sanctuary, adelaide zoo - pexa · 3 8:00am house rules and keynote presentation 30 mins lisa dowie,...
TRANSCRIPT
Sanctuary, Adelaide Zoo
17th April 2018
Chief Customer Officer, PEXA
Lisa Dowie
3
8:00am House Rules and Keynote Presentation 30 minsLisa Dowie, PEXA
Sarah Jewell, Westpac Group
8:30am PEXA Welcome 20 mins Daniel Roesler, PEXA
8:50am Land Services SA & Office of the Registrar General (ORG) 40 minsBrenton Pike, LSSA
Jenny Cottnam, ORG
9:30am AICSA 20 mins Geoffrey Adam, AICSA
10:00am Revenue SA 30 mins Tom Colmer, Revenue SA
10:30am Morning Tea 20 mins
10:50am Banking and Practitioner Member Experience Panel 40 mins Hosted by Rebecca Hayes, AICSA
11:30am Updates from our industry partners 45 mins Stewart Title, ID Secure, Smokeball
12:15pm Panel Q&A Session 30 mins Hosted by Lisa Dowie, PEXA
12:45pm Close and Lunch
TODAYS AGENDA
Senior Operations Manager, Westpac
Sarah Jewell
Executive Manager – Practitioner Markets
PEXA Direct Leader
State Lead SA
Daniel Roesler
7
Live in VIC, NSW, WA, QLD & SA
140+ financial institutions are engaged
5,850 practitioner firms are active Australia-wide
981,000+ transactions completed nationally
$118 billion+ worth of property value settled
PEXA Snapshot at April 2018
8
5,800+ Practitioner Firms
activated
4,442 Practitioner Firms
utilising
131,835PEXA Transfer
Transactions
Completed
PEXA’s Journey - 2017 to 2018
1 April 2017
3,800+ Practitioner Firms
activated
2,251 Practitioner Firms
utilising
18,262PEXA Transfer
Transactions
Completed
1 April 2018
9
80 % lodgement cases in scope
7 Documents currently available to lodge in PEXA
9Additional functionality
enhancements SA specific in the pipeline this year
PEXA & South Australia
302 Practitioner Firms
activated
40% practitioners who have
done a PEXA settlement in the past 4 months
3,598PEXA Transfer
Transactions
Completed (10/4/18)
10 © Property Exchange Australia Limited (PEXA) 2017.
100% digital
• Accelerate the availability of remaining instruments and remove transaction exclusions
Network resilience
• Build resilience to reduce exposure of networkmembers to Land Registry service disruptions
Improve member experience
• Improve the PEXA member experience to support self-sufficiency
2018 Priorities
11 © Property Exchange Australia Limited (PEXA) 2017.
2018
Roadmap to 100% Digital for SA in 2018
Enable Mandates
Enable 100%
digital
Regulatory
Improve Member
experience
Foreign Residents Capital Gains Withholding GST Withholding
With no Survivorship & trustee capacity for Transfers
Transmission Application (with DocHub)
Application to Note Death Change of Name with Justification Transfer of Interest Extension of RIS to capture ‘other interests’
R 7.1
FEB
R 8.0
MAY
R 9.0
NOV
Land Title Reference validation using Lot on Plan
Standalone Transfers (VIC)
Standalone Transfers (NSW)
Standalone Survivorship
(VIC)
All combinations of transfer
transactions in PEXA (VIC)
Mar Jul Oct Dec
Standalone Transfers (WA)
All combinations of transfer transactions
in PEXA (WA)
Standalone Caveats (WA)
Standalone Caveats (NSW)
Non-ADI Refinances
(NSW)
Mandates
All M/DM/Refi ADI/non-ADI
New endpoint for Revenue SA online system
Updated Caveat claim statement scope
16
Get PEXA Certified!
.
