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PEXA Responds to Release of Submission in NSW Review of ELNO Service Fees

Story Highlights
  • PEXA has acknowledged IPART’s publication of its redacted submission to the ongoing review of ELNO service fees in New South Wales.
  • The company welcomes continued participation in the fee review, highlighting the regulatory process’s significance for its digital property exchange business and the wider e-conveyancing market.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
PEXA Responds to Release of Submission in NSW Review of ELNO Service Fees

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PEXA Group Limited ( (AU:PXA) ) just unveiled an update.

PEXA Group Limited has acknowledged the release by the New South Wales Independent Pricing and Regulatory Tribunal of a redacted version of its submission to the ongoing review of service fees charged by Electronic Lodgement Network Operators. The company has welcomed the opportunity to contribute to this regulatory process and signalled its intention to remain actively engaged in the review over the coming months, underscoring the importance of pricing oversight for its core digital property exchange operations and the broader electronic conveyancing market.

The most recent analyst rating on (AU:PXA) stock is a Buy with a A$16.09 price target. To see the full list of analyst forecasts on PEXA Group Limited stock, see the AU:PXA Stock Forecast page.

More about PEXA Group Limited

PEXA Group Limited is a world-leading digital property exchange business listed on the Australian Securities Exchange, providing an electronic platform that facilitates property settlements and lodgements. Since 2013, it has processed more than 20 million property settlements and now handles around 90% of all property transfer settlements in Australia, while also expanding internationally into the UK digital refinancing and property sale and purchase markets.

Average Trading Volume: 298,205

Technical Sentiment Signal: Hold

Current Market Cap: A$2.51B

See more data about PXA stock on TipRanks’ Stock Analysis page.

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