About BelindaLeFevre

Just like the invention of colour TV, Land Tax can now be paid on settlement utilizing the PEXA Platform!   Land Tax can be paid at settlement in a PEXA transaction without the availability of the physically stamped clearance certificate.   The solution was agreed between Revenue NSW, PEXA and the Law Society of NSW.   The solution required the following changes to satisfy parties, which were implemented earlier this year:   BPAY payment details available on Revenue NSW documents A document provided by Revenue NSW explaining the Land Tax payable Inclusion of agreed wording by the Law Society explaining the practitioner can be comfortable to settle Hard-coded BPAY biller details in PEXA against a new NSW Land Tax payment destination category Ability to upload Revenue NSW documents in document hub (existing functionality) The process is as follows: Purchaser or Vendor representative uploads a copy of the Land Tax Clearance Certificate (Section 47) to document hub in the workspace (under Revenue Office Documents) Vendor representative uploads the Land Tax Payable letter provided by Revenue NSW to document hub in the PEXA workspace (under Revenue Office Documents), and any additional documentation provided by Revenue NSW detailing outstanding debts (if applicable) Vendor representative creates the line item for payment to Revenue NSW, choosing the category of NSW Land Tax, with the amount as per the documents After settlement, the clearance certificate will be provided back to the Vendor representative within approximately 48 hours, who would then provide to the Purchasers Representative. Office of the Registrar General (ORG) have a waiver in place in the short term to assist practitioners to transition to the new process.  The waiver will expire 30 November 2019.  The waiver can be located here https://www.registrargeneral.nsw.gov.au/__data/assets/pdf_file/0008/526733/Conveyancing-Rules-Waiver-CR-3-2019-Land-Tax.pdf   Happy transacting!   Belinda ... View more

Revenue NSW have made some changes to the messaging practitioners receive when verifying duty in PEXA.  These changes are an exciting step forward, enabling practitioners to self-help when they receive a verification error.  The messages came into effect in August and detail the title reference or name causing the stamping mismatch, enabling swift resolution:   Error New Message E114 Please match the incoming proprietors name (xxx) in your workspace with the liable party name on your Duties Notice of Assessment.  Check Revenue NSW website for further help with verification service. E108 The land title reference provided (xxx) does not match Revenue NSW records. Check your Duties Notice of Assessment or visit the Revenue NSW website for further help with verification service.   Revenue NSW have additional information available on their dedicated Duties Verification Service web page, such as a list of error codes and the required action for each. https://www.revenue.nsw.gov.au/electronic-duties-for-professionals/econveyancing/duties-verification-service   Happy transacting!     ... View more

Read my article at the below link for step by step instructions for both a transfer and a transmission application.   Lodging in PEXA after settling in PAPER   cheers Belinda ... View more

Today, 1 July 2019, marks the next milestone in e-conveyancing in NSW, with the mandatory e- lodgement of mainstream dealings.     As with any new process change, we need to be prepared for the curve balls.  One of these is the scenario where practitioners settle in paper but later discover their transaction falls within the list of dealings required to be lodged electronically.  Never fear, the team at PEXA have put together two documents outlining the process to lodge using PEXA once settlement has taken place. Transfer Transmission Application See  the attached documents and happy transacting!  As always, get in touch via the usual channels if you need help. cheers Belinda ... View more

Good afternoon NSW members,   With just FIVE days to go until 1 July, I thought it would be timely to put some last minute links and resources together for you:   Circular - announcing inclusion of dealings in 1 July compliance date New Conveyancing Rules  Waivers in effect 1 July Land Tax - in place while practitioners get comfortable with the new functionality to pay land tax in PEXA Mainstream Dealing Exceptions - all other waivers to the mandate in one document Mortgage Certifications  - certification wording Participation Rules Waiver - certification wording Conveyancing Rules Exemption Form 2019 - If you need to rely on a waiver to lodge in paper, you will need to complete this form in conjunction with the above links to adequately populate the form with the correct reference. What to do if you have settled in paper but are unable to lodge? Stand by - PEXA will release 2 documents prior to Monday explaining how to complete a transfer and a transmission application in PEXA after you have settled in paper. How to pay land tax via PEXA?  Revenue NSW and PEXA, in conjunction with the Law Society, have developed a procedure and associated system changes, to enable practitioners to pay Land Tax at settlement in a PEXA workspace with comfort for the incoming party that the debt has been cleared.  The solution utilizes the upload of the Section 47 and associated debt letter, into the Document Hub.  Detailed instructions are being created for distribution shortly. As always, feel free to respond with any last minute questions and I will endeavour to get the answers for you.   Warm regards Belinda       ... View more

Preparing for July - NSW Transition to Digital lodgment - Webinar     On 1 July 2019 all mainstream conveyancing transactions will transition online in New South Wales. The proposed scope, as per the draft conveyancing rules version 5.0, is Discharge of Mortgage, Transfer, Mortgage, Caveat, Withdrawal of Caveat and Transmission Applications.     To ensure you’re ready to transact digitally, the NSW Office of the Registrar General, Revenue NSW and PEXA will be hosting a webinar on Tuesday 4 June, 10am AEST. This will cover a half hour presentation about the scope of 1 July, updates on bulk conversion of paper titles to  eCT  and documents yet to transition to digital. Revenue NSW will update us on land tax & complex stamping arrangements.       We’ll then open the floor to you for a 30-minute Q&A with our industry experts.     Register here to attend.     See you there!      Belinda     P.S. A recording will be made available on the  NSW Community page  for you to view and ask questions if you’re unable to make it.   ... View more

