What is the PEXA Participation Agreement?
The Participation Agreement (PA) is the overarching agreement between PEXA and each Subscriber. The PA includes:
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Obligations of both parties including privacy, confidentiality, liability, suspension, termination, insurance, disputes and change management.
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The PEXA Service Charter, PEXA Pricing Policy and PEXA Security Policy.
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The terms and conditions governing Financial Settlement in PEXA.
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A commitment by each Subscriber to comply with the Model Participation Rules, as outlined by ARNECC.
The latest Participation Agreement can be found here
Who should execute the Participation Agreement?
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The Participation Agreement should be executed by those person(s) who are authorised to enter into contracts on behalf of the organisation.
For example:
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For an Individual/ Sole Trader – that Individual/ Sole Trader.
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For a Company with a sole director who is also a sole company secretary – that director.
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For a Company with multiple directors – two directors or a director and a company secretary.
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For a Partnership – all partners or those partners authorised to sign on behalf of the Partnership.
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NOTE: Whoever executes the PA on behalf of an organisation will be required to complete a face-to-face Verification of Identity (VOI).