Sympli welcomes go-live dates for full interoperability
Sympli has stated that it welcomes the Australian Registrars National Electronic Conveyancing Council (ARNECC) update to the operating requirements to ensure that full interoperability be ready by no later than the end of 2025.
Yesterday, ARNECC released a consultation draft of the Model Operating Requirements (MOR), which will require that Electronic Lodgement Network Operators (ELNOs) design, build and test all technical and functional capability for interoperable transactions on or before 31 December 2025. This date was determined by ARNECC earlier this year following a robust review into interoperability timing conducted by Accenture.
Mandating these dates is another significant step to ensuring that interoperability competition reforms stay on track for the benefit of industry and consumers.
Sympli looks forward to continuing to work with industry, financial institutions, and governments to ensure that these competition reforms take effect as soon as possible.
Submissions on the draft MOR changes close 31 October 2023.
Sympli’s Chief Executive Officer Philip Joyce (pictured) said, “It is critical that the dates proposed by ARNECC are mandated as soon as possible to ensure that these reforms are finally implemented. All industry stakeholders are looking for certainty to guide a thorough implementation process.”
“Only one-party benefits from further delay and that is the monopoly. These reforms will bring the benefits of competition to thousands of businesses and millions of people across the country. We must continue the momentum as an industry and follow through on promises made to consumers.”