To ensure the integrity of the network, PEXA operates under the regulatory framework developed by the Australian Registrars’ National Electronic Conveyancing Council (ARNECC). Industry safeguards include the Participation Agreement, Verification of Identity and Digital Certificates
Anyone who meets the Eligibility Criteria in the Model Participation Rules (MPR)can join the PEXA network. The MPR requires an applicant to have an ABN, be a Person (including body corporate) or partnership, be of good character and meet the Insurance Rules[IL2] .Lawyers and conveyancers can register online.
The Participation Agreement (PA) is a contract between PEXA and each of the network customers. It includes obligations concerning privacy, confidentiality, liability, suspension, termination, insurance, disputes and change management.
It also includes our Service Charter, Pricing Policy, Security Policy, the terms and conditions governing Financial Settlement and a commitment to comply with the Model Participation Rules (MPR), as outlined by the ARNECC.
The persons who execute the PA are required to have their identity verified face-to-face. This Verification of Identity (VOI) can be completed either directly with PEXA, through a PEXA Sponsor or with one of our VOI agents (you can visit a participating Australia Post outlet, or use ZipID or IDSecure’s ‘come to you’ service). VOIs help to maintain the integrity and security of the network.
Your Digital Certificate enables you to electronically sign documents safely and securely. When you sign a document with your Digital Certificate, the data is encrypted. The receiving computer then checks the data to verify its integrity and make sure it wasn’t altered in transit. PEXA will help you to obtain a Digital Certificate as part of your registration.
You can also order additional PEXA Digital Certificates if needed, click here to download and fill out the form.
In 2011, Australia’s six states and the Northern Territory set the regulatory framework for national electronic conveyancing by entering into an Intergovernmental Agreement (IGA) known as the Electronic Conveyancing National Law Agreement.
The Electronic Conveyancing National Law (ECNL) governs the operation of e-Conveyancing in Australia. Each state and territory implements the ECNL by separate legislation. In accordance with the ECNL, the registrar in each jurisdiction has declared operating requirements and participation rules based on the Model Operating Requirements (MOR) and Model Participation Rules (MPR) developed by ARNECC.