Review settlement statement

Use this page when your team is preparing or reviewing settlement statement information in Torrens.

Before you start

• Check that the Transaction is at a stage where settlement statement work is available.
• Confirm whether your firm acts for the purchaser or vendor.
• Keep payout figures and lender information on the correct side of the Transaction.

Steps

1. Open Settlement Statement.
2. Review the figures shown or prepared in Torrens.
3. Compare figures against the documents and external confirmations your firm relies on.
4. Resolve missing or uncertain amounts before relying on the statement.
5. Record the review or approval only when the right person has checked the figures.

Check before you continue

• Check payout figures before approval.
• Do not expose seller-lender payout information to purchaser-side users.
• Do not treat a prepared statement as approved.
• If figures come from a lender, counterparty, or bank, check the external source before relying on them.

What happens next

Once the statement is reviewed, continue settlement preparation and readiness checks.

Limits

Torrens supports statement preparation and review. It does not replace your firm’s responsibility to confirm figures, trust-account treatment, lender requirements, or the final decision to proceed.