About BelindaLeFevre

BelindaLeFevre

Hi @Emily_EJS_Law, Up to you, but if we liken the electronic scenario to that in paper, in paper you say settlement has occurred when cheques and documents have been physically exchanged at settlement. Those documents have not been lodged at the land registry and the cheques have not yet been banked. But the property has settled. If we consider the same in PEXA, the point where documents have been lodged and funds have been settled (exchanged at the Reserve Bank level), we can concur the property has settled. Cleared funds may take minutes,hours or overnight to appear in the vendor's account (depending on the financial institution they bank with and their internal procedures), but the funds are definitely on their way to the client! cheers Belinda

BelindaLeFevre · ‎06-12-2018

Hi @Pmaher4, Thank you for your interest in the new leasing functionality. It has been designed as such to allow the annexures to be uploaded in a document and attached to the lease document created in PEXA. Once you create the document and then upload the Annexures to the lease document, digital signing covers both the lease document and uploaded annexures. In terms of your questions: - Which leases can be prepared in PEXA? Fair Trading leases only? Not sure what is meant by Fair Trading leases - this functionality is to support leases that would normally be created using LRS templates in commercial settings - Can a stand alone lease be completed and registered via PEXA? Yes - What are Conditions and Provisions? This is new wording for what you currently call "annexures" Tagging in @TSullivan (product designer) for further comment.

BelindaLeFevre · ‎06-12-2018

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 Settlement Status In preparation Workspace has been created and documents are in preparation In Preparation Practitioners have commenced preparing the Financial Settlement Schedule Prepared Documents have been prepared and are ready to be signed. Stamp Duty verification is successful Signed The Financial Settlement Schedule has been signed Ready All documents have been digitally signed by the required parties and lodgement verification is successful Ready All aspects of the financial settlement are ready (funds verified, authorised and FSS items signed off) Lodging Document is in the process of lodging with the Land Registry Settling Funds are reserved for the transaction Lodged The Land Registry has accepted the documents for lodgement Settled Funds have been moved at the reserve bank level. Technically the property has settled Complete The Land registry has completed their examination of the documents and assigned a status Disbursing Funds are disbursing to their respective accounts Disbursed Funds have reached their 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

BelindaLeFevre · ‎22-11-2018

Hi @Emilytrotman, Unfortunately we are unable to produce titles on behalf of practitioners. This change came into play a few months ago. However, the "no-charge" still applies for producing the title, so you would just need to pay an agent for the production. So sorry we are unable to support this service moving forward. cheers Belinda

BelindaLeFevre · ‎15-10-2018

Hi @Sam22, You can do your stamping now but you will need to pay the duty within the 3 months, through some other method. Then when you settle in January, you will enter the stamping reference number and the verification service with Revenue NSW will show that $0 is owing for stamp duty. cheers Belinda

BelindaLeFevre · ‎04-10-2018

Hi @AnnH, Yes correct. As you are acting for the Incoming Mortgagee, you can create the consent for the land using the title the borrower has provided to you. You will need a Client Authorisation Form between yourself and the Incoming Mortgagee. You would not require a signed Client Authorisation Form between yourself and the borrower if you do not act for them. I understand you are meeting with your PEXA Direct Specialist today who will talk you through how to do the Consent. cheers Belinda

BelindaLeFevre · ‎24-09-2018

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.

BelindaLeFevre · ‎21-09-2018

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

BelindaLeFevre · ‎17-09-2018

Hi @Cathie, I've done some investigating to get to the bottom of this issue. An incoming mortgagee would normally create the consent in the case of a standalone mortgage or refinance. This is partly due to the fact that a person would not be able to complete their own consent on PEXA and normally not represented by a practitioner for these types of transactions. In this case the individual would provide the paper CT to the incoming mortgagee in order to create the consent. On the surface, it seemed more appropriate for the practitioner representing the purchaser to consent to a mortgage being placed over the property of their client. However in practice, this might not make sense from a banks perspective and would require a different set of processes depending on the parties involved. So based on that, I think your bank was quite right to retain the CT and create the consent themselves. Apologies for the differing response on this one. I've discussed this with ORG who have come to the same conclusion also. Happy transacting and thank you for raising such an interesting issue! cheers Belinda

