About Aoife

Hi Community,   From 1 May December 2018, Western Australia takes its next step towards 100% digital property settlements.   Below are some of your network’s frequently asked questions regarding the transition online. I will continue to add to the post as questions arise and we encourage you to ask your questions below.   WHAT Instruments are moving online from 1 May December 2018? - All combinations of transfer transactions in PEXA - Standalone transfers - Standalone caveats and withdrawal of caveats Please see Landgate Bulletin No. 289 for more information. WILL WE BE ABLE TO LODGE DOCUMENTS OUTSIDE OF LANDGATE'S BUSINESS HOURS? *No. Documents lodged in paper and electronically through PEXA will only be accepted during normal business hours. WHEN WILL LAND HELD IN CAPACITY OF EXECUTOR/ADMIN AND APPLICATIONS BY SURVIVOR BE POSSIBLE ONLINE? PEXA is currently working with Landgate and the Office of State Revenue to introduce these transactions into a future release and will provide further updates as they become available. WILL BANKWEST TRUST ACCOUNTS BE INTEGRATED BY 1 MAY December? David Morrissey, Bankwest’s Executive Manager of Digital Operations Strategy, recently announced the availability of Bankwest Trust Accounts to all customers. Click here to read the entire post and for more information. Will a "free text" field be available on caveats by 1 maY December on PEXA?  No, a free text field for caveats will not be available by 1 May.    IF NOT, WILL LANDGATE ACCEPT CAVEATS OVER THE COUNTER THAT DON'T "FIT" INTO THE OPTIONS ON PEXA? Landgate has advised that they will accept these caveats over the counter.   Kind regards   Aoife   *Section 10 – Landgate FAQs ... View more

Hi Community,   Similar questions keep popping up from the network about Market Value on the PEXA platform.    "What is considered sufficient evidence of Market Value?" and "If I don't have a Market Value on hand, what to I do?".   Has anyone experienced this?    Cheers   Aoife     ... View more

Hi Community, From 1 July 2018, standalone transfers, standalone caveats and Non-Authorised Deposit-taking Institution discharges, mortgages and refinances are moving online in New South Wales, see timeline here. Below are some of your more frequently asked questions regarding the transition online for these instrument types. I will continue to add to the post as questions arise or feel free to ask your question directly below.   What is a standalone transfer? A standalone Transfer is a Transfer of Land that is lodged in its own right without the requirement of any other instrument. For example, there is no Mortgage or Discharge of Mortgage to be lodged against the same folio of the register at the time of the Transfer. What will lR nsw do if a practitioner settles via paper instead of online after 1 July? The 1 July compliance date refers to the lodgement of dealings, not settlement. LRS NSW and NSW Office of Registrar General (ORG) won’t do anything if a settlement doesn't occur electronically. what are the penalties for not transacting electronically? There will be no penalties. If a practitioner attempts to lodge in paper from 1 July 2018, the registry staff will refuse to accept the dealing for lodgement. Will requisition fees be applied? No, requisition fees will not apply. Cheers    Aoife ... View more

Hi Community, The end of daylight savings is approaching, and the RBA have issued its changes to RITS (Reserve Bank Information & Transfer System) session times. This year, there is an interim period where the change from CET to CEST and AEDT to AEST do not align. As a result, reduced settlement hours will begin one week before Australia’s daylight savings finishes. This will affect settlements in New South Wales and Western Australia only. Please see the altered settlement hours below: NSW-only Date Time 26-29 March 2018 9:30am – 6:30pm 3 April – 7 October 2018 9:30am – 5:30pm   WA-only Date Time 26 March – 7 October 2018 8:30am – 3:30pm   Don’t forget, all operating hours are outlined in PEXA’s Service Charter section 8.2 for your reference. Feel free to post any queries on this matter below.   Cheers Aoife ... View more

Hi all,   Land Use Victoria has advised that  there will be outages to the system on Friday 2 March 2018 at 6.15pm until 3 March 2018 at 3.00pm.   Therefore,   Workspace Creation,   Land Title Reference Verification,   Lodgement Verification   and   Lodgement   won't be possible via PEXA during this period.   Cheers   Aoife ... View more

Hi Community,   Land Use Victoria have this morning advised they are experiencing state-wide issues with their systems, impacting all services. In respect to PEXA transactions: If your workspace is in “Ready Ready” status, your transaction will proceed as scheduled If you have a transaction with financial settlement scheduled for today and have a successful Lodgement Verification, settlement can proceed. Please note, if changes have been made in the workspace since the last Lodgement Verification, the transaction will be unable to proceed until Land Use Victoria services are restored You may continue to experience workspaces in a status of 'Verifying' or 'Lodging' for longer than usual until Land Use Victoria Services is restored For more information regarding proceeding with settlement when a land registry is unavailable, click here. PEXA will remain in contact with Land Use Victoria and provide updates as they come to hand.   Aoife  ... View more

