All PEXA transactions require a CoRD Holder Consent. This is an electronic document lodged through PEXA to provide consent to the registration of registry instruments and plans. It is the electronic equivalent of making the certificate of title (CT) available for a transaction.
A CT may be produced to the NSW Land Registry to consent to the registration of electronic registry instruments lodged separately through PEXA. The responsible subscriber in PEXA is still required to provide a CoRD Holder Consent, to advise of the separate production by referencing the production receipt number.
Instances where the CT must be produced separately from the electronic registry instruments are:
- the consenting party is not a PEXA subscriber and so cannot be invited into PEXA to complete a CoRD Holder Consent or
- an incoming mortgagee intends to lodge an electronic mortgage and the registered proprietor has provided an unencumbered CT with an edition date prior to 1 January 2004.
The unencumbered CT must be produced with an E-Transaction Production Receipt at the NSW LRS Production Counter to verify its authenticity and before the transaction can proceed in PEXA. There is no production fee payable.
Requirements for electronic registry instruments
The responsible subscriber for the PEXA transaction lodges a CoRD Holder Consent to advise of the separate production of the CT. The responsible subscriber is not acting as the consenting party but rather as the advising party.
How to complete a CoRD Holder Consent to advise of CT production
From the drop down list, select Transacting Party Consent.
Document To Which Consenting Party Consents
From the drop down list, select Instrument in workspace.
Each land title reference used in the transaction must be added to the CoRD Holder Consent.
The type of CoRD evidence stated for each land title reference must be Production Receipt. This means that the CT issued for the land title has been produced to the NSW Land Registry.
The Production Receipt Number for each land title reference must be stated. It must match the production receipt number issued by the NSW Land Registry for that produced CT.
The full name of the advising party must be the responsible subscriber for the electronic lodgment case.