About GeorgePolus

Hi all,   I just learned from NSW LRS that they have determined not to build the capability to consume PEXA attachments for Caveators / Minsters Consent in August as they had previously advised.     Therefore, the procedure I outlined above re: sending Caveators / Ministers Consent will prevail for now, and I expect at least until Feb 2020.   If NSW LRS defer beyond Feb 2020, I will let you know.    Regards, George     ... View more

Hi Tara   Please click here to be directed to the Community response I wrote earlier today.    Please let me @GeorgePolus know if the procedure documented in the post is not what you are looking for.   Regards, George ... View more

Hi Simone and Melanie,   I spoke again with NSW LRS this morning.      We discussed the physical lodgement of the Caveators / Ministers consent and NSW LRS agreed that this is a difficult and costly process for members.  Most particularly, members who are remote from Sydney CBD.    Consequently, NSW LRS have agreed to allow Caveators / Ministers consent to be sent by email.   Below are details of the procedure.   This procedure will remain in place until NSW LRS enable consumption of attachments from the PEXA workspace which NSW LRS currently plan for August 2019.    Prepare and lodge the dealing requiring Cavaeators / Ministers Consent via the PEXA workspace. Once the dealing is accepted for lodgement, navigate to the PEXA Documents screen.  Locate and record the Dealing Number of the dealing requiring Caveators / Ministers Consent by expanding the row of the dealing.  Locate and record the Lodgement Case ID by expanding the Lodgement Instructions row. Attach a PDF copy, ensuring the PDF is not password protected, to an email addressed to:  econveyacingnsw@nswlrs.com.au.    Be sure to quote the Lodgement Case ID and Dealing Number in both the Subject Line and body of the email. In the body of the email add a line requesting that the attached Caveators / Ministers Consent be attached to Dealing Number xxx in Lodgement Case ID xxx.   Please let me @GeorgePolus know if you have more questions   Regards George    ... View more

Hi Melanie,   Per my post to Simone just a moment ago, once NSW LRS enable the capability, you will be able to attach (via the PEXA Attachments functionality) an image of the Caveators Consent to almost any Dealing Type in for NSW via PEXA.   There will be no need for a special role.   Today, (and I double checked with NSW LRS on this today) you may still Lodge dealings subject to Caveators / Minsters Consent in PEXA.   But, you must then physically lodge (via paper) the Caveators Consent over the counter at NSW LRS and have NSW LRS match the Consent to the electronic lodgement case.   Per standard procedures, NSW LRS will requisition an electronic lodgement case requiring Caveators / Minsters Consent lodged without such Consent .  However,  provided, when you lodge the paper Caveators Consent letter / Ministers Consent, it is explained to the NSW LRS representative that you were unable to attach the Caveators Consent to the electronic lodgement, then NSW LRS will waive any requisition fee.    Also - per post to Simone, I expect to learn from NSW LRS this week that they will build the capability to consume Caveators / Ministers consent attachments from PEXA from August 2019.      Please let me @GeorgePolus  know if you have more questions.    Regards, George   ... View more

Hi Simone,   I specifically double checked with NSW LRS today for you on this particular question.     Today, if a dealing requires a Caveators or Ministers consent in order to register, NSW LRS will allow the dealing to be lodged in PEXA.    However, the Dealing(s) will not Register until the Caveators / Ministers Consent is physically lodged (via paper) to NSW LRS. NSW LRS also said that as part of standard procedure they would requisition electronic dealings lodged (those requiring Caveators/Minsters Consent) without receipt of the physical consent.  However,  NSW LRS stated that, provided  the paper Caveators / Ministers consent is lodged over the counter at NSW LRS and the party lodging the paper consent over the counter explains that reason the paper consent was not submitted electronically is because this capability is not yet enabled, then NSW LRS would waive the requisition fee.    So when will members be enabled to submit Caveators Consent / Ministers consent via PEXA?  Subject to NSW LRS agreement, this feature will be enabled in PEXA August, 2019.  (I will be able to confirm later this week once NSW LRS advise me). From a PEXA standpoint, lodging electronic dealings with images of physical attachments is existing PEXA  functionality.   NSW LRS need to enable the ability to consume attachments uploaded to PEXA.  NSW LRS already have the capability to consume  some attachments for some Document Types lodged via PEXA.  What NSW LRS need to enable is the processes to deal with Caveator/Ministers consent attachments for almost all Document Types .  This is what is taking the time and effort on NSW LRS behalf.   Please let me @GeorgePolus know if you have more questions.    Regards, George   ... View more

