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Summary

IPART is investigating a pricing regulatory framework for interoperable electronic conveyancing transactions between Electronic Lodgment Network Operators (ELNOs).

This review is significant because eConveyancing is used to settle many conveyancing transactions in Australia.

Interoperability is important because having different systems being able to ‘talk’ to each other gives customers a choice of which ELNO they use.

To support the implementation of interoperability in eConveyancing transactions, the Australian Registrars National Electronic Conveyancing Council (ARNECC) proposes to update the operating rules for ELNOs.

This would include provisions on the fees they may charge other ELNOs for participating in an interoperable transaction.

We have published our draft terms of reference and are seeking feedback on them.  Submissions on the draft will close on 3 June 2022.

We may recommend the Minister make changes to the terms of reference as a result of the feedback we receive. We have until April 2023 to complete the review and prepare a final report.

We will invite further stakeholder feedback throughout our review.

Key contact
Julia Williams
02 9290 8457