Pexa Group Retains 90% Market Position as ARNECC Halts Interoperability Program

ARNECC halts Interoperability Program as PEXA maintains market position

PEXA Group Limited has acknowledged a regulatory decision by the Australian Registrars’ National Electronic Conveyancing Council (ARNECC) not to proceed with the PEXA Interoperability Program Decision at this time. The announcement, made on 31 March 2026, removes near-term uncertainty around potential infrastructure changes to Australia’s electronic property settlement system.

ARNECC, which oversees the national electronic conveyancing framework, released its decision following a Ministerial Forum on competition reforms in e-conveyancing. The regulatory body has opted not to advance the interoperability initiative that would have enabled multiple electronic lodgement network operators to interact within a shared system.

PEXA responded by confirming its ongoing collaboration with ARNECC and relevant authorities to enhance the existing national network, targeting greater consistency and improved outcomes for customers across Australia’s property sector.

What is the Interoperability Program?

The Interoperability Program refers to a regulatory framework designed to allow multiple electronic lodgement network operators (ELNOs) to communicate and exchange data within the digital property settlement ecosystem. In practical terms, interoperability would have enabled property transactions initiated on one platform to be completed on another, similar to how different banks can process transactions between each other.

For Australia’s property market, this meant potentially introducing new competitive dynamics into electronic conveyancing. Under an interoperable system, practitioners could have chosen between multiple platform providers for digital property settlements, rather than using a single dominant network.

The decision not to proceed maintains the current structure, where PEXA’s established network handles the vast majority of electronic property transfers without requiring integration with competing platforms.

PEXA’s dominant position in Australian e-conveyancing

PEXA processes 90% of all property transfer settlements in Australia, cementing its position as the country’s leading electronic property exchange. Since launching in 2013, the platform has facilitated more than 26 million property settlements across the nation.

The company’s response to ARNECC’s decision emphasised continuity rather than disruption:

PEXA Commitment

“PEXA will continue to work with ARNECC and the relevant authorities to improve the existing national network with the aim of achieving greater national consistency and better outcomes for customers and consumers.”

This commitment signals the company’s focus on refining current infrastructure while maintaining collaborative relationships with regulatory bodies overseeing Australia’s property settlement framework.

What this means for PEXA shareholders

The regulatory decision removes one layer of uncertainty that could have impacted PEXA’s competitive positioning in its core Australian market. Without the interoperability framework proceeding, the company’s structural advantages remain intact, allowing management to concentrate on operational execution and international expansion.

PEXA’s strategic priorities following the announcement include:

• Continued collaboration with ARNECC on national network improvements
• Focus on national consistency initiatives
• International expansion in the UK market

The company’s UK operations provide evidence of its growth strategy beyond Australian borders. PEXA entered the UK digital refinancing market in 2022, followed by launching its Sale & Purchase capability in 2025, demonstrating progress in replicating its Australian model internationally.

With the interoperability question settled for the foreseeable future, investors can assess PEXA on its ability to deliver operational improvements, maintain market share, and execute its UK expansion strategy without the overlay of potential structural changes to its Australian network.

Want the Next Property Tech Opportunity in Your Inbox?

Join 20,000+ investors receiving FREE breaking ASX news within minutes of release, complete with expert analysis. Big News Blast delivers real-time alerts the moment market-moving announcements drop. Click the “Free Alerts” button to stay ahead on Property Tech, Finance, and every major non-resource sector.