PEXA’s world-first digital settlements has revolutionised the way we exchange property in Australia. By providing quicker access to the proceeds of a sale and near real-time tracking on property settlements, our network of financial institutions and legal and conveyancing firms helps over 20,000 families a week safely settle their homes.
PEXA is regulated by the Registrar in each State where it is active.
The Australian Registrars’ National Electronic Conveyancing Council (ARNECC) was established to facilitate and coordinate a national approach for the development and ongoing maintenance of the regulatory framework for e-conveyancing in Australia.
ARNECC is comprised of the Registrar of each state and the NT and its principal function is advisory. Registrars from each state and territory are responsible for regulation in their own jurisdiction.
Under the Electronic Conveyancing National Law (ECNL), ARNECC has determined Model Operating Requirements (MORs) and Model Participation Rules (MPRs), with which Electronic Lodgement Network Operators (ELNOs) and their subscribers must comply. Currently, PEXA is Australia’s only electronic conveyancing platform capable of multi-party transactions.
To ensure the integrity of the network, ARNECC has developed a regulatory framework, under which PEXA operates. Industry safeguards include the Participation Agreement, Verification of Identity and Digital Certificates.
To further ensure the integrity of the network, PEXA has a number of subscriber policies and agreements in place. These include the Participation Agreement, Service Charter and Security Policy amongst others.
The Electronic Conveyancing Group comprises the Australian Bankers’ Association, Australian Institute of Conveyancers and Law Council of Australia. As representatives for their respective industries, PEXA and the ECG work closely together in creating ongoing improvements and efficiencies through variations to the Representative Subscriber Participation Agreement.
ABA and COBA act as Representative Bodies for the Financial Institution Subscribers within the network. PEXA consults with the ABA and COBA for all proposed variations to the Financial Institution Participation Agreement and Service Charter.
PEXA also works closely with the ABA and COBA on behalf of their respective members in relation to industry reforms, such as the National Mortgage Form.
The AIC are an incredible supporter of the digital efficiencies borne through PEXA and assist their members through a robust Electronic Conveyancing Accreditation Program. PEXA works closely with the AIC at both a state and national level through conferences, publications and industry sessions.
The law societies in each state support industry transformation by exchanging news, information and articles for publication. The state law societies also co-present industry events about online property settlement with PEXA.
Here at PEXA, we may just be getting started but we have already come such a long way thanks to our incredible people.
As the proud recipients of #3 in Wrk+'s Best Places to Work 2021, we thought we would show you what it is like to be a part of our team.
A career at PEXA is exciting, challenging and rewarding, and we are always on the lookout for talented individuals to join the team. With locations across Australia, our opportunities are diverse, from Operations to Technology, Corporate Development to Legal or Finance, People and Culture and beyond. Our employees are what make PEXA such a great place to work, so recruiting and retaining top talent is priority.
With a culture centred on innovation, collaboration and making a difference, we offer a range of truly diverse employee benefits and rewards, and promote programs that foster the continuous learning and development of our people in their careers. Please click below for more information about a career at PEXA, and to check out our current opportunities.
Melbourne (HQ)
T: 03 7002 4500
E: info@pexa.com.au
Tower 4, Level 16, Collins Square 727 Collins Street, Melbourne VIC 3008
Sydney
T: 03 7002 4500
E: info@pexa.com.au
Suite 3, Level 41, 225 George Street, The Rocks NSW 2000
Brisbane
T: 03 7002 4500
E: info@pexa.com.au
13/300 Ann Street, Brisbane, QLD 4000
Perth
T: 03 7002 4500
E: info@pexa.com.au
Flux, Level 1, 191 St Georges Terrace, Perth WA 6000
Adelaide
T: 03 7002 4500
E: info@pexa.com.au
Level 1, 89 Pirie Street, Adelaide SA 5000.
Our support centre provides free support Monday to Friday between 8.30am and 6.30pm AEST/DT.
T: 1300 084 515
F: 03 9621 2182
E: support@pexa.com.au
Our media team is here to help with your media-related enquiries.
Stuart Allott
General Manager – Media and Stakeholder Engagement
T: +61 402 321 769
E: stuart.allott@pexa.com.au
T: 03 7002 4500
E: legal.notices@pexa.com.au
Tower 4, Level 16, Collins Square 727 Collins Street, Melbourne 3008
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