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a week ago
We have just been advised by City West Water that from 1 March 2020 they will only accept Notices of Acquisition lodged through PEXA. Here is the wording of some of the email: While City West Water has continued to accept Notices of Acquisition in multiple formats, from 1 March 2020 City West Water will only accept Notices of Acquisition lodged via an ELN in native format. This means that the Notice of Acquisition must be sent to the City West Water in the same format created by the ELN – it cannot be changed in any way. This includes scanned copies, photocopies, photos of documents and any other format changes. Please note that as of 1 March 2020 City West Water will not accept notices of acquisition that are submitted outside of an ELN. Any notices of acquisition received after this date that are not received via an ELN will be returned to you for re-submission. I have two questions: 1. Some of the wording of their email seems to imply they will only accept NoAs received through PEXA, something which is not possible. Is the functionality for sending the NoA direct to the authorities something is being worked on? 2. The only way to fulfill their requirement for the NoA to be in the same format as on PEXA is to Print to PDF. This prints it with a Back button and URLs. Is there a possibility of having a direct PDF download like with the Settlement Completion Record in a more easily readable, more professional format?
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06-12-2019
05:21 PM
Windows is offering extended security updates for Windows 7 Professional and Enterprise for up to three years for critical and important updates. There's more information here: https://support.microsoft.com/en-us/help/4497181/lifecycle-faq-extended-security-updates Will using Windows 7 with the extended security updates still not be compliant with the policy?
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04-11-2019
12:22 PM
3 Likes
Thank you so much for 'Katrina's Solution'! I just had yet another bank today send a Conversation to all Workspace participants regarding our client's loan. I send a note through the Feedback tab every time this happens, but it looks like restricting the bank's ability to message particular parties is the only way to stop them.
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25-10-2019
02:20 PM
If both joint tenants are deceased, can we do just a Transmission, or do we have to do a Survivorship followed by a Transmission? I note on LUV's wesbite, the LPR guide (which related to the pre-PEXA paper forms) says that if both are deceased, you have to do a Transmission only.
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21-08-2019
05:11 PM
2 Likes
This is PEXA and the banks' response to the issue: https://community.pexa.com.au/t5/Bank-Blog/Clarification-on-Financial-Institution-Requests-for-copy-of/ba-p/14814 Basically, you can send the bank a screenshot of the transfer details and this should be sufficient.
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13-06-2019
10:55 AM
@JonTeh wrote: Can I manually change the settlement date submitted by SRO? The PEXA platform will not allow you to manually change the settlement date provided by the SRO to an earlier date. However, if for some reason the transaction rolls-over and does not settle on the predetermined date, there is a grace period of three business days. If the transaction doesn’t settle within these three business days, a new assessment will be required, and an additional 30 calendar days will be added to the transaction. So the only way we can settle on the contracted settlement date is to lodge documents with SRO for assessment exactly 30 days before the settlement date? What if that falls on a Sunday or a public holiday? That is completely illogical and unacceptable. This needs to be fixed before it goes live. I understand the need for documents to be lodged at least 30 days before settlement to give SRO time to complete their assessment, but we should not be penalised for getting the documents ready and uploaded 34+ days before settlement.
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07-06-2019
12:00 PM
1 like
Thank you for your reply Sonia, it's encouraging to hear that FI's are considering this issue and that this might be rectified shortly. In our case, it was two law firms acting for smaller lenders who changed the settlement date, one acting for Mortgagee on Title and one acting for Incoming Mortgagee. We haven't had this issue with the bigger banks.
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07-06-2019
10:21 AM
3 Likes
We've had two instances of mortgagees changing the settlement date on PEXA without discussing this with the parties first. If a mortgagee can't meet the settlement date, this is something they need to communicate with the vendor or purchaser's representative about. The settlement date is set by the Contract of Sale and any changes to it need to be negotiated between the vendor and the purchaser. I would suggest that in a Transfer workspace, that only the roles of Proprietor on Title and Incoming Proprietor should be allowed to change the settlement date. I note that this has been brought up previously with no comment from PEXA: https://community.pexa.com.au/t5/Ideas-and-Suggestions/Banks-changing-settlement-date/m-p/10260#M628
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- Tags:
- Settlement Date
17-04-2019
04:53 PM
1 like
Thanks so much @TJ! Can't wait to receive the chocolates, they look yummy!
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13-03-2019
09:12 AM
Thanks, George. I haven't seen a Land Tax Certificate with BPay details on it. Do you mean the land tax assessments that are sent to the owner by SRO?
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- Tags:
- land tax
12-03-2019
12:50 PM
3 Likes
Is there any update on SRO accepting land tax payments through PEXA?
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- Tags:
- land tax
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07-03-2019
08:49 AM
4 Likes
MSA and Gadens both have pages with links to discharge authorities. Here is MSA: http://www.msanational.com.au/discharge-forms.htm Here is Gadens: https://da.gadens.com/DischargeAuthorities Qudos used to be called Qantas Credit Union, so you should be able to use that discharge authority.
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01-02-2019
02:47 PM
2 Likes
Hi Jonathan, The Notice of Acquisition prints with the 'Back' button and 'Help' and 'Feedback' tabs visible. I would definitely suggest having it generate a proper PDF of the Notice of Acquisition, like PEXA does with the Settlement Completion Record. As it is currently, this isn't enough of a professional-looking format for us to use to send to the Council and Water Authority.
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