Everything you need to learn to use PEXA is in one place:
PEXA Certified. By completing this program, you’ll join
the e-Conveyancing experts. With your PEXA Specialist,
you will complete the following modules:
Getting Business Ready
System Set Up
Transacting in PEXA
Advanced e-Conveyancing Visit
community.pexa.com.au/pexacertified
17
• PEXA Direct Specialists/Virtual Specialists:
Daniel Roesler
SA State Manager, PEXA Direct Program
0447 761 729
• Community
Sign up at community.pexa.com.au
• PEXA Support Centre
1300 084 515
Support available in your area
Chief Executive, Land Services SA
Brenton Pike
STRICTLY CONFIDENTIAL
AICSA / PEXA Roadshow 2018
17 APRIL 2018
Brenton Pike, Land Services SA
PAGE 20STRICTLY CONFIDENTIAL LAND SERVICES SA
Land Services SA
Macquarie Infrastructure and
Real AssetsPSP Investments
Fiona Balfour
LSSA Board of Directors
Investor
Macquarie Infrastructure and
Real Assets
Investor
PSP InvestmentsInvestor
SunSuper
SunSuper Independent
Richard ChangAni Satchcroft Jason Soon
The Hon Dr
Annabelle Bennett
(Chair)
Mark Butcher
PAGE 21STRICTLY CONFIDENTIAL LAND SERVICES SA
Land Services SA Board
• Privacy and the Protection of Person Information
Highest level of protection of personal information
Compliance with Privacy Obligations through all new initiatives
• Data Security
Ensuring the highest levels of data security through best practice controls
Data hosting arrangements within Australia with high cyber security measures
Regular reporting and visibility of information security initiatives
• Integrity of the Register Book and Valuation Roll
Ensure integrity of Register Book and Valuation against both internal and external threats
Regular Security Testing and reporting
1
2
3
The Land Services SA Board is comprised of directors with unique skill sets to address
matters relating to their core focus:
PAGE 22STRICTLY CONFIDENTIAL LAND SERVICES SA
New and Enhanced Services
• Customer Experience
Committed to delivering quality Customer Experience
Capital investment to ensure improved Customer Experience
• New Product and Services
New product development, looking at areas of growth in new and existing industries
New Services for Industry clients and members of the public
• Product Enhancements
Enhancements to existing product suite to deliver additional value for clients
• Industry Engagement and partnership opportunities
Seeking Industry Engagement as we look at new product services
Seeking feedback in regards to new and enhanced services
Investigating new partnership opportunities
1
2
3
New product development, partnership opportunities and Industry engagement
4
Deputy Registrar-General, Office of the Registrar General
Jenny Cottnam
Electronic Conveyancing Projects, AICSA
Geoffrey Adam
GEOFFREY ADAM
Electronic & Conveyancing Projects
AICSA
PEXA Roadshow – April 2018
4 July 2018
650
Project Manager, Revenue SA
Tom Colmer
Welcome
Tom Colmer
Manager, Projects and Client Systems
RevenueSA
Topics
• Current Process
• Electronic Opinions
• Replacement of Self-determination in RevenueSA Online
• Property Certificates
• RevNet Decommissioning
Commonwealth Reporting and RevNet
2015-16 State Budget18 June 2015
Existing System Environment
End
Use
r
RevNet
Opinions
Self Determination
Property Certificates
RevenueSA Online
Commonwealth Reporting
SAILIS
Source of prefill data to the Portal
Portal Overview
Who starts a workspace?
1. Purchaser’s representative commences workspace
2. Vendor’s representative commences workspace
3. Purchaser & vendor’s representative commences workspace
RevNet – enter a Workspace ID
Future Systems Environment
End
Use
r
RevenueSA Online:
Commonwealth Reporting
Opinions Processing
Self Determination
Property Certificates
SAILIS
Source of prefill data to RevenueSA Online
Commonwealth Reporting Enhancements
• From a submitted workspace an approved user can now create either a new Opinion Document or Self Determination
• This will take the user into the relevant module (Opinions or Self-determination) with the Workspace ID prefilled
• Alternatively users can directly create their documents for lodgement and then provide the linked Workspace ID (if required)
Integrated Opinions Processing
• Extension of the Portal to lodge electronically for Commissioner Assessments (Opinions)
• Prefill of all relevant data from the Commonwealth Portal
• Upload all documentation directly into the transaction
• View document status, requisitions and assessments online
• Answer requisitions online, inline or through attachments
• No more paper Opinion forms or emailing documentation
• Scheduled for implementation late April
• This will be made available to all existing RevNet users
Commence a New Opinion Document
Data Details – Commonwealth Reporting Document Type
Details – Select Type and Calculate
Upload Documentation
Confirm and Submit
Once Submitted
Requisitions – View Outstanding List
Requisitions – View and Respond
Requisitions – Response Received
Awaiting Payment Documents
Assessment Summary
Stamp and Complete Opinion
Self-determination
• Designed to operate as similar to Opinions as possible
• Extension of the Portal to lodge electronically for self-determination
• Prefill data from the Commonwealth Portal
• Significant reduction in document types requiring guide note review and document selection
• Optional documentation upload
• Continue to be EPA, existing bank accounts will be selectable
• Also scheduled for implementation late April
Property Certificates
• Replacement of RevNet Certificates
• Existing functionality will be retained
• Email notification for ESL and Land Tax Property Interest Report certificates will be implemented
• All existing certificates will be migrated to RevenueSAOnline, able to be paid and updated.
