealings. NSW was the only state that required this reference - one of the benefits to creating a national e-conveyancing platform is that we start to see the states aligning! May I recommend making contact with LPI on their e-conveyancing email address for further confirmation:
eConveyancingNSW@lpi.nsw.gov.au.
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06-03-2017
09:59 AM
Hi Kay,
PoA still needs to be registered as per usual. The only change is that previously LPI required the reference to be supplied with dealings being lodged. As PEXA does not have anywhere to record this reference, these dealings could not be lodged electronically via PEXA. LPI no longer need to receive this reference with the dealings, but rather, rely on the practitioner to utilise VOI procedures to ensure a PoA is held. Hence, you may now transact dealings involving a PoA on PEXA. Hope this helps! May I also recommend contacting LPI on their e-conveyancing email address if you need further clarification.
eConveyancingNSW@lpi.nsw.gov.au
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28-02-2017
10:02 AM
11 Likes
Newsflash!
Previously transactions in NSW were out of scope for PEXA where a property was being transacted under a Power of Attorney (PoA). As of today, this is no longer the case thanks to LPI aligning with other states. Check out the full details below.
Engagement of Clients acting under Power of Attorney.
Recently PEXA communicated a new feature to be added to PEXA as part of Release 5.1. The new feature enabled subscribers engaged by a client acting under PoA to record and submit, with lodged dealings, PoA and Attorney details.
NSW Land and Property Information (LPI) have now determined to align with the national approach being to rely upon Verification of Identity procedures, and so no longer require PoA details to be communicated to the registrar as part of lodgement.
This means that from today PoA details are NOT required to be recorded as part of land registry dealings in NSW. All dealings where a Subscribers client is acting under PoA in NSW may now be completed in PEXA.
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27-01-2017
10:04 AM
2 Likes
NSW Transformation 2017 In May 2016, the Registrar General’s revised Conveyancing Rules came into effect, paving the way for paperless conveyancing. More specifically, from 1 March of this year, all standalone discharges and standalone National Consumer Credit regulated mortgages must be lodged electronically when the mortgagee is an ADI (Authorised Deposit-taking Institution). Followed swiftly by 1 August when all commercial standalone mortgages where the mortgagee is an ADI and refinances (when both mortgagees are ADIs) must be lodged online by ADIs. Practitioners not currently registered for PEXA who process mortgages for ADIs should contact me at belinda.lefevre@pexa.com.au or Karen Olsen karen.olsen@pexa.com.au. A copy of the conveyancing rules can be found here. We look forward to hearing from you!
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30-11-2016
11:14 AM
1 like
Hi Peter, What you are experiencing is what I call "Early Adopter Fatigue". My clients in NSW feel it as well! And I would be lying if I said we at PEXA don't sometimes feel it too. This is when we need to rally and remember that no one else has done this in the world (both e-lodgement and e-settlement). If it was easy, everyone would have implemented such a system. Keep up the posts - it's great to raise awareness of these issues. As the Land Registries in each state have started to announce their transition timelines until each document type is required to be lodged electronically, we can expect the industry will move quite quickly from now on. Already we have seen stand-alone mortgage processing dates released in most states (March 2017) and refinances (August 2017). A couple of financial institutions are also piloting the initiation of PEXA transactions (don't be surprised if you a receive workspace invitation from a bank) which sends a powerful message to the market. Hang in there - our efforts will be rewarded!
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30-11-2016
10:44 AM
2 Likes
Congratulations! So excited to see this functionality come to life!
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30-11-2016
10:40 AM
8 Likes
Due to the absence of security features on all Certificates of Title issued prior to 1 January 2004, unencumbered non-CAC titles must be produced at the LPI Production Counter before completing a PEXA transaction. This is an LPI requirement to confirm the authenticity of the title. Thanks to LPI, this process has never been easier! LPI announced a new simplified process commencing 28 November 2016: No fee for producing unencumbered non-CAC titles at the LPI Production Counter The Production Receipt form has been replaced by a new and simplified E-form to complete before attending the LPI Production Counter For more information, please see the LPI website , contact your PEXA Direct Specialist, or contact me via this forum!
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18-11-2016
02:42 PM
In NSW I have seen this done - particularly in the case of developments, but more along the lines of " an additional fee for paper settlement" clause included in the contract. This is in recognition of the additional costs associated with a paper settlement (time on the phone, agent/staff fees for attending bank and settlement, resolving issues as a result of delayed lodgement such as rates in vendors name post settlement). Of course it is a matter for each practitioners own consideration and I echo your frustrations around appetite for electronic settlement!
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28-10-2016
11:06 AM
Thanks @christ for a great session on Saturday!
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14-10-2016
03:05 PM
12 Likes
PEXA has exciting news to share with Conveyancer's next weekend at the AIC State Conference! Ian Hendey will talk about new functionality coming soon (hint - might be something about simultaneous settlements...), and we will also talk to two conveyancers who have already embedded PEXA into their businesses. Greg Channell from the Registrar Generals Office and David McDowell from Land & Property Information will also join us with a number of important topics to discuss including the new e-dealing, the Priority Notice. Don't forget to come and join us at the "PEXA Pit" for a chat about all things PEXA or to dip your toes in PEXA via our "sand pit" environment. Rumour has it we may also have caffeine...
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22-09-2016
08:52 AM
6 Likes
In order to conduct a PEXA transaction with a title that does not feature a CAC (Certificate Authentication Code), the title must be produced at LPI. This is an added layer of security to ensure the title is authentic before transacting on PEXA. The PEXA platform requires you to enter either the CAC code in PEXA when creating the Consent document when acting for the Vendor. If the title is pre-2004, it will not have a CAC and instead, a Production Receipt Number will be required. When producing the title, there are some important things to note. You must detail the specifics of the transaction for which you are producing the title - it is not sufficient to write "PEXA Transaction". See example below and be sure to pass this to your agents for use when producing the title on your behalf.
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06-09-2016
05:51 PM
9 Likes
Your PEXA USB (or "dongle" as I like to call it!) actually has a SIM inside - just like a mobile phone. The SIM has the name of the certificate holder printed on it - useful if you sit your certificate on the table next to a colleagues and confuse them. This also means, there is a potential for the SIM to become loose in transit. This is something to try when troubleshooting the dongle (look for the tiny white dot that moves on the outside of the certificate to eject the SIM and re-seat). Of course, as always, feel free to contact the PEXA Support Desk 1300 084 515 or your Account Manager/PEXA Direct Specialist for assistance.
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06-09-2016
05:43 PM
3 Likes
I'd like to start a conversation between practitioners who are using PEXA in their Citrix or remote desktop environments. Can be a touch tricky to get the PEXA signing solution working and I think we could all benefit from sharing our experiences. Please chime in if you have thoughts/learnings/experiences to share!
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