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

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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

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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