PEXA 9.1 went live today (4th February) which enables you to link up to 12 simultaneous workspaces instead of 6. A linked financial settlements panel has been added to the workspace summary screen so you can view details of financial settlements that are linked. There are a number of smaller other enhancements you can read out these and view full release notes here.
To assist subscribers in understanding what they need to do in their PEXA workspace and to ensure their workspace lodgement verification is successful we have summarised the key differences between an Information Re-supply and Title Activity Check (TAC);
- A Title Activity Check (TAC) is an automated check between PEXA and your Land Registry for any activity on a Land Title in your Workspace and will show as positive with any registry activity for the title. These are performed periodically by PEXA with a Financial settlement.
- An Information Re-supply is ordered when you need to refresh the land title data in your Workspace due to an update on the title, for example a change of name has been lodged in paper and you need the Workspace to reflect this change.
Fees for an information re-supply are waived until 28 February 2019 but thereafter will be $5.50
PEXA fully integrated financial institutions have not changed and remain as: Westpac, CBA, ANZ, Bank of Melbourne, Bank SA, Bendigo & Adelaide Bank, Macquarie Bank, St George, BankWest and NAB.
Disclaimer: The information herein has been prepared by SAI Global Property Division Pty Ltd ACN 089 586 872 from information released by the Authority cited on this page. It is provided as general background information only; it is not complete; and it does not comprehensively address this subject matter. Readers should not consider the information so provided as advice nor as a recommendation to take any particular course of action. Persons needing advice should consult their own solicitor, accountant or other professional adviser.