Examples for electronic registry instruments

All electronic registry instruments i.e. PEXA transactions require a CoRD Holder Consent.

The consenting party in a Transacting Party Consent can hold either a certificate of title (CT) or electronic Certificate of Title (eCT) where a CT has not issued.

The information on this page provides examples of electronic transactions which require a CoRD Holder Consent (Transacting Party Consent).

Mortgage

  • The mortgagor (registered proprietor) is taking out a new mortgage.
  • The land title is unencumbered i.e. the new mortgage will be the first registered mortgage.
  • The incoming mortgagee is a party to the transaction and lodges the following documents through PEXA:
    • mortgage, and
    • CoRD Holder Consent (Transacting Party Consent). 

See restrictions for unencumbered land titles issued prior to 1 January 2004 in the Using Certificates of Title for eLodgment page.

Second mortgage (where second mortgagee is the same as the first mortgagee)

  • The mortgagor (registered proprietor) is taking out a second mortgage with the same mortgagee.
  • The first mortgagee is a party to the transaction and lodges the following documents through PEXA:
    • mortgage and
    • CoRD Holder Consent (Transacting Party Consent). 

Discharge of second mortgage (where second mortgagee is the same as the first mortgagee)

  • The mortgagor (registered proprietor) has repaid their second loan.
  • The first mortgagee is a party to the transaction and lodges the following documents through PEXA:
    • discharge of mortgage and
    • CoRD Holder Consent (Transacting Party Consent). 

Refinance

  • The mortgagor (registered proprietor) is refinancing their mortgage.
  • The discharging mortgagee is a party to the transaction and prepares the following electronic documents through PEXA:
    • discharge of mortgage and
    • CoRD Holder Consent (Transacting Party Consent).
  • The incoming mortgagee prepares the mortgage instrument and lodges the electronic transaction.