PEXA Rival Opens for Business

Contents

Property Exchange Australia (PEXA) was formed to deliver a national eConveyancing solution to the Australian property industry. The company’s key shareholders include the Victorian, New South Wales, Queensland and Western Australia Governments, the four Major Banks, Macquarie Capital, Little Group and Link Group.

PEXA has had the monopoly in eConveyancing but this has changed with a new competitor in the market. Sympli Australia was granted approval by Australian Registrars’ National Electronic Conveyancing Council (ARNECC) to become an Electronic Lodgment Network Operator (ELNO) in November 2018. They lodged their first electronic document in Queensland on 7 December 2018 and in Victoria on 17 December 2018. Sympli is a collaboration between ASX Limited and InfoTrack Pty Limited.

As electronic conveyancing becomes the norm across the country Sympli Australia may be the first of many to provide alternatives in the econveyancing market.

Lorri Field

Lorri is a director of PDC Law. Lorri combines excellent technical expertise with a common-sense approach to best represent her clients. She is one of few Accredited Specialists in Commercial Litigation in the Illawarra and Shoalhaven. This accreditation is testament to Lorri’s expert knowledge and skill in dealing with commercial disputes. In 2019 Lorri was awarded Regional Lawyer of the Year by Women Lawyers Achievement Awards.

Recent articles

Browse some recent articles from the PDC Law blog.

Selling Property with a Pool in NSW 2024

When selling a property with a swimming pool or an outdoor spa, it is important to let your Solicitor or Conveyancer know at the outset of your matter so they can advise you on the documents which must be provided for annexure to the contract of sale.  Advising your Solicitor or Conveyancer at the stage…

December 12, 2024
Shenae Attwell

Understanding Easements and Transfer Duty in Australia: A 2024 Guide

Easements are vital components in property law, providing specific rights of use over land without transferring ownership. These rights are crucial for various needs, such as access, utility passage, and maintenance. Additionally, understanding the implications of easements on transfer duty—a type of property transaction tax—is essential for property transactions in Australia. What is an Easement?…

August 21, 2024
Lorri Field

Unlocking the Potential of Urban Areas with In-Fill Affordable Housing Strategies for 2024

In the quest to address urban housing challenges, in-fill affordable housing has emerged as a beacon of hope, offering practical incentives to developers while fostering sustainable community growth. The State Environmental Planning Policy (Housing) 2021, also known as the Housing SEPP, introduces critical measures to incentivise the inclusion of affordable housing in residential projects. This…

June 11, 2024
Lorri Field
Call (02) 4288 0150 phone