The Senate voted late last week to establish an inquiry by the Economics Committee into “micro-competition opportunities in the Australian economy in relation to e-conveyancing.”
The effective monopoly of PEXA in this segment will undoubtedly be the primary focus of this inquiry.
PEXA challengers such as Simpli will no doubt animate their frustrations that the Australian Registrars’ National Electronic Conveyancing Council (ARNECC) has not more vigorously prosecuted a competitive model.