IPART is investigating a national 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 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 published a Draft Report in February 2023, which outlined our draft recommendations on interoperable transaction fees.
IPART is currently considering stakeholder submissions on the Draft Report, considering feedback received at a public workshop, and conducting additional analysis.
ARNECC recently agreed to extend the date for IPART to complete the review and prepare a final report to June 2023 (from April 2023).