PXA pexa group limited

Ann: PEXA 3Q25 Update, page-8

  1. 202 Posts.
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    and 3 weeks later PEXA becomes last man standing?

    https://hotcopper.com.au/data/attachments/7050/7050732-2efe0e2581afcd2a4c550aa35150ec07.jpg

    Sympli, the ASX-backed property settlement provider that has fought for years to connect with the banks and break a PEXA monopoly on conveyancing services, has conceded that this is unlikely and proposed giving up that business and work with its larger rival instead.

    While Sympli has argued that PEXA is only protecting its monopoly, the company’s chief executive said it wanted to now pursue a so-called practitioner first model that saw it use, not compete, with its rival.

    “A practitioner-first release means that the banks remain on the monopoly network, whilst we offer choice to tens of thousands of lawyers and conveyancers’,” Sympli chief executive Philip Joyce said

    In response to Sympli’s push to set aside the interoperability plan for now and focus on the practitioner first mode, a PEXA spokesman said it was “not the role of competitors to engage in discussions about the regulatory structure of an industry which would have commercial implications for both businesses”. “If the regulator or any state government seek to consult on alternative models, we would be happy to engage,” he said.
 
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