RevNet Decommissioning
• RevNet has been in use since 2001 and has allowed RevenueSA to be able to transact electronically with increasing client participation
• To be able to better service clients alternative options have been investigated
• New technologies have emerged, allowing the implementation of new features, particularly in the support of mobile devices
• Opportunity to combine the front User Interface with the internal processing system allows more information and real time updates
• This new solution provides coverage of the entire process, allows records to be kept electronically, providing efficiencies for clients and RevenueSA
• RevenueSA looks forward to being able to actively improve client services and provide timely information to existing and potential clients
Benefits
• Significant usability improvements• Supports mobile devices and Apple Mac.• Consolidation with Commonwealth Reporting Portal and data prefill• Certainty of transacting via eConveyancing for all PEXA supported
transactions• Upload documentation so all information is readily available• Track the progress of your document throughout the assessment
process• Real time updates (both for the client and RevenueSA) reduces time
in transit• No more wondering….have they received this?• Save on postage cost and time
RevNet phased out:
• RevNet will run in parallel with RevenueSA Online for a transitional period of up to two weeks
• Access to create new documents in RevNet will then be revoked, work in progress only can be completed
• Access to stamp duty will be removed• Read only historical data will be available in RevenueSA
Online following RevNet deactivation• Once Certificates are implemented access to RevNet will be
removed (late May)• RevNet messaging facility will be replaced and usernames
transitioned to email addresses• This will support multiple client access for users
Other Changes Coming…..
• Stamp Duty Certificates (PDF), are proposed to replace the requirement to physically stamp instruments
• Legislation has been drafted
• If implemented will increase electronic options for non-approved clients
How can you help (and benefit)
• Don’t leave your data entry until the morning of settlement
• Start using the new Online Opinions, the process is not difficult and you will operate more efficiently
• Ensure your users’ details are up-to-date
• Stay informed; via RevNet messages, emails, RevenueSAwebsite, attend system webinars
• Provide feedback and ideas, suggestions for improvements can be sent to [email protected]
Need more information?
revenuesa.sa.gov.au
Information Circulars
Information Circulars
Webinars
Revenue Rulings
08 8207 [email protected]
Document Guides
Calculators
Online Tutorials
Want to keep up to date?
See you in 20 minutes
Morning Tea
Enrich | Endorse | Empower |
Educate
Industry Panel Discussion
Presented by: Rebecca Hayes, CEO AICSA
Enrich | Endorse | Empower |
Educate
‘…the nature of our role is changing dramatically with the introduction of electronic conveyancing…our role will be less
concerned with preparation of documents and more concerned with giving advice to clients in relation to their rights and obligations, we will be expected to have a far
greater knowledge of legislation as it relates to property and business transactions, of taxation laws and their impact, of
corporations and partnership laws. We are progressively being given more and more responsibilities which relate to more and more legislative knowledge and understanding.’
