Special Reviews
Electronic Conveyancing

Pricing regulation of electronic conveyancing services in NSW

Status
Consultation
Start Date
Oct 2018
End Date
Jun 2019
4
Days left for submissions
Deadline: 30 Apr 2019
Have your say
What

The Premier has asked IPART to investigate and report on an appropriate pricing regulation framework for the provision of electronic conveyancing services in NSW.

Why

Both paper and electronic conveyancing services currently operate in NSW.  However, from 1 July 2019, all mainstream property dealings will be electronic.

The review is to ensure the regulatory settings and fees charged for the provision of eConveyancing services are fair and transparent for all parties.

How

We will conduct a public consultation process and our own research and analysis.  We will consider amongst other things:

  • the current state of competition in the eConveyancing market, including the potential for additional Electronic Lodgment Network Operators to enter the market
  • an appropriate pricing framework, which includes
    • a maximum price or pricing methodology for the provision of services by an ELNO, and a methodology for making annual adjustments to price
    • a maximum price or pricing methodology for services provided to ELNOs by NSW Land Registry Services 
    • a maximum price or pricing methodology for services provided to ELNOs by Revenue NSW. 
  • the cost of providing the services concerned 
  • The extent to which PEXA invested capital and developed intellectual property to support its Electronic Lodgment Network in its capacity as the initial ELNO 
  • The possibility of applying the NSW approach to any of the elements of the pricing regulatory framework as a model for other jurisdictions 
  • any other matters we consider relevant.
What Next

We have released an Issues Paper setting out our proposed approach to the review and seeking feedback from stakeholders on a range of inputs to the review. 

We invite all interested parties to make submissions in response to this paper by 30 April 2019. 

Stakeholders will also have an opportunity to provide input to our review through our subsequent Draft Report (due by July) and/or by attending a Public Hearing (planned for July).  We will consider all stakeholder feedback before we complete our Final Report. 

Key Contact
Jennifer Vincent
Email
Have Your Say
IPART routinely seeks public input into our reviews via submissions, public hearings, stakeholder workshops and community surveys.
View all reviews open for submissions