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PEXA Group Limited (ASX:PXA)

ALERT: Price-sensitive ASX Announcement for PXA
Current share price for PXA : $7.850 -3 (-27.65%)+
Announcement
Release
3 Jul 2026 8:21AM
Price at Release
$10.850
Full Release
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Summary
PEXA Group Limited, Australia's digital property exchange company, responded to the Independent Pricing and Regulatory Tribunal’s (IPART) draft report proposing a significant reduction in regulated service fees for Electronic Lodgement Network Operators (ELNOs), suggesting a 20% reduction in PEXA's revenue requirement. The proposed changes, aimed at impacting fees associated with property transfer transactions, are estimated to reduce PEXA's revenue by approximately $70 million. PEXA stressed the importance of gradually implementing these fee reductions over four years to manage its business effectively. The proposed fee changes are not expected to be in effect until 1 July 2027, with the current fee cap remaining through FY27. PEXA will actively engage in the public consultation process and continue to advocate for its stakeholders in the property settlement sector.
Key Points
  • PEXA acknowledges IPART’s draft report on ELNO service fees.
  • Draft proposes a 20% reduction in PEXA's regulated revenue.
  • Estimated revenue impact is about $70 million.
  • PEXA emphasizes phased reduction over four years.
  • Fee changes would commence from 1 July 2027 for a four-year period.
  • PEXA plans to participate in public consultations and hearings.
  • Investor briefing scheduled by PEXA for further engagement.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.