IPART completed a review of a national pricing regulatory framework for interoperable electronic conveyancing transactions between Electronic Lodgment Network Operators (ELNOs).
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 provided our Final Report and recommendations to the NSW Government on 9 June 2023.