A New South Wales parliamentary inquiry will examine competition in online property settlements in the wake of a series of technical issues at incumbent eConveyancing platform PEXA.
The inquiry, to be conducted by the Select Committee on Competition Reforms in Electronic Conveyancing, was approved by NSW Parliament this week following broad support from both the major and minor parties.
It is the second parliamentary inquiry now on foot across Australia, with federal Parliament expected to restart its inquiry into micro-competition opportunities.
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