The formulation of “a detailed industry roadmap for the launch of interoperability by December 2025” is among the chief recommendations of a study by the NSW Productivity and Equality Commission into eConveyancing.
In a study that is hostile to the conduct of PEXA, the incumbent and monopolist in eConveyancing, the Commission’s findings have been welcomed by PEXA’s challengers.
Registrars must “impose regulatory requirements on Electronic Lodgement Network Operators to meet specific key milestones, including pursuing financial penalties” was another recommendation.
Sympli yeesterday said it welcomes the release of the NSW Productivity and Equality Commission’s Report, ‘eConveyancing market study’ and its recommendations to deliver competition to the eConveyancing market for the benefit of consumers.
Having the ACCC take an overarchoing role in patrolling competition in this sector was another recommendation.