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PEXA Update

PEXA Update

By Property and Environmental Law Committee

Conveyancing Real Property 

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LIV members are advised that PEXA has recently implemented a number of initiatives to address unsupported software and the appropriate use of the PEXA Source Account.

Source account use

It is important to remember that the PEXA Source Account is only available for use when representing the incoming proprietor. In addition, cleared funds must be available in the account no less than three business days before the date of a scheduled settlement.

For more information on the PEXA Source Account, click here.

Unsupported software 

When accessing PEXA, it is vital to ensure that your system is running a supported version of software as retired versions do not receive security updates, placing your IT security and the integrity of the network at risk.

For more information on how to upgrade and why this is important, click here.


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