Recorded Webinar: Up, Up and Away: Developments and Reform in Electronic Conveyancing (Vic)

Electronic conveyancing has been a success story in Australia, accounting for the vast majority of property transactions and transforming the industry from a labour-intensive paper-based system to digital in the space of a decade. But is the transformation complete? And what does the future hold if new players enter the market and challenge the PEXA monopoly? This session examines the success, failures and lessons in the current regime, and what conveyancers need to prepare for in the future, including:

• Identification of some of the challenges arising from the current system and how they have been managed
• How successful has ARNECC been in regulating the regime?
• Is competition in the market essential? Has a one-horse race impacted the success or operation of the services?
• What is the current status of potential entrants to the market – Sympli and Lextech? Is there an appetite for using more than one provider? What strategies will new entrants need to attract customers?
• How will interoperability work? Government statements and proposals on interoperability specifications
• What regulatory change will be necessary to support a competitive market?
• How will developments impact conveyancers and what changes conveyancers need to be prepared for