Special Reviews
Electronic Conveyancing

Pricing regulation of electronic conveyancing services in NSW

Status
In progress
Start Date
Oct 2018
End Date
Oct 2019
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

From 1 July 2019, all mainstream property dealings in NSW must use electronic (eConveyancing) rather than paper conveyancing.

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 released a Draft Report setting out our draft findings and recommendations. We have extended the closing date for submissions on the Draft Report to 1 October.

We will held a public forum on 3 September 2019.

We will consider all stakeholder feedback before we complete our Final Report and submit it to the Premier and Minister for Customer Service in November 2019

 

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