Hi Community,   Tomorrow, standalone transfers and survivorships are moving online, see timeline here.   Below are some of your more frequently asked questions regarding the transition online for these instrument types. I will continue to add to the post throughout the day as questions arise – stay tuned!   Can a Survivorship and APR(Application by Legal Personal Representative)/Transmissions be completed in conjunction with a transfer? At the moment this cannot be completed in conjunction with a transfer however it is possible through separate workspaces at no additional fee. Moving forward, it is in scope for future platform upgrades. PEXA acknowledges the inconvenience of having to prepare these in two separate workspaces and will continue to update the e-Conveyancing Community on our progress over the coming months.   Why do we need to input Market Value into a Transfer (e.g. Change in Manner of Holding) when it is not required in paper?   In support of Commissioner requirements, PEXA collects specific data for dutiable transactions as set out in 2015 by the Commissioners of each jurisdiction.  One of these items is Market Value, complete with valuation/value details.    Can Party Tenancy Transfers be completed with Proprietor on Title and Incoming Proprietor as Transferees? Yes. As of 5 February 2018, this functionality became available in Victoria. However, some scenarios are still unavailable. See below for in scope and out of scope capabilities:   In scope TRANSFEROR TRANSFEREE   Party A and Party B (Joint Tenants (JT) or Tenants in Common (TIC)) Party A i.e. When removing one party from title Party A and Party B (JT or TiC) Party A and Party B (to change the manner of holdings) i.e. When changing the manner of holding from JT to TIC or vice versa   Out of scope TRANSFEROR TRANSFEREE   Party A Party A and Party B as either JT or TIC i.e. cannot add a party onto the title Party A and Party B as either JT or TIC Party A and Party C as either JT or TIC. i.e. cannot remove one party and add another to the title     If the transfer of land/survivorship application form was signed prior to 1 March 2018, can it be lodged in paper after 1 March 2018 or it must be lodged electronically regardless the execution date?   If the transfer of land/survivorship application form was signed prior to 1 March 2018 - it can be lodged in paper after 1 March 2018.   If the settlement date is on or after 1 March 2018 it needs to be completed electronically (regardless of execution date). Please see Registrar Requirements as it states:   "All Instruments set out in Registrar’s Requirements 6.3, 6.4 and 6.5 must be Lodged using an ELN...   6.5(c) a transfer of land signed on or after 1 March 2018, except when the transfer is to be Lodged with any other Instrument for the same folio(s) of the Register; and 6.5(d) an application by a survivor under section 50 of the TLA signed on or after 1 March 2018, except when the application is to be Lodged with any other Instrument for the same folio(s) of the Register;"   What happens when a non-PEXA Member is involved in "Paper Title and Cash Purchase" deal due to settle post mandate?   If a non-member is involved in “Paper Title and Cash Purchase” deal due to settle post mandate, they should contact PEXA immediately. In most cases, that non-member will want to commence their own PEXA registration and avail of the numerous training options available to complete transactions themselves.   In the event that registering with PEXA is not suitable for a firm, PEXA has various options to support industry. We are piloting alternatives for those practitioners who may not do enough conveyancing to stay up-to-date with e-Conveyancing requirements or transition that part of their business to digital. Please reach out if this scenario occurs.   For a non-monetary transfer what do I select if there is no contract? If it's a verbal contract what should I select?   In the case of no contract, select ‘NO’ and check all the names (as NO contract existed).   This is requested State Revenue Offices’ compliance data and requires a YES/NO answer.       Kind regards   Aoife   ... View more

Hi Community,   PEXA and SAIG are pleased to confirm a joint initiative underway to help progress participation in, and readiness for, electronic settlements within Australia. As part of this initiative SAIG will be assisting lawyers and conveyancers in registering for PEXA and transacting electronically. This includes identifying transactions that are suitable for electronic settlement and supporting the market in conducting these online.   If you have any questions, don't hesitate to ask the community below.   Regards   Aoife ... View more

Hi Community,   One of PEXA’s recent platform upgrades included changing the Customer Account/Loan Number into a mandatory field when sending an invitation to a Mortgagee on Title, Incoming Mortgagee, or Source Funder. Although mandatory, circumstances may arise where the Customer Account/Loan Number is not available at the time of sending the invitation. In this instance, ‘N/A’ can be entered in the field and the invitation sent. When the Customer Account/Loan Number becomes available simply send it in a conversation, assisting the Bank to locate the Customer’s details quickly. For more information on this upgrade, click here for the release notes. If you have any questions, please don’t hesitate to ask me below.   Cheers   Aoife ... View more

Hi community,   We have been advised that Landgate have an outage on Saturday 17 February 2018 from 12:00 to 19:15 AWST.   As a result, PEXA Workspace creation in Western Australia will be unavailable during this period.   Cheers   Aoife ... View more

Hi Community.   NSW LRS, in conjunction with PEXA, is investigating an issue impacting Lodgement Verification where the error “Invalid rendering template” is returned. As a result, online lodgement verification in NSW may be impacted. We will update you when this issue is resolved.   regards   Aoife ... View more

Hi Community   We have been advised that Queensland's OSR will be unavailable on Friday 9 February 2018 from 5:30pm until Saturday 10 February 2018 6pm due to system maintenance.   As a result, Stamp Duty Verification via PEXA will not be available during this period.   cheers   Aoife ... View more

Hi Community,   We have been advised that NSW Land Registry Services will be performing system maintenance this Saturday 10 February 2018 from 9am until 12pm.   As a result, you may experience intermittent outages during online Workspace creation, lodgement verification and lodgement of documents with the land registry.   Cheers   Aoife ... View more