Sympli receives Category 1 approval to operate as an ELNO

Sympli Australia Pty Ltd (Sympli) has announced that it has received Category 1 approval from the Australian Registrars’ National Electronic Conveyancing Council (ARNECC) to become an Electronic Lodgment Network Operator (ELNO).

This takes Sympli a significant step closer to providing the conveyancing market with a choice in e-Settlement solutions.

As a result, Sympli can now commence negotiations for approval to provide and operate as an ELNO with each State and Territory Registrar.

Sympli plans to work closely with each State and Territory Registrar on this process and to apply with ARNECC for Category 2 approval, which is required before Sympli can commence operating its Electronic Lodgment Network.

On 31 May 2018, ASX Limited (ASX) and InfoTrack Pty Limited (InfoTrack) announced the establishment of Sympli – planned to be a seamless, intuitive and efficient electronic property settlements solution, which will support the market’s adoption of the National e-Conveyancing Initiative.

Subject to final regulatory approvals, Sympli expects to begin operations towards the end of 2018.