Time to Enforce Legislated Interoperability Obligation

Thursday 6 November 2025

Sympli welcomes the insights shared during the NSW Parliament’s Select Committee on Competition Reforms in Electronic Conveyancing hearing held yesterday. The evidence presented reinforces the urgent need for action to uphold the legislated obligation to deliver interoperability in Australia’s electronic conveyancing market.

Following yesterday’s hearing, the evidence clearly indicates that:

  • The PEXA monopoly does not support any competition via interoperability, which is a legislated obligation under the Electronic Conveyancing National Law;
  • NSW enforcement powers must be used to ensure that PEXA meet their legislated obligation to deliver interoperability; and
  • The PEXA monopoly has acknowledged that intellectual property is not a barrier to a ‘practitioner-first’ release for interoperability – its primary concern appears to be the impact on shareholder profits not the industry it serves.

Sympli calls on ARNECC, along with NSW and QLD Governments to provide clarity on the outcomes of the ARNECC reviews and next steps before the end of this year. The industry needs certainty and a clear path to deliver interoperability in 2026.

We thank all stakeholders for their valuable contributions to the hearing. The Committee also indicated that further hearings will be held early next year, with major banks and NSW Government representatives expected to provide evidence.

For further information on the ‘practitioner-first’ release please visit: sympli.com.au/pathwaytointeroperability

The transcripts will be available here in due course through NSW Parliament.

Media Inquiries: Jerome Boutelet, Public Affairs Manager at media@sympli.com.au, or 0411 045 119

About Sympli
Sympli is the result of a collaboration between InfoTrack and ASX. We want to create more opportunity, add value and represent the market with an e-Settlements service from which practitioners across Australia can benefit.

InfoTrack is Australia’s leading provider of eConveyancing technology and services and has been creating software for the legal and financial industries for over 18 years. InfoTrack has a focus on simple, end to end solutions, leveraging expertise to craft a truly integrated e-settlements platform that you can trust.

As one of the world’s leading financial exchanges, the ASX bring experience in clearing and settling transactions with security, speed, reliability, and cutting-edge technology. The combination of the two bring you Sympli: the next generation e-settlements solution delivering healthy competition, reliability, security and value to the industry.

For more information visit sympli.com.au

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