Hi Brett,   NSW LRS are yet to confirm that they will be enabled to consume Misters Consent and Caveators Consent attachments via electronic lodgement.   Subject to NSW LRS confirmation this capability will be enabled in NSW in August 2019.  Please note- NSW LRS have previously advised that they will confirm capabilities that they will deliver for August 2019 to me during this current week.   Please let me @GeorgePolus   know if you have more questions.   Regards, George   ... View more

Hi Lisa,   In VIC, Transfer of a Lease Interest requires Duty Assessment.   At present, transfer of dutiable interests is not enabled in VIC.  At this time I do not have a planned release date for this capability,   Please let me @GeorgePolus know if you have more questions.    Regards, George ... View more

Hi Jess   In VIC the OSR have commenced issuing BPay references on Land Tax statements.   This means that Land Tax in VIC may be remitted via the PEXA BPay capability.   You can do this today.   However you wil be required to manually enter the BPay biller ID as well as the Payment Ref.     Shortly,  PEXA will create a dedicated Line Item category for payment of VIC Land Tax.  PEXA will then pre-populate the VIC SRO biller ID and provide validation on the Payment Ref that accords with the rules BPay assign to VIC SRO.    Please let me @GeorgePolus  know if you have questions.   Regards, George ... View more

Hi Marcus,    Nick is correct about details appearing on title.   In addition, when PEXA receives land title data into the workspace from the Land Registry, PEXA immediately initiates a Title Activity Check (TAC) seeking for notification from the Land Registry of activity on title for the interval; Date of Registry Information receipt less 60 calendar days.    If activity on title is detected, the Title Activity segment at the bottom of the Land Title data screen will show that a Positive TAC has been received.   From here, the user may navigate to identify: The nature of the activity on title - Dealing lodged, Dealing registered etc. Date and time of activity Dealing type. PEXA always then allows for Information Re-supply which refreshes land title data.    Please let me @GeorgePolus know if you have more questions or if you believe you have identified an issue.    Regards, George  ... View more

Hi Lyn,   PEXA has the capability to capture supporting documents such as a Ministers Consent via the PEXA Document Hub.  You may be familiar with this capability for the National Mortgage in NSW.   NSW LRS currently have it on their road map to enable receipt, and processing, of attachments (supporting evidence such as Ministers Consent) for Transfers in Aug 2019.   Until NSW LRS have enabled this capability, such dealings will have to be lodged in paper.    Please let me @GeorgePolus  know if you have more questions.  Regards, George ... View more

Hi Vanessa   Not yet I am afraid.   NSW LRS is yet to build the capability on their end to accept electronic Surrender of Lease.   Current plan is to have this capability enabled at NSW LRS by mid 2020.   PEXA will then be able to lodge Surrender of Lease in NSW.   On a more positive note, NSW LRS will commence passing interests in land (other than Mortgage) to PEXA as part of Land Title data from August 2019.   This will enable creation of sub-leases in PEXA .   Also, PEXA will be enabled to transfer interests.   Please let me @GeorgePolus  know if you have more questions.    Regards, George ... View more

Hi Megan   Apologies up front if I have misunderstood.     At present, NSW LRS does not pass Lease Interests to PEXA as part of Registry Information.   This gap will be rectified as part of R10.1 (Aug 2018) when NSW LRS update their platform to pass this data to PEXA.   Consequently,  even though PEXA currently has the capability to Discharge a Lease, PEXA is not being provided the Lease in order to be able to Discharge it.   As I understand the scenario, you need to Discharge the old lease and register a new lease.    In short, today in PEXA you will be able to register the new lease.   But you will have to revert to paper to Discharge the old Lease.    Please let me @GeorgePolus  know if I have misunderstood.   Regards, George ... View more

Hi Emily,   Yes - there ought be no reason why you cannot Transfer land in PEXA where the PoT is in Capacity as Trustee in Bankruptcy.   PLEASE NOTE:  In the past, LUV sent PEXA an indicator on some titles which caused PEXA to highlight and communicate that a title is valid for all dealing types except Transfer of Land.    Please let me know if, for the title you  are dealing with, this message appears.   I will need to ask LUV to remove the indicator from the title.      Please let me @GeorgePolus  know how you go.  Regards George     ... View more

