Electronic Lodgment Network Operators
Electronic Lodgment Network Operators (ELNO) provide the means, an Electronic Lodgment Network (ELN), for transacting parties or their representatives to collaborate electronically on the preparation of registry instruments, the settlement of the funds and the lodgment of instruments with the land registry to complete conveyancing transactions.
ELNOs are approved by the registrar in each state and territory to operate in that jurisdiction.
Property Exchange Australia Ltd (PEXA) is approved to operate in New South Wales, Victoria, Queensland, Western Australia and South Australia. PEXA can be accessed directly or via a PEXA Sponsor.
Purcell Partners Pty Ltd was assessed as meeting the Schedule 3, Category 1 requirements of the Model Operating Requirements (MOR v4) on 15 May 2018 and can now commence negotiations for approval to provide and operate as an ELNO with each state and territory registrar. Further advice will be published here when the company is approved to operate as an ELNO.
Sympli Australia Pty Ltd was assessed as meeting the Schedule 3, Category 2 requirements of the Model Operating Requirements (MOR v4) on 21 November 2018 and can now commence negotiations to operate an ELN with each state and territory registrar.
Application to become an ELNO
Please note that the current regulatory environment is under review and changes are foreshadowed in the IGA Review Final Report.
If an organisation is considering applying to become an ELNO, it is recommended that they first read the following background documents, which provide important information on the requirements to become an ELNO:
- Applying to become an ELNO fact sheet
- Electronic Conveyancing National Law
- Model Operating Requirements
- Model Operating Requirements Guidance Notes.
If, after considering these documents, an organisation would like to submit an application, they should: