Two companies locked in a multi-year stoush over electronic conveyancing will front a Senate inquiry on Tuesday, as federal policymakers mull an intervention into the $800 billion property settlement market.
PEXA chief executive Russell Cohen, whose ASX listed company holds a monopoly on electronic property settlements, will respond to growing calls from its rival Sympli and parts of industry to make its platform interoperable.
Mr Cohen has hit back at the claims and says competition is welcome for PEXA, which was a collection of government-owned agencies before its privatisation in 2019 and now processes more than 20,000 family home settlements per week.
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