South Australian Conveyancer, NOVEMBER 2004Rebecca Hayes
Enrich | Endorse | Empower |
Educate
Panel Members
Josie Lazzaro, Metro ConveyancingMark Berry, Four Points Conveyancing
Rebecca Vasey, Wallmans LawyersSarah Jewell, WBC
Tracey Walding, Adelaide Bendigo
Industry Partner Updates
Legal Counsel, Stewart Title
Tori Hodgman
Presented by Tori Hodgman
Legal Counsel, Australia
Stewart Title Limited
Risk Management for Conveyancing:
Council Enforcement Powers &
Defects in Title
Council Enforcement Powers: Risk
Framework
▪ Clients purchasing property with improvements (house,
garage, carport, shed, swimming pool, granny flats etc)
▪ Generally, improvements form part of the title
▪ Generally, improvements form part of the subject matter of
the sale
▪ Improvements subject to Building & Planning Laws
▪ Improvements subject to Council Compliance &
Enforcement
Council Enforcement Powers:
Unapproved & Non-Compliant Building
Works
What is unapproved/illegal building work?:
▪ Building work which has been carried out without
obtaining a building permit
▪ Building work which has been carried out contrary to
approved plans or contrary to conditions of any
building permit
Archicentre 2011 Illegal Building
Works Statistics
▪ NSW 29%
▪ VIC 33%
▪ QLD 22%
▪ WA 21%
▪ SA 32%
▪ TAS 34%
Common Types of Unapproved Building
Work
▪ Removal of load bearing walls
▪ Addition of rooms in roof space
▪ Addition of balconies, decks, pergolas
▪ Conversion of structures into habitable rooms
▪ Non-compliance with permits – unapproved
alterations to approved structures
Recent Examples from around Australia
Non-Compliance with Development Consent
▪ Insured purchased a house for $1,650,000.
▪ House situated on waterfront.
▪ Following settlement, substantial storms affected locality
resulting in water penetration to windows/sliding doors
▪ Investigations revealed all windows/sliding doors installed
not the correct specification for locality
▪ Council required all windows/sliding doors to be replaced
to bring dwelling into compliance with development
consent
Claim Resolution
▪ Stewart Title arranged for removal and replacement of
approx 12 sliding doors and windows
▪ Total cost of window replacement $96,524.25
▪ Ensured no further breach and no further action from
Council
▪ Premium Paid $1058.75
▪ No Excess
Boundary Defects
Encroaching Structure onto Council Land
▪ Insured purchased their property in January 2015.
Following settlement a complaint was made in relation to
their “water feature”
▪ Survey of the property revealed water feature was built on
Council land by 4.4 meters
▪ Water feature had to be demolished and reinstated within
the insured’s property
▪ Total cost of the claim close to $200,000.00
Encroachment on Public Road
▪ Insured purchased a rural property in 2014
▪ Following settlement, the insured approached Council
for approval to build an extension
▪ Council required site plan & survey
▪ Survey disclosed significant siting issues relating to the
improvements – house, garage, sheds, driveway, water
tanks & retaining walls
Claim Resolution
▪ Stewart Title engaged an accredited specialist in property
law to provide advice and options
▪ Negotiated acquisition of that part of the Council land
(including unmade road) upon which the improvements
have been built.
▪ Liaised with Council throughout process of discontinuing
use of land as ‘public road’
▪ Stewart Title paid costs of land acquisition, legal costs,
boundary realignment (transfer of land).
Conclusion
▪ Council Enforcement Notices (statutory charge) and Boundary Defects are defects in title which fall outside of the safety of the Torrens System
▪ Risk management involves implementing controls to reduce or eliminate risk.
▪ Innovation – new ways to offer value to clients, adapt to changing market, competitive edge
▪ Nothing replaces the exercise of due care and skill
▪ Title Insurance adds an additional layer of protection
COME AND SEE US IF YOU
HAVE ANY QUESTIONS!
Director, ID Secure
Mark Paholski
Verification of identity
Mark Paholski
Director, IDSecure
globalx.com.au/software/globalx-idsecure
How did GlobalX IDSecure come about?
