The race is on!
It's exciting to see a growing number of our partners entering the PEXA starter's gate. To lodge transfers through PEXA a completed and signed Client Authorisation (CA) Form is needed.
This week South Australia becomes the nation's front runner to mandate use of CA forms for all transfers. This is a milestone in the alignment of rules governing paper and electronic conveyancing.
Quick picks to CA Form compliance from VOI pundit Sean Simmons
- The Form must be correctly filled out by you before your client signs.
- The Form should be signed in connection with the performance of a VOI. When offering clients the option of booking with ZipID, please instruct them to bring the CA Form to sign at the ID check meeting.
- The Form must be in the approved format.
Beware the Fine Cotton affair
The Fine Cotton scandal in 1984 involved the ring-in of an imposter horse to race under another horse's name. Sound familiar to your identity fraud risk? You can stay safe using a face to face ZipID in combination with a CA Form when one is needed.
No late scratchings
When a CA Form is required, it must be signed by each client. In circumstances where you act for multiple clients in a transaction (e.g. husband and wife or two company directors) each will need to sign a CA form.
Photo finish
Retention of the signed CA Form along with retention of VOI supporting evidence is vital. The document imaging and electronic storage used in ZipID's agency service and in the ZipID mobile app will assist you if the 'stewards' come knowing to see your file.
Important process update
Signing and returning CA forms is business as usual for ZipID at no extra cost ($39 VOI fee applies). Effective from 4 November 2016, ZipID will include the fully signed CA Form (if applicable) as an additional page in our agency VOI Reports. Firms using the ZipID App can also capture the signed CA Form as the final step in the App's workflow. ZipID makes it simple and secure for you to have all your VOIs and CA Forms stored together in a single and searchable PDF format.