About LaurenFraney

  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

Thanks to ongoing feedback from our members, PEXA is able to provide tips in the platform to help our QLD members. Here are some of our newest top tips for managing your workspace:-   When a Proprietor on Title or Incoming Proprietor is “as Trustee”: Proprietor on Title: The Trust Name for the Proprietor on Title in the Participants screen must exactly match OSR QLD’s records.   It also needs to be correctly updated before the Incoming Proprietor’s representative can attend to stamping.  PEXA has now included a pop up to remind the parties: **Member Tip: Some of our members recommend referring to the OSR Qld Land Tax search to review the Trust Name.   Incoming Proprietor: When you have an Incoming Proprietor purchasing “as Trustee”, you do not insert the details of the Trust in the Participant screen.  You only complete the Trustee details.   Always complete the details of the Trust in the Transfer in the Documents screen.  PEXA has added a banner in the Participant screen to support members: You can see more information about QLD Transfers when “as Trustee” here.   Workspace Creation – Request land title data: When you create a workspace, you can choose to pull the land title data into the workspace later if you know there are going to be changes to the title prior to settlement/lodgement.   Request land title data “Now” is automatically selected and should only be changed to “Later” in some circumstances (eg. If the title is subject to a subdivision, if the title is subject to a Record of Death etc.). Form 24B: When you are representing a Proprietor on Title, their street address must be inserted into the Transfer in the Documents screen before the Form 24B can move to “Prepared”.   The Incoming Proprietor’s representative cannot attend to stamping until the Sellers’ address has been inserted in the Transfer, as it is a mandatory OSR field.   To support our members, PEXA has inserted a banner in the documents screen: Total Funds Required to Settle: Prompt completion of the Total Funds Required to Settle field helps the Financial Institutions prepare for settlement.   To meet the Transfer Guidelines, we strongly recommend completing the Total Funds Required to Settle as early as possible and to support our busy members, PEXA has included a pop up reminder: You can review the Transfer Guidelines here for more information.   You can also review the Bank’s Transfer Checklists here.   Duty Verification & Lodgement Instructions: After the first successful Stamp Duty Verification comes through in Transfer Duty screen, the Incoming Proprietor representative must return to the Documents screen to check if Lodgement Instructions are in preparation and edit/save if needed:- You can find more information about QLD stamping here.       ... View more

To help those who need to prepare a workspace with an Incoming Proprietor who is purchasing “as Trustee”, here is an easy to follow guide:-   Create your workspace in the role of Incoming Proprietor (you can find out Transfer Help Card here ); In the Participants screen, only complete the details of the Trustee/s and do not insert the details of the Trust. Create the Transfer in the documents screen and when you get to the question “Are any proprietor groups in this document acting as Trustee?”, select Yes:   Once you select Yes, you will be able to select which party/ies are acting “as Trustee” and then complete an electronic version of the Form 20 Trust Details Form:-                For more information on completion Form 20 TDT, refer to the Land Titles Practice manual here .   Once stamping has been completed and the documents are in a “Prepared” status, you will be able to view the electronic Form 20 Trust Details Form, which immediately follows when you View Transfer in the Documents screen. ... View more

PEXA’s Qld Team recently challenged each other to get active by walking 1000km as a team in the month of May to support Cancer Council Australia in their mission for a cancer free future.   I am extremely proud to let you know that PEXA’s QLD Team successfully walked 1060km and raised $2,010.00 for Cancer Council!    We want to thank all of our wonderful Members and Supporters for their generous donations towards this very worthy cause!  You are helping to save lives.   Here’s some pictures from our travels:     If you wish to support Cancer Council in their mission for a cancer free future, you can do so here.   #DoItForCancer #TogetherApart   @SimonH @Hayley2 @rukshanas @Rimmy_Walia @emmapaton @tamaragrant @leahmilne1 @cheryldixon @Morvanna @helene @Jess_Caire    ... View more