• IDSecure formed in 2013 – ahead of mandate of VOI being introduced in SA in April 2014
• Gradual build to become national VOI provider - to gain credibility and recognition in market
• Assistance provided by industry partners such as GlobalX very early in our journey
• IDSecure - formally recognised VOI Partner and VOI Identity Agent of PEXA
• Formally recognised by industry body Electronic Conveyancing Group (ECG)
• Recognised by ARNECC as Identity Agent
• Expansion nationally in line with the adoption of “paper based” VOI
• Long standing informal alliance and partnership with GlobalX from very early days
• Partnership formalised in Feb 2018; GlobalX acquired majority share of IDSecure = GX IDS
• Retention of all management and staff and equal Board representation.
globalx.com.au/software/globalx-idsecure
Current Verification of Identity (VOI) rules in Australia
ECNL for electronic transactions. No current rules for traditional
transactions.
Compulsory for all land dealings since Aug
2016
Compulsory for all land dealings since
Nov 2015
Compulsory for all land dealings from
Jan 2013
ECNL for electronic transactions. No current rules for
traditional transactions.
Compulsory for all land dealings
from Apr 2014
ECNL for electronic transactions. No current rules for
traditional transactions.
ECNL for electronic transactions. No current rules for
traditional transactions.
AGENDA
• Where does the risk sit in the Verification of Identity process
• Gold Standard Verification of Identity
• Why consider using a specialist VOI provider
• Data storage and the Information Life Cycle
• Practical issues and removing Verification of Identity tension points
• Tips and traps for protecting your firm
globalx.com.au/software/globalx-idsecure
VOI Risk Heat Map
B
Use of Video Technology
NO FACE TO FACE
NO EXAMINATION
OF ORIGINAL
DOCUMENTS
Safe
Harbour
43
2
Presents MINIMUM
Document Standards
Cannot produce MINIMUM
document Standards
A
Face to Face (agent or personally)
facilitates examination
of original documentation
globalx.com.au/software/globalx-idsecure
Why use a provider
• What is “Reasonable Steps”
• VOI Regime and categories of documentation
• Risk management tool
• Compliance and “Chain of Evidence”
• Process – maintain internal controls
• Data storage
• Professional Image & Client Perceptions
• Time saving
• Information Life Cycle
globalx.com.au/software/globalx-idsecure
• Controlled Access
• Search ability
• Encryption and protection
• Data not transmitted by email
• No personal information kept with file or in
practice management software
• Reports available anywhere you have internet
connectivity
Data Storage
globalx.com.au/software/globalx-idsecure
Your Risk Management Tool
globalx.com.au/software/globalx-idsecure
• Reducing the possibility of Face-to-Face failure
• Manage all methods of Face-to-Face interview
• Privacy and storage issues – digitization
• 9 years storage in Australian accredited data
centre with redundancies
• Instant searching and retrieving of VOI reports
• Quality interview experience
• Audit trail if Land Titles Office come knocking
• Australia wide agent network
Removing the Tension for Practitioners
globalx.com.au/software/globalx-idsecure
Use GlobalX IDSecure anywhere anytime
globalx.com.au/software/globalx-idsecure
Options to Safe Harbour
Agent
Network
“Quick Entry” Capture images of the documentation you
decide, either take reasonable steps or stick to the categories.
90 seconds
“Agent” Prequalify your client and appoint an
agent based on their postcode
100% Success Rate
“In-house” Prequalification: Have your client
complete a comprehensive pre-qualification before interview
Pra
cti
tio
ne
r C
on
du
cts
VO
I A
ge
nt
globalx.com.au/software/globalx-idsecure
• Verify your clients yourself in-house or on the road
• Strict adherence to the categories or what you decide is
“reasonable steps”
• Optimised for mobile devices, phone or tablets
• IOS or Android
• Compliant report produced and available instantly
• 90 Seconds
• No more copying, filing or scanning documents
Quick Entry
globalx.com.au/software/globalx-idsecure
Options to Safe Harbour
Agent
Network
”Quick Entry” Capture images of the documentation
you decide, either take reasonable steps or stick to the
categories.