BelindaLeFevre · ‎14-09-2018

Hi @Cathie, Great question! Technically no, the incoming mortgagee does not have right to deal as they are not on title. I would think that the more appropriate way to do this transaction in PEXA would be for you to create the consent on behalf of the client as the client is still on title with right to deal. Assuming bank would then place a mortgage over that title in the workspace. Of course you will need to get the title back off the incoming mortgagee to facilitate that. For further clarification, you might like to contact ORG such as @DavidMcDowell-NSWORG. cheers Belinda

BelindaLeFevre · ‎04-09-2018

Wow - a great session! Thank you fellow community members for spending time with us today to clarify your Bulk Conversion queries. As always, we will continue to source responses and posts should there be further questions on Community about this topic. Over and out from Robert, Angeline, Cliff, David, Gayle and Belinda!

BelindaLeFevre · ‎04-09-2018

Hi @Dalton1, Great question. Are you interested in the timing of consent for paper transactions or PEXA transactions?

BelindaLeFevre · ‎04-09-2018

Good morning Community, Ready to receive your questions about Conversion of titles. I have representatives from Office of the Registrar General and NSWLRS at the ready, as well as our banking team. Please send your queries through!

BelindaLeFevre · ‎29-08-2018

NSW LRS Announce additional fees NSW LRS have announced they will be charging additional lodgment fees in certain scenarios. Where additional fees apply, the practitioner will be invoiced post settlement. Please note: The additional fees will not be populated in PEXA or collected by PEXA. The standard lodgment fees will still be populated in the Financial Settlement Schedule as per usual, via the Lodgment Verification Process. The new fee arrangements can be reviewed on the NSW LRS website here. Please take a moment to review them to ensure you and your client understand the new arrangements. cheers Belinda EM, Government Relations

BelindaLeFevre · ‎29-08-2018

Great @Aoife, looking forward to the session on Tuesday. Will be joined by members of ORG: @DavidMcDowell-NSWORG @RobertGoncalves-NSWORG @GayleMcKnight-NSWORG @AngelineAntony-NSWORG and Cliff Wally from NSWLRS

BelindaLeFevre · ‎23-08-2018

@Paulapexa - might be cheaper than the wash-up of a fraud, and potentially cheaper than a requisition fee from LRS! All jokes aside, how would you like to see the functionality work? There are a couple of ways to skin the cat: Have a field in PEXA to enter the PoA registration reference and have that verify as a valid reference; or Verify the reference but also verify the name matches on the PoA registered at LRS Bot of these items would take development effort on both LRS and PEXA side so I guess it's a matter of weighing up the time and cost vs the level of risk and frequency of transaction. As we purchase the data we populate in the workspace from the land registry (which makes up a large portion of the PEXA fees), we could assume there might be a cost associated with this data element from LRS as well. What are your thoughts?

BelindaLeFevre · ‎23-08-2018

Hi @FelicityElias, You may process your stamping well in advance, and in fact, at least 2 weeks prior to settlement is a good idea if you are stamping via an agent and intend to pay via the agent as well. This is because it can take time for the agent to post the cheque to State Revenue and for State Revenue to receipt the cheque against the correct reference. This activity has to occur before you can settle in PEXA. If you are intending to pay via PEXA, excellent. Once this is selected in the eDR assessment and the assessment number is linked up with the PEXA workspace, State Revenue know when the property is settling and hence when they will receive the payment via the PEXA platform. This in turn alleviates the debt falling due in your weekly return. So feel free to stamp as early as you like, and enter the details in the PEXA workspace. cheers Belinda

