Scope for interoperability settled as ARNECC moves to mandate key dates in regulation

Scope for interoperability settled as ARNECC moves to mandate key dates in regulation

Sympli welcomes the Australian Registrars National Electronic Conveyancing Council (ARNECC) announcement today that the scope for the interoperability releases has now been settled, as it moves to insert key interoperability dates into the Model Operating Requirements (MOR).

In a statement released today, ARNECC said that the scope, which refers to the data elements that ELNOs must share in an interoperable transaction in order for each ELNO to offer services to its customers, has been settled following extensive consultation workshops between all stakeholders, including industry.

A guiding principle of the Interoperability Program as ARNECC states is that interoperability must maintain or enhance the customer experience within a network. Sympli remains committed to ensure that interoperability maintains and supports the existing workflows and processes within the Sympli network and improves the experience for industry, including practitioners.

ARNECC also reiterated that they were working on updating the MOR to include deadlines by which interoperability capability must be developed, with ARNECC previously resolving on December 2025 for full interoperability.

Sympli Chief Executive Officer, Philip Joyce, said, “Sympli has always advocated that for customers to have genuine choice there must be no degradation of user experience between interoperable and ‘on-network’ transactions. This is a strong message from ARNECC that interoperability will support this outcome through comprehensive data exchange between networks.

We firmly believe that this is the building block for more innovation to better serve customers in our community. A great example is the Australian payments industry today. Common data exchange standards are driving better risk management and innovative customer solutions.”

“We also welcome ARNECC’s statement on updating regulation with key dates for interoperability. Inserting dates into regulation this year will give industry the certainty it needs.”