Media releases & news
17 December 2018 Sympli lodges first electronic document in Victoria
Sympli Australia Pty Ltd (Sympli), the newest e-Settlement solution to enter the conveyancing market, commenced operations in Victoria earlier today.
7 December 2018 Sympli has commenced operations by lodging its first document in Queensland earlier today
23 November 2018 Sympli receives final ARNECC approval to establish competition in electronic property settlements
Sympli Australia Pty Ltd (Sympli) is pleased to announce that it has received Category 2 approval from the Australian Registrars’ National Electronic Conveyancing Council (ARNECC), the industry regulator, paving the way for competition and choice in the e-conveyancing market.
6 July 2018 Sympli receives Category 1 approval to operate as an ELNO
Sympli Australia Pty Ltd (Sympli) is pleased to announce 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.
21 June 2018 PEXA - is it worth it?
With the imminent arrival of Infotrack’s Sympli, it’s a good time to examine the e-settlement incumbent – PEXA – and whether e-settlements live up to the hype.
31 May 2018 Property settlement fight pits float hopeful PEXA against ASX
There's nothing like a bit of corporate intrigue to liven up the normally quiet world of property conveyancing. May 31 will go down as a big day in the sector's history.
The long-awaited blow to the $1 billion-plus sales ambitions of electronic property settlements group PEXA was delivered on Thursday, when ASX Ltd formally announced its intention to partner with legal software group InfoTrack and create a challenger to PEXA's monopoly.
ASX will invest $30 million over the next few years to help create a new company called Sympli, which it will own with InfoTrack. The pair expect the business to break even in 2020-21 and puts the value of the potential market at $200 million a year.
31 May 2018 ASX launches Sympli, its first foray into the electronic property settlement market
ASX Limited has unveiled plans to invest alongside technology group InfoTrack and enter the $200 million electronic property settlement market, pitting it against bank and state government owned Property Exchange Australia.
In a statement on Thursday, ASX said it was teaming with Australian Technology Innovators, the parent of InfoTrack, to form Sympli Australia.
The exchange cited its own analysis which estimated the Australian electronic property settlement had potential annual revenues of more than $200 million.