BelindaLeFevre · ‎09-08-2018

Hi @johnjohnson, Correct. Simply create the CoRD Holder Consent again with all of the details, and it will supersede the old Consent. cheers Belinda

BelindaLeFevre · ‎09-08-2018

Hi @Jason, Good news - even though it is only possible to select one of the owners in the PEXA interface, in fact, both owners will be served on documents. I confirmed this again this morning with the Registrar General's office. cheers Belinda

BelindaLeFevre · ‎27-07-2018

Hi @Nien, You may pay the cheque to Revenue NSW and still settle on PEXA. However, to do so, the cheque would need to be received by Revenue NSW, receipted into their systems and applied to the appropriate client. This can take more than a week to cater for postage and processing. So the question is, how long until settlement? If settlement is less than two weeks away, I would not risk it, as you will not be able to settle until the money is either receipted at Revenue NSW, or accounted for in the PEXA workspace by way of a financial settlement schedule line item. cheers Belinda

BelindaLeFevre · ‎26-06-2018

Hi @SalamanderConveyancing, Yes I am aware only one title shows on screen, but I'm told that NSWLRS do receive the full list of titles in the transaction for the Notice of Sale (NoS). Therefore, no need to create another (NoS), proceed as normal. cheers Belinda

BelindaLeFevre · ‎26-06-2018

Hi @TheDoctor, We are work-shopping this one for a solution. Will report back shortly. cheers Belinda

BelindaLeFevre · ‎26-06-2018

Hi @coofitz, Where there is no incoming mortgagee in a transaction, the purchaser will receive a paper title. The Office of the Registrar General will announce when this will change (probably sometime next year). So a consumer will continue to receive a paper title at this stage. cheers Belinda

BelindaLeFevre · ‎26-06-2018

Hi @TheDoctor, Great question. Have you tried using the Linked Lodgement capability in PEXA? As a financial institution you can link the standalone discharge workspace and the transfer workspace to enable them both to be lodged. Whilst the lodging of both workspaces is not simultaneous (there is no concept of simultaneous lodgement at the land registry end), the standalone discharge lodgement would be dependent on the success of the transfer workspace. As lodgement verification has taken place on all documents prior to settlement, there is confidence in both workspaces lodging without incident. You might like to workshop this with your account manager @AvinaAl. cheers Belinda

BelindaLeFevre · ‎22-06-2018

The Office of the Registrar General (ORG) have published a list of waivers and a circular with regard to the 1 July mandate in NSW. Check them out: Waivers Circular For further clarifications please contact the ORG org-econveyancing@finance.nsw.gov.au

BelindaLeFevre · ‎06-06-2018

Hi Frances, As the discharge was dated in 2016, my understanding is you will still be able to lodge this at NSWLRS in paper. The mandate for 1 July is about lodging standalone transfers - ie any transfers where there are no incoming or outgoing mortgagee or other dealings, must be lodged electronically. As you will be lodging the transfer and a discharge, you will be able to complete this transaction in paper. cheers Belinda

BelindaLeFevre · ‎05-06-2018

@DavidMcDowell-NSWORG are you able to comment?

BelindaLeFevre · ‎04-06-2018

Hi @BGoodwin, Quick correction - the email address for NSWLRS is: econveyancingNSW@NSWLRS.com.au cheers Belinda

BelindaLeFevre · ‎04-06-2018

Hi @Paulapexa, Transactions under PoA can now be completed in NSW. This change in scope occurred around March 2017 when LPI (now NSWLRS) ceased to require the PoA details to be lodged and registered. @Paulapexa wrote: Can you sign under POA on PEXA now? (NSW) and considering that the Transfer is signed off by the Solicitor acting - I assume it still needs to be registered with Land Titles? Even though the POA clause won't be stipulated? cheers Belinda

BelindaLeFevre · ‎31-05-2018

Dear ORG, A question I have received in the market is: "do private mortgages (eg between parent and child) fall under the non-ADI mandate (1 july 2018)?

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