The next NSW e-conveyancing mandate is due to land on the 1st of July, 2019.   Are you ready?     The Registrar General has released a circular and draft conveyancing rules version 5 for review and comment by 5pm Friday 3 May.  The new rules propose the mandatory e-lodgement of the following instruments in NSW: Mortgage Discharge of Mortgage Transfer Caveat Withdrawal of Caveat Transmission Application Please join a webinar, contact your PEXA Direct Specialist or get in touch with Team NSW to prepare.   All the best Belinda ... View more

Please note: although this message seeks to align PEXA statuses with the paper process, the two processes are not directly comparable and the below should be taken as a guide only.   PEXA tracks the overall status of Workspaces using the Lodgement and Settlement bars across the top of the Workspace.  Below is a list of the possible status values in a Workspace: Lodgement status   Corresponding stages in paper Settlement Status   Corresponding status in paper In preparation The period from Workspace creation including when documents are in preparation Period from pre-exchange, through to contract exchange, cooling-off, satisfaction of conditions and preparation of instruments In Preparation The period from Workspace creation including when parties have commenced preparing the Financial Settlement Schedule Period from pre-exchange through to parties calculating and exchanging settlement figures Prepared Documents have been prepared and are ready to be signed.  Stamp Duty verification and Lodgement verification are successful Buyer has signed the transfer and has sent the Transfer to the seller’s/vendor’s representative. All revenue office documents have been completed. Signed The Financial Settlement Schedule has been signed by all required parties All parties have agreed on the settlement statement. Cheques requested. Ready All documents have been digitally signed by the required parties and lodgement verification is successful Vendor has signed the transfer and each side has their settlement packet ready for settlement. Includes attendance at settlement room. Ready All aspects of the financial settlement are ready (funds verified, authorised, schedule is balanced and all required items are signed) Cheques are produced and ready for settlement Lodging Document is in the process of lodging with the Land Registry/Titles Office Following settlement, Agent/practitioner attending Land Registry/Titles Office Settling Source funds are being moved and PEXA is seeking reservation of funds for the transaction Practitioner/agent attends settlement, cheques are being handed over. Lodged The Land Registry/Titles Office has accepted the documents for lodgement Dealings have been deposited at the Land Registry/Titles Office Settled Reserve Bank settlement has occurred – the property has settled. Vendor’s representative / bank has received the cheques and the purchaser’s representative / purchaser’s bank has received the documents.   Complete The Land Registry/Titles Office has completed their examination of the documents and assigned a status Dealings have been examined by the Land Registry/Titles Office and assigned a status Disbursing Instructions are being sent to banks to disburse funds to their respective accounts Practitioner/agent attends relevant financial institutions to deposit cheques       Disbursed Financial institutions have confirmed they have the disbursement instructions and have actioned them. Cheques have been received by destination financial institutions The lodgement "complete" status is one that practitioners can find confusing.  We normally equate “complete” with dealings being “registered” or clients being “on title”.  However, the complete status means the Land Registry has completed their examination of dealings.  In fact, the Complete status could mean a variety of things, depending on your jurisdiction. “Registered, Rejected, Requisitioned, Unregistered, Unnecessary” are some of the available values in NSW.  A full list of values available in each jurisdiction can be found below. Practitioners should always check each dealing in the documents screen to ensure they have registered (where applicable).  If in doubt, contact your Land Registry to discuss the details of your matter. Please confirm your Land Registry Contact Details for your firm's PEXA subscription are up to date.  This can be checked by your Subscriber Manager in the PEXA platform. Available values in each Jurisdiction Jurisdiction Available Values NSW Action Complete; Received; Registered; Rejected; Requisitioned; Unnecessary; Unregistered; Withdrawn QLD Abeyance Missing Dealing; Assoc Unregistered Abeyance; Assoc Unregistered Advertised; Cancelled; Current; Dealing B’Fwd to New Title; Dealing Entered; Deleted from ATS; Fully Withdrawn; Kept in Abeyance Dealing; Lapsed; Lapsed (Section 126(7)); Modified and Now History; Not Current; Received; Recorded in Error and Removed; Registered and Transferred; Registered Current; Registered History; Rejected; Removed; Requisitioned; Unregistered Abeyance; Unregistered Advertised; Unregistered Dealing; Unregistered Deed to Issue; Unregistered Requisitioned; Unregistered Superseded; Unregistered, Remvd to History; Unverified Dealing; Verified Dealing; Withdrawn and Re-entered SA Active; Active Dealings Lodged; Cancelled; Completed; Deleted; Deposited; Expired; Filed; Lodged; Registered; Rejected; Requisitioned; Superseded; Terminated; Unregistered; Unregistered – Data Entry Incomplete; Unverified; Withdrawn Tas Received Vic Abandoned; Approved; Completed; Deposited; Examination; Finished; Follower; Notice; Received; Registered; Rejected; Requisition; Unregistered; Withdrawn WA Lodged; Registered; Rejected; Requisitioned; Withdrawn ... 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Transacting transfers electronically   Navigating the maze of what's in scope, what's out, what's mandated and what is not, can be confusing and time consuming for practitioners.  I've created the below table to assist practitioners with transacting transfers on the PEXA platform.  The table shows transfers normally transacted on the paper form "01T" and "01TWC", with practical tips on which choices to select in PEXA and if you will require a property market value.  A full list of all transfer types can be found in the attached pdf.  NSW_Transfer_Table_Full_v2.pdf (116 KB)   As always, feel free to post any comments/questions, contact your PD specialist or teamnsw@pexa.com.au for further assistance.   ... View more

This is a common question.  Ensuring the appropriate steps are taken to record your client's interests on title in a timely manner is paramount!  The NSW team have mapped out clear step by step directions to help below.  (pdf version attached for printing!)   Lodging in PEXA after a failed paper lodgment in NSW         ... View more