PEXA is pleased to present PEXA Major Release 14.0.0, scheduled for business go live 10 May 2021.
Key Highlights
Part Tenancy Transfer (QLD)
Additional Consideration Types in a Transfer (QLD)
Auto calculation of vendor surplus for Mortgagees on Title (in pilot)
Other Highlights
Settlement Summary enhancements (ESS enabled Workspaces)
Address Lookup (WA)
PEXA Key account details included in Vendor Surplus (ALL)
Displaying last 4 digits of vendor surplus account (ALL)
Displaying your PEXA Subscriber ID (ALL)
Email Notification Enhancement (ALL)
Deleting User Roles (ALL)
Dealing Numbers on Document screen (ALL)
Invitation enhancement – Client name visibility (ALL)
Add new Workspace Withdrawal Reason (ALL)
Fixed positioning for Left navigation menu(ALL)
Panel Master Auto-representation(ALL)
PEXA Major Release 14.0.0
Part Tenancy Transfer (QLD)
You can now create and process a Part Tenancy Transfer for properties in QLD.
A Part Tenancy Transfer is used for a change in tenancy where at least one Proprietor on Title is remaining on title.
When creating a Transfer, you will now see a new section called “Part Tenancy Details”.
If a Proprietor on Title is staying on title, select the option of ‘Yes’. The fields and sections on the screen dynamically change to support the partial transfer.
(Referencing PEXA)
Additional Consideration Types in a Transfer (QLD)
Working with the QLD Land Registry and QLD OSR to assist members with self-assessable dutiable transactions, PEXA has extended the Consideration Types options in a Transfer document. The full list of consideration types are listed below (bold indicates the new options):
Agreement under the part VIIIAB Family Law Act
Assumption of Liability under Mortgage
Death and Appointment of a Trustee
Desire to change tenancy
Discharge and Appointment of a Trustee
Financial Agreement under the part VIIIA of the Family Law Act 1975
Gift
Monetary consideration
Natural Love and affection
Pursuant to a Clause in the Trust Deed
Pursuant to a Family Law Act order
Pursuant to the Rules of Intestacy
Pursuant to the Terms of a Will
Retirement and Appointment of a Trustee
Severance of Joint Tenancy Pursuant to s59 of Land Title Act*
Note: * The ‘Severance of Joint Tenancy Pursuant to s59 of Land Title Act’ Consideration Type will only apply for Part Tenancy Transfers (Transfer of Share), which will be introduced in a future PEXA Release.
(Note: The ‘Severance of Joint Tenancy Pursuant to s59 of Land Title Act’ Consideration Type will only apply for Part Tenancy Transfers.)
This will extend the scope of self-assessable dutiable transactions to lodge electronically through the PEXA Platform.
Learn more
(Referencing PEXA LS2-13208)
Auto Calculation of vendor surplus for Mortgagees on Title (in pilot)
The introduction of auto calculation of vendor surplus in the Settlement Summary screen is aimed to alleviate re-work due to changes on the day of settlement for the Mortgagee on Title when they are handling the vendor’s surplus funds. This is currently in pilot with a select group of members.
Learn more
(Referencing PEXA AXL-1549)
Settlement Summary enhancements (ESS enabled Workspaces)
We’re constantly updating the financial settlement summary based on your feedback. For this release, we’ve streamlined the Unallocated Funds section of the screen.
Note: You must have the Enhanced Settlement Summary enabled first. If you haven’t enabled this yet, then please contact your PEXA representative.
unallocated funds
Learn more
(Referencing PEXA AXL-2232)
Address Lookup (WA)
We’ve extended the Address Lookup service to WA to include the Party screen and select documents that require an address.
With Address Lookup, the Address field automatically populates and refines as you type, allowing you to search for a valid address quickly and efficiently without having to type in the full address.
In addition, we have updated the Add Address and Edit buttons by replacing the text buttons with icons and aligning the buttons next to the Address field.
(Referencing PEXA FS-8742)
PEXA Key account details included in Vendor Surplus (ALL)
If you’re representing the Proprietor on Title and your client has provided account details via PEXA Key (i.e. PEXA Key request has acknowledged status on adjustments and payments screen) then we’ve streamlined the process and you can now use the ‘Update Vendor Surplus’ button on the enhanced settlement summary to create/update a vendor surplus line item instead of manually creating the line item in the Adjustments and Payments screen.
(Referencing PEXA AXL-2274)
Displaying last 4 digits of vendor surplus account (ALL)
To allow Banks (Mortgagee on Title) and Practitioners representing the Proprietor on Tile to quickly check the vendor surplus account details are correct, we are now displaying the "last four digits" of the Vendors Surplus account in the enhanced settlement summary when the auto calculation feature is active. The account details will display if the Mortgagee on Title is handling surplus and the category of "Customer Account" is being used for the Vendors Funds line item that is auto calculating.
(Referencing PEXA)
Displaying your PEXA Subscriber ID (ALL)
Your Subscriber ID is required when completing some PEXA forms as well as when setting up duty for some jurisdictions. Your PEXA Subscriber ID can now viewed in either: Administrator Tools > Manage Subscriber Details page if you are a Subscriber Manager, or the Profile Settings page for all other user types.
(Referencing LS3- 6165)
Email Notification Enhancement (ALL)
When preparing an email Notification for your Workspace, you must first select a template before entering your email text. This helps ensure your entry is not lost when trying to save the notification.
(Referencing LS3- 6169)
Deleting User Roles (ALL)
We are now making it easier to delete user roles. Any role can be deleted, even if it is listed as a default role. One workspace role will always be required to be in the workspace, so ensure to add a new role before deleted a role that is no longer required.
(Referencing LS3-6172)
Dealing Numbers on Document screen (ALL)
To assist with creating withdrawal documents in PEXA, the dealing number for the instrument you are withdrawing is displayed beside the Withdrawal document you have prepared on the Documents screen. This will assist you to easily identify and track which documents you have created without the need to ‘Edit’ the document.
(Referencing LS3-6178)
Invitation enhancement – Client name visibility (ALL)
When you are invited to a Workspace, the party who has invited you will add your client name to the invitation. From the Invitations screen the client name will now be available for you to see, making it easier for you to identify which transaction the invitation relates to. Click the arrow beside the ‘Sender’ name to expand the invitation request and locate the client name.
(Referencing LS3-6180)
Add new Workspace Withdrawal Reason (ALL)
When withdrawing from a Workspace, a reason for withdrawing is required to be selected. We’ve added a reason type of ‘Matter no longer proceeding’ to make the reason clearer for all workspace participants.
(Referencing LS3-6184)
Fixed positioning for Left navigation menu (ALL)
To make it easier to identify what screen you are looking at in your PEXA Workspace, the left navigation menu will now have a fixed position on the screen when scrolling up or down the page.
(Referencing LS3-6186)
Panel Master Auto-representation (ALL)
We are improving the way our Panel Members create a Mortgage or Discharge of Mortgage in a new Workspace. When creating a workspace in the role of Incoming Mortgagee or Mortgagee on Title, the new field, Panel Master will now display on the Create New Workspace screen. This will allow you to select the Panel Master you represent in the transaction and automatically represent the party. This means as a Panel Member you will no longer need to represent the Panel Master, you can move straight to the documents screen to create the instrument.
(Referencing LS1-7372)
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