The PEXA e-conveyancing system is commencing its phased roll-out. This will first occur with practitioners who were Subscribers signed up with Caveat functionality in the regional hubs of Bendigo and Geelong. Within the PEXA system there will be three ways of providing source funding to effect an e-conveyancing transaction (inclusive of financial settlement): Subscriber financial institutions, a solicitor’s trust account or a PEXA source account.
For more information please see the Information Notice published by the Board on 30 January (101KB PDF).