The Queensland and New South Wales governments will try and revive competition reforms in electronic conveyancing after the industry body leading interoperability efforts halted its program late last month.
In a joint letter to industry, the NSW registrar general and Titles Queensland’s chief executive said they want to get the interoperability program “running again” amid growing criticism that incumbent PEXA is becoming entrenched and in control of important data.
PEXA currently processes around 90 per cent of eConveyancing transaction and efforts to curb its dominance by allowing its systems to operate with those run by smaller competitors have made little progress over three years.
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