About Aoife

That's a wrap everyone.   If you have any further questions, please continue to post here. Landgate, OSR and PEXA will be happy to answer them.   Kind regards   Aoife ... View more

Hi @ChrisB, thanks for your question. I hope the below answers your question. If not, happy to discuss further.   6.5.1(b)(ii) of the Model Participation Rules requires a Representative Subscriber (lawyer or conveyancer) acting on behalf of a mortgagee (financial institution), to take reasonable steps to VOI all mortgagors who are unrepresented, unless the Representative Subscriber is reasonably satisfied that the mortgagee has already done so. Under item 5, Schedule 3, the Rep Subscriber is then required to certify that it has taken reasonable steps to VOI the mortgagor or is reasonably satisfied that the mortgagee has done so.   Section 23(1) of the Electronic Conveyancing Act 2014 (WA) provides that the Registrar may determine rules relating to the use of an Electronic Lodgement Network (Participation Rules). As such, the rules you refer to are mandated by WA legislation.   Kind regards   Aoife ... View more

Landgate and PEXA answering your questions   ... View more

Hi all,    Daylight savings is upon us again, which means the following for our Western Australian Members:   From 7 October 2018, 1)            Settlement rebooking cut-off time will be 1pm (not 2pm as it is currently); and 2)            Settlements can be completed up to 3:30pm (as prior to 7 October).    Cheers Aoife ... View more

Hi all,   The SRO are also hosting webinars on 24 and 25 September 2018 on PEXA and Duties online.   Follow this link to register.   Cheers   Aoife   @PMcKee1 ... View more

Morning Community,   Land Use Victoria, SRO and PEXA are here to answer you questions. Feel free to post below.   Aoife ... View more

Hi @AngelaToler,   Thanks for your question! The Ask us Anything begins at 10am. @PaulMajor, @PMcKee1 and @JonTeh will have a look at your question and get back to you.   Cheers   Aoife ... View more

UPDATE: RBA RITS - Service Issue The Reserve Bank of Australia (RBA) has advised that it is working to resolve the reported power supply issue to the data centre at its head office. As a result of this issue, the RBA is likely to extend its processing times this evening. We are working with the RBA to settle as many Workspaces as possible. Accordingly, some Workspaces that have commenced settling or are scheduled to do so today, are expected to complete financial settlement progressively. Your settlement status will be reflected in PEXA. Lodgement Override   will allow financial settlement to commence for Workspaces that are in a ready status, in the event communication with the relevant Land Registry is unavailable.  One such circumstance is when financial settlement commences outside of the Land Registry’s standard operating hours, which may occur in some jurisdictions this evening. In these instances, lodgement of instruments will take place the next business day. Please refer to PEXA’s   Lodgement Gap   cover in the event a dealing is lodged on title between settlement and lodgement.   Kind regards    Aoife ... View more

In addition to the above, PEXA will be hosting an 'Ask us Anything' session with NSW LRS and NSW ORG about the conversion.   See here for more information.   Cheers   Aoife ... View more