90 seconds
“Agent” Prequalify your client and appoint an
agent based on their postcode
100% Success Rate
“In-house” Prequalification: Have your client
complete a comprehensive pre-qualification before
interview
Pra
cti
tio
ne
r C
on
du
cts
VO
I A
ge
nt
globalx.com.au/software/globalx-idsecure
• Prequalify before the Face-to-Face interview
• Identifies the practitioner’s client
• Captures ID document details and expiry dates
• Comparison of documents entered
• Workflow notifications
• Speeds up Face-to-Face interview for practitioner
and overall process – focus on billable hours and
your relationship with your client
Comprehensive prequalification
globalx.com.au/software/globalx-idsecure
• Use any device with internet connectivity
• Approved staff can conduct “in-house” or “on the
road”
• Control who can do and who can see Verification
of Identity
• Entire process can be completed in front of your
client on a professional interface
• No more scanning, photocopying and filing ID
Documents
Interview conducted by Practitioner
globalx.com.au/software/globalx-idsecure
• Metro and Regional
• “Go to your client” service based on post code your client wishes to be verified in
• Agent will make all meeting arrangements
• Agent will meet your client at a specific time and location, not a “time window”
• Available 7 days a week in and out of business hours
• Will witness documents including the Client Authorisation (“Gold Standard”)
• Professional backgrounds
• Insured
• Police Checked
• Fully trained
National Network of Identity Agents
globalx.com.au/software/globalx-idsecure
Contact us
Lara Paholski
Executive General Manager, IDSecure
0417 883 486
globalx.com.au/software/globalx-idsecure
Thank You
General Manager, Smokeball
Paul Psaltis
WWW.SMOKEBALL.COM.AUWWW.SMOKEBALL.COM.AU
SMOKEBALL
Simple, Smart & Affordable Conveyancing Software
Helping law firms become paperless
WWW.SMOKEBALL.COM.AU
SOME DIGITAL TRENDS FOR 2018
1. Australia remains one of the leading global adopters of the smartphone and
88% of Australians now own one, with market growth being driven by older generations
2. 35% of Australians check their phone within five minutes of waking up in the morning
3. 70% of Australians use phones during mealtimes with family and friends
4. The number of global internet users in 2018 is 4.021 billion, up 7 percent year-on-year
5. Australians interact with their smartphones over 480 million times daily
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TECHNOLOGY: NOW ADAPTING TO OUR PERSONAL LIVES
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TECHNOLOGY: NOW ADAPTING TO OUR PROFESSIONAL LIVES
Paperless conveyancing in 5 steps:
1. Online verification of identity
2. Online certificates
3. Online contracts
4. Digital signing
5. Electronic settlement (PEXA)
WWW.SMOKEBALL.COM.AU
BRINGING IT ALL TOGETHER: PAPERLESS CONVEYANCING
• Single point where all information is entered electronically
• Access your matter information anywhere, at any time
• Create, compile and send documents without printing
• Paperless Settlement, via PEXA or Settlement Agent
• Less (or no) reliance on paper and ‘hard copy’ documents
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WWW.SMOKEBALL.COM.AU
HOW SMOKEBALL CAN HELP
• Access PEXA in one click
• Seamless integration with Microsoft Office, and InfoTrack
• Made for conveyancers and property lawyers
• Automated forms and precedents
• Daily tasks emailed to you every morning
• Cloud-based with live data syncing
• Phone and tablet app
• Support team all have industry experience, quick response time
• Settlement financials in one place
• Confidently and easily complete a 100% electronic conveyance
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WWW.SMOKEBALL.COM.AU
HOW MUCH DOES SMOKEBALL COST?
$1,000 + GST annually per business, unlimited licenses, and installed on multiple devices.
With an extra $1000 + GST annually for Smokeball Billing & Trust Accounting.
This includes:• Unlimited telephone support• Import and automation your own precedents
Offer for South Australian Conveyancers, Sign up this month and get:• Free on-boarding• Free unlimited training
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If you have any further questions, please come and speak to us in the break, or get in touch:
Phone: 1300 33 55 53Email: [email protected]
Smokeball is a proud supporter of AIC SA and PEXA
Sarah Jewell, Westpac
Daniel Roesler, PEXA
Brenton Pike, Land Services SA
Jenny Cottnam, Office of the Registrar General
Rebecca Hayes, AICSA
Tom Colmer, Revenue SA
Q&A Panel
Hosted by: Lisa Dowie, PEXA
Please join us for lunch
Thank you for attending