Hi Di,   I am afraid that the Adjustments Calculator in the FSS does not accommodate workspaces having multiple transfers.   As you point out, the 'Statement of Settlement' captures consideration from the first transfer in the workspace and PEXA does not have, at the moment, an option for you to add consideration for additional Trasnfers in the workspace.     Unfortunately, this is a gap in the PEXA FSS Adjustments product at present.   That said, while not ideal, this issue will not prevent you from completing the two transfers in a single workspace.      May I suggest that you communicate to transaction stakeholders using the FSS Adjustments panel that the 'Statement of Settlement' in the FSS Adjustments screen should be ignored for this worksapce.   NOTE:  Check with transaction stakeholders first as use of the FSS Adjustments Calculator is a configuration option and may not be used by all stakeholders in the workspace.      Once impacted stakeholders have been advised, enter adjustment line items for both transfers in the Payment Directions (Purchaser) panel.   For transparency, you will need to communicate the Statement of Adjustments to affected workspace stakeholders - perhaps by upload into the 'Files' panel from the Left Hand Menu.       I recognise that the FSS Adjustments Calculator does not support the (reasonably common) scenario you have presented.    We are working on FSS enhancements in 2019.  I will do all I can to prioritise work to address this gap.      Thank you for raising the matter directly with me.   Your feedback is greatly appreciated.  I look forward to being able to advise you later in the year that we have made updates to improve your PEXA experience in this regard.    Thank you  George     ... View more

Hi Georgina,   Yes this transaction may most certainly be completed in PEXA.    In short, the NSW Registrar no longer requires the Transfer to note the encumbrance which is to remain on title.     What will be required is for the CoRD Holder (the first Mortgagee in this case) to create a Third Party Consent to the Transfer dealing in the PEXA  workspace.   Therefore, you will need to create the Transfer from (A+B) to A.  Once you have done so, invite the first Mortgagee into the workspace in the role of Consenter.    The first Mortgagee, following entry to the worksapce will create the Third Party CoRD Consent.    Make sure to communicate the requirement to the bank, else they may mistake the transaction for a DTM and start looking for a Discharge Authority.    Please let me @GeorgePolus know if you have more questions.    Regards, George ... View more

Hi Catherine,   There is no difference between PEXA and the  old paper method to complete a transfer of land from a transferor as LPR to a transferee.   This is a regular transfer transaction.    If the transferor as Executor (LPR)  is also the beneficiary, then when completing the transfer in PEXA make sure to select the Trasnferor Party as the Transferee party in the Transfer document.   This will show VIC SRO that the Transferor and Transferee are indeed the same party.   If you do not do this VIC SRO will assume the transferor and transferee are different individuals (even though they share the same name) and will look to charge duty.   Please let me @GeorgePolus know if you have more questions.    Regards, George ... View more

Hi Lindsay,   Caveators Consent and Ministers Consent are in the NSW Road Map for R10 - May 2019.  PEXA has the capability to allow users to upload and attach to docs.  NSW LRS do not yet have the capability to consume these attachments.    However, NSW LRS have advised they are looking to focus upon internal development in 2019, so I cannot assure you that NSW LRS will retain these items for R10.     Perhaps check with me in Jan and I will have more info.  ... View more

Hi Mandy   The ability to create and lodge a Lease in NSW will be available in PEXA from Dec 10, 2018 as part of PEXA Release 9.0.1.   Unfortunately, electronic surrender of lease, or lodgement of sub-lease will not be available until mid 2019, because PEXA will not receive Lease information in Land Title Data from NSW LRS until mid 2019.       Please let me @GeorgePolus know if you have more questions.   Regards George ... View more

Hi Casey,   I am not entirely clear on your question, so please allow me to confirm.   Are you saying you attempted to lodge in paper and the dealing was rejected by LUV because it should have been lodged electronically?   If so, then you will need to complete the dealing and lodgement via PEXA.  The Registrar will have made no record of the dealing on title.   If the rejected paper dealing was dutiable and has been stamped / duty paid, you will need to negotiate with VIC SRO to have the duty amount for the rejected dealing refunded.   If the PEXA transaction is dutiable, you will be required to pay duty via PEXA.   Please let me @GeorgePolus know if I have misunderstood your question.   Regards, George ... View more

Hi Jennifer,   I have spoken with senior representatives from Land Use VIC who have advised as follows:   ‘It is the responsibility of the practitioner to make arrangements to have cleared funds made available from the paper settlement to complete the PEXA transaction. These are matters of a financial nature that once known should be communicated with the financial institution concerned to establish an outcome that allows all transactions to be completed in the most efficient manner.'   If you have further commentary on the matter, please contact me @GeorgePolus via community.   Regards, George ... View more

Hi Jennifer,   I will take this up with LUV and get back to you.   Regards George ... View more

Hi Ashlee,   I have asked LUV for confirmation.  I will revert back as soon as I hear from LUV.   Regards, George ... View more