The national competition watchdog is assessing claims that eConveyancing monopolist PEXA engaged in anti-competitive conduct during efforts that were supposed to make its systems interoperable with competitors. These efforts have now reached an impasse.
Late on Thursday, Australian Competition and Consumer Commission (ACCC) officials told the Senate Economics committee that they were “gathering relevant information” to assess the anti-competitive claims.
The assessment comes four months after calls from the New South Wales Productivity and Equality Commission for the ACCC to “immediately conduct a comprehensive review” of eConveyancing pricing due to high profits accrued by PEXA.
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