The Street Talk section in the AFR (12/1/18) claims: “Sources said InfoTrack had applied to the industry regulator to join PEXA as an approved Electronic Lodgement Network Operator, which would make it Australia’s second such approved operator, and had gone so far as to notify PEXA of its plans.”
The combination of mandated e-settlements and a single operator had the makings of a monopoly marketplace. A second operator will instantly end any such monopoly.
Legal Practice Intelligence has contacted InfoTrack for a response to the AFR article. Check back for further updates. We will be following developments closely.