New South Wales (NSW) and Queensland are stepping forward to advance national eConveyancing interoperability reforms, despite the pause announced by ARNECC (Australian Registrars’ National Electronic Conveyancing Council).
In recent communications to the industry, both states affirmed their commitment to jointly explore solutions aimed at resolving program challenges swiftly. They plan to recommend the design, build, and testing of interoperability functionality at the earliest opportunity. This initiative underscores their determination to uphold their initial timeline of achieving competition through interoperability by December 2025.
ARNECC’s decision to pause the program was prompted by issues raised by the banking sector, prompting a call for additional federal support. Nevertheless, NSW and Queensland remain steadfast in their pursuit of delivering competitive advantages through interoperability, a reform mandated nationally and supported by regulated deadlines.
The benefits of competition via interoperability are widely acknowledged within the industry, promising significant cost savings, enhanced innovation, and expanded choices for practitioners and consumers alike.
Philip Joyce, CEO of Sympli, emphasized the national significance of interoperability as a longstanding reform endorsed by successive Australian governments. He expressed confidence in NSW and Queensland commitment to achieving market competition in eConveyancing by 2025, advocating for collaboration with industry stakeholders to realize these goals.
“Competition will foster savings, innovation, and choice across the eConveyancing landscape. We eagerly anticipate collaborating closely with NSW and QLD to ensure practitioners nationwide can benefit from increased options.”
Philip Joyce, CEO of Sympli
As NSW and Queensland forge ahead with their proactive stance on interoperability, Sympli calls upon other states to support and accelerate these crucial reforms. The initiative aims to set a precedent for nationwide improvements in the eConveyancing sector, ensuring a more dynamic and consumer-friendly marketplace.
