An update on PEXA pricing in FY21.
We hope you’re well and managing the best you can during these unprecedented times.
It’s certainly been an unexpected start to the year for most of us, first with the bushfires and now a global pandemic. To say it’s been a challenging couple of months is an understatement.
It’s with that in mind that we'd like to update you with the following news regarding the annual CPI increase for e-Conveyancing services.
As you know, the annual CPI fee increase for PEXA’s online lodgement and financial settlement facility typically comes into effect on 1 July. In light of the current situation, PEXA fees will not increase at the beginning of the financial year and will instead remain at the current levels until January 2021. We have asked ARNECC to allow PEXA to support the industry and provide the flexibility under the Model Operating Requirements (MOR) to delay any price increase.
As is usual, any future price adjustment will be in line with the Model Operating Requirements which are set and governed by ARNECC and will be calculated based on the Consumer Price Index for March 2020 (ABS 6410.0).
These are trying times and we understand there’s a lot of ambiguity in the market regarding the potential impacts of COVID-19. We sincerely hope this goes some way in helping you and your customers. If there’s anything else we can do to help, please reach out.
PEXA’s Pricing Policy can be found here.