Creating a transferor transaction certificate
- The vendor or their representative can create a transferor transaction certificate in TRO to provide to the purchaser’s representative before an electronic settlement.
- A transferor transaction certificate contains the vendor’s personal information, property details (PID, volume/folio and interest transferring) and current land tax information.
- If desired, the vendor’s personal information can be hidden through the use of a Transferor (Vendor) Party Certificate.
- The process ensures that the vendor’s information is being correctly inputted into TRO prior to settlement.
- A transferor transaction certificate is linked to the vendor or their representative’s registered TRO account and can only be viewed, edited and printed from the ‘Duty transactions’ menu within the account.
- The purchaser’s representative may use a transferor transaction certificate to estimate an electronic transaction.
Before commencing your transferor transaction certificate
You will need:
- PEXA - The transfer number (if you are acting for the transferor this information is viewable in PEXA in the logs on the history page).
- TRO - Your PEXA number (this information is available on the 'Update Registration' tab in TRO).
|
- Select “Duty transaction" tab on the left-hand side of the screen in TRO.
- Select Transferor transaction certificate.
- Enter the transfer number in the EL Ref Field; then select “Populate fields from PEXA”.
- Enter your PEXA Subscriber number; then select “Proceed with population from PEXA”.
A pop-up will then appear requesting confirmation that you wish to pre-populate TRO with the data entered into PEXA.- Complete all remaining mandatory data fields.
- To generate the certificate, select “Create Transfer Transaction Certificate" on the “Current Land Tax Information" tab.
You will then declare/acknowledge that:
By creating this transaction certificate, you:
- declare that all of the information is true and correct to the best of your knowledge;
- acknowledge that penalties may apply for submitting false or misleading information; and
- acknowledge that transactions may be subject to subsequent compliance activity by the SRO.
Once the certificate has been generated it will appear in the “Electronic Lodgements" expander under the “Outstanding transferor transaction certificates" expander.
