Share on LinkedInShare on LinkedIn

ARTICLE · 15 DECEMBER 2019

E-conveyancing under the competition microscope

Holding Redlich
Holding Redlich
Contributor
Holding Redlich

Holding Redlich

Holding Redlich is a large national commercial firm with offices in Melbourne, Canberra, Sydney,...

View firm profile
Explore more from Holding Redlich

The ACCC has released a recent report on the need for e-conveyancing market reform to facilitate competition with PEXA.

AustraliaReal Estate and Construction

The PEXA e-conveyancing platform has been growing quickly, aided by some state mandates forcing the use of the platform for nearly all conveyancing transactions. In 2018 the ASX and Infotrack (a property search and transaction services company) announced a collaboration called Sympli to create a rival e-conveyancing platform.

Now, the Australian Competition and Consumer Commission (ACCC) has weighed in with a report, published on 2 December 2019, on the need for e-conveyancing market reform to facilitate competition.

The ACCC says that e-conveyancing is a valuable service that is now at a crucial point in its evolution. Without market reform, the likely outcome is that PEXA will become a monopoly provider with the double whammy of high-costs and a loss of innovation in this important new area.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

This publication does not deal with every important topic or change in law and is not intended to be relied upon as a substitute for legal or other advice that may be relevant to the reader's specific circumstances. If you have found this publication of interest and would like to know more or wish to obtain legal advice relevant to your circumstances please contact one of the named individuals listed.

See more popular content from