Our firm is very inconvenienced having to get funds transferred to trust to pay PEXA and registrations fees in the following examples of VIC transactions: 1. stand alone discharge of mortgage - the only fee is the registration fee. which usually we would pay from our office/general account and bill to client as a disbursement (much like when we register a caveat). However now we can only pay from source funds which is our trust account which means that the client has to (on VERY short notice) transfer payment to our trust account, wait for them to clear, which delays settlement, etc. A simpler option MUST be found. 2. stand alone transfer of land from husband to wife (or from wife to husband, or from wife to husband and wife etc. etc.) 3. transmissions and survivorships where mortgage on title.
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