About LaurenFraney

Please see below message from the Office of State Revenue:-   When you’re assessing a contract for the sale of land and the transaction is going to settle electronically, you must lodge the transaction in OSR Online by the later of: 60 days from the contract date; or 30 days from the unconditional date of the contract (see the Public Ruling for guidance as to when you can enter an unconditional date in OSR Online) To get the benefit of this lodgement timeframe, you must select ‘Relevant transfer agreement (s. 156D)’ from the ‘Type of dutiable transaction’ drop-down menu in OSR Online – if you don’t, you may incur unpaid tax interest (UTI). You can also select ‘Relevant transfer agreement (s. 156D)’ for a transaction that is not settling electronically. Find out more about lodging and paying transfer duty with electronic conveyancing. ... View more

We have today been notified that the Title Registry will be implementing new look searches and notices from 22 March 2021:-   With improved formatting, the information on the updated searches and notices is shown in an easy-to-read, user-friendly style with the important details highlighted. This is further enhanced in the electronic PDF versions, which will be provided in colour.  The enhanced searches and notices include: •           Title Searches (current and historical) and other searches •           Requisition Notices •           Extension and Rejection Notices •           Registration Confirmation Statements •           Lodgement Summary Reports •           Tax Invoice/Receipts. It should be noted that the old format searches may still be produced by some providers and are acceptable. To find out more about these changes please refer to Titles Registry searches and notices Fact Sheet.pdf   ... View more

PEXA recently hosted a webinar about the Enhanced Settlement Summary, for both Incoming Proprietors and Proprietors on Title.    You can review the recording for the webinar here.   For FAQs and more information about PEXA’s Enhanced Settlement Summary you can view our Community Link - PEXA's Enhanced Settlement Summary.   Please reach out to your Specialist for information on how to opt in early. ... View more

OSR has identified a temporary fix for clients experiencing an issue with invalid dates in OSR Online. Please watch this short video, which explains how to change your language settings in Google Chrome. Once you have changed your language settings, enter the date in the format DD/MM/YYYY. If you continue to experience the issue in a date field after changing your settings, please send an email to selfassessment@treasury.qld.gov.au. ... View more

  It was a pleasure to work with Will from Rivercity Legal on this Queensland member video that outlines how easy it is to onboard to PEXA. It’s a great resource for firms in your network who are yet to transition.     There are 3 simple ways to share:   Make a link in your email signature Share on social media Share with firms who aren’t yet on PEXA ... View more

One of the most critical steps in the PEXA settlement process is ensuring the Financial Settlement Schedule (FSS) is balanced and correct, ahead of time. This is one of the biggest contributing factors to a successful on-time settlement. These webinars will introduce members to a new summary screen, providing improved transparency of key responsibilities in the Workspace for all parties. The webinars will also demonstrate the enhancements to task indication and calculating both Vendor Surplus and Shortfall for the Total Funds Required to settle.   Click here to Register for your preferred session. ... View more

Recent feedback from DNRME has prompted this friendly reminder in regards to correct legal names.   Please always ensure that the correct legal names are entered when using PEXA. In the event your client is an individual with only a given or a surname, please note these transactions are unable to be lodged via PEXA at this time and symbols must not be included in the name fields.     ... View more

The wonderful team at Priala Legal recently graduated to become PEXA Certified members and the firm’s Principal, Despina Priala, took some time recently to share what this recognition means to the Priala Legal team, for today’s In Conversation with Priala Legal:   What does being PEXA Certified mean to you?   It sets us apart from everyone else who has yet to reach this milestone.   It means, that the team at Priala Legal, have dedicated themselves to not only proactively continuing to be PEXA users on a daily basis, we are also seen as positive role models as a PEXA subscriber and active user for other firms to jump on board and make that change. As a collective, we can make change happen. And be better for it. Change is an evolutionary matter that we should embrace and not discard because it is easier to do so.   Being a small boutique firm to reach this milestone speaks volumes and enhances our credibility in the property world as legal representatives of property players in Qld and NSW.     Describe your journey to certification on PEXA   The journey has not been without opposition, confrontation and an instinctive undesirability for change.   However, at Priala Legal we have always aspired to think ahead, be at the forefront and continue to evolve as and when required. Law Firms need to adapt with technological changes (which have been vast in my 25 years in practice), whilst maintaining the core ethics and values as lawyers that sets us apart from every other profession on the planet.   Resistance was formed within our practice originally more than 18 months ago. However, once we took that leap of faith, that giant step to move forward in our practice, we have never looked back. We enjoy the benefits of using PEXA for property transactions and appreciate the opportunity to educate our clients in utilising PEXA and the benefits for them.   We look forward to PEXA evolving to incorporate other products for our practice such as leases, retirement villages, manufactured home park sale agreements and the like.   We will continue to be an ambassador for PEXA on our journey with PEXA for the future.   ... View more

The team at Affinity Lawyers recently surpassed 150 Queensland settlements completed through the PEXA platform and the team also recently graduated the PEXA Certified program!  Such a fantastic milestone and wonderful achievement for the team.   The Northern Gold Coast firm prides itself in providing uncompromised attention to the needs and interests of their clients and also commits to the delivery of cost effective and strategic legal solutions.  Affinity Lawyers’ early adoption of PEXA has supported their drive for efficiency and growth.   Congratulations again to the Affinity Lawyers Team!     ... View more

To support our members' transition to digital, we recently hosted some QLD Transfer 101 webinars, covering the steps required to be taken when representing both an Incoming Proprietor (Buyer) and also a Proprietor on Title (Seller).   We received a lot of great feedback from our members on the sessions and are happy to share with you the links for the recordings below, so you can view them at your convenience:   Queensland Transfers 101 – Representing the Incoming Proprietor (Buyer):  Watch the recording here.   Queensland Transfers 101 – Representing the Proprietor on Title (Seller):   Watch the recording here.   You can view all of PEXA's available webinar recordings here. ... View more