Invitations
As per industry guidelines and to ensure settlement proceeds on nominated date, PEXA invitations should be sent no later than 10 business days prior to settlement date. We will respond within 2 business days. For cases where bank interests are represented by Panel Solicitor, PEXA invitation should be forwarded directly to that Solicitor Firm.
Please note: St George Bank, Bank of Melbourne and Bank SA operate under same PEXA subscription: St George Bank
For discharges, please ensure customer’s bank, loan accounts and account name are included on invitation. Note that most SBG held titles will have Westpac Banking Corporation registered as mortgagee.
Conversations
Please use PEXA conversation tools to contact us if there is an issue with a digital settlement. Our response time for PEXA conversations is 8 business hours or 4 business hours if settlement is in 2 business days or less. Please do not respond to a conversation requesting completion of a task if the task is completed and visible in the workspace.
Settlement and Escalations
Our preferred settlement time for electronic settlements is 11am to 3pm, Monday to Friday.
If you are not able to progress PEXA settlement, send us conversation message with explanation and withdraw from workspace. Where Transfer is mandated to be lodged in PEXA, you will need to complete an official exemption form and provide it to lodging party prior to or during settlement.
If an issue arising on the day of settlement, or escalation is required for NSW CoRD production, please call the settlements booking hotline, Monday to Friday, 8:30am to 7pm EST
Retail Lending | 1300 361 525 (option 1, then option 3) |
Business Lending | 02 8767 8301 |
Transfer - Sale (Mortgagee on Title)
How to initiate a Sale Request
SBG Payout Process
Indicative Payout Figures added to a workspace as soon as practicable and should be treated as indicative until the financial settlement schedule has been signed off
The bank will endeavor to provide final Payout Figures by 10am on the morning of settlement. However, for some fixed rate loans and commercial loans the Payout Figure may not be available until later time.
Please do not escalate unless final payouts are not in the PEXA workspace post 11am the day of settlement.
Surplus Funds
Our preference is for the practitioner to manage any surplus sale funds in PEXA
Transfer - Purchase (Incoming Mortgagee)
Transfer of Land (TOL)
Please ensure the TOL document is prepared and signed as soon as possible, preferably at the time of workspace creation, or at least 5 business days prior to settlement.
Total Funds Required for Settlement and Shortfall
Please advise total funds required for settlement, including all purchase line items at least5 business days prior to settlement
Prior to the day of settlement, we will confirm if customer authority is held to debit one of the existing St George Banking Group accounts for shortfall. Where there is no authority for shortfall held by the bank, the Incoming Proprietor must create a source line item in the Financial Settlement Schedule
PEXA Update December 2020: If a workspace is settling using the new Enhanced Settlement Summary (currently being rolled out via a phased deployment) TFRS will not be required. The alternative requirements are to agree funds due for settlement and select ready for shortfall or surplus. More details are available here: community.pexa.com.au/t5/Help-Centre/PEXA-s-Enhanced-Settlement-Summary/ba-p/20957 . St George Bank will be updating this checklist to reflect the new ESS process in early 2021.
Day of Settlement
Consent for Standalone Transfer and Other Title Dealings
PEXA CoRD (NSW) or PEXA Nomination (Victoria) are required to provide permission for a party to alter the title particulars, register subdivisions, standalone transfers, leases or other transactions.
Prior processing PEXA Consent matter, the request for consent must be received and assessed in paper/email form.
Note: CoRD or Nomination will only be completed after the consent assessment process is completed and all required paperwork received.
You must be a registered user to add a comment here. If you've already registered, please log in. If you haven't registered yet, please register and log in.