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Greenhalgh Pickard
Harry McDonald
TODAYS AGENDA
5.00pm Welcome & PEXA update 25 mins Harry McDonald & Ian Hendey
5:25pm Practitioner Perspective 15 mins Claire Eichmann – Lever Law
5:40pm Your trust account and PEXA Video 10 mins Video by Bill Hourigan – QLS
5:50 pm Financial Institution update 15 mins Marijana Markovic
6:05pm Panel Q&A Session Hosted by Harry McDonald
NETWORKING DRINKS
Chief Practitioner Services Officer, PEXA
PEXA Update
Ian Hendey
How is PEXA’s platform transforming the industry
PEXA’s platform is transforming the industry
7 © Property Exchange Australia Limited (PEXA) 2017.
PEXA Snapshot as of September 2018
Over $203 billion
worth of property value settled
Over 1.5m+Property transactions
completed
~7,300+Practitioner Firms
RegisteredAustralia-wide
~155Financial Institutions
Australia-wide
55%+ of all
lodgements are digital
via PEXA nationally
8
PEXA’s operational infrastructure to Support the Network
Lever Law
Claire Eichmann
Practitioner Perspective
10 © Property Exchange Australia Limited (PEXA) 2017.
Claire Eichmann - Lever Law
11 © Property Exchange Australia Limited (PEXA) 2017.
PAPER VS PEXA – WHAT CHANGES IN THE PROCESS?
ACTION PAPER PEXA PEXA ROLE
OPEN FILE BOB BOB NOT IN PEXA
REVIEW CONTRACT JENNY JENNY NOT IN PEXA
ADVICE ON CONTRACT JENNY JENNY NOT IN PEXA
CONTRACT CONDITIONS JENNY JENNY NOT IN PEXA
DRAFT TRANSFERS BOB BOB USER
DRAFT PRIORITY NOTICE BOB BOB USER
REVIEW, SEND & SIGN TRANSFERS JENNY JENNY SIGNER
REVIEW, SEND & LODGE PRIORITY NOTICE JENNY JENNY SIGNER
BOOKING SETTLEMENT BOB BOB USER
CHECK TITLE SEARCH BOB PEXA PEXA
SIGN OFF ON SETTLEMENT STATEMENT & CHEQUES JENNY JENNY SIGNER
SIGN OFF ON SETTLEMENT INSTRUCTIONS BOB JENNY SIGNER
Meet Jenny – Property Lawyer Meet Bob – her Conveyancing Assistant
Queensland Law Society
Your trust account and PEXA - Video
Bill Hourigan
INSERT VIDEO
Financial Institution Update
Marijana MarkovicExecutive Manager – Financial Institutions, PEXA
Financial Institutions Summary
• 155 + Financial Institutions Australia-wide registered with PEXA
• Familiarise yourselves with the Industry Guidelines
• Financial Institutions are Integrated; Workflow and Payment Integration
• The industry working together to ensure an efficient digital process
Transform Together
• Bank readiness for mandate timelines
• Proactive Invitations
• Banks supporting escalations and settlement booking lines
• Member Feedback
17
Payout figure no later than 10am day of settlement
Movement of settlement date and time
Loan funds loaded 10am morning off settlement
Conversations response time & utilizing the
workspace checklist
Transfer Guidelines
Banks Supporting Practitioner Market
Panel Session Q&A
Thank you for attending
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