23/07/2026
IPART has published the transcript of its 21 July public hearing on ELNO service fees. It's worth reading, and here's what stood out to us.
The strongest theme of the day was ancillary services. Industry participants, including the Australian Banking Association and prominent conveyancers all made the same point: if the regulated perimeter covers only core transaction fees, a dominant operator can simply reprice the APIs and integrations around them and shift the revenue straight back out.
The encouraging part: IPART said it is "actively considering whether these services should in fact be regulated," and acknowledged APIs "can be increasingly classed as necessary rather than optional and by their nature are not subject to competition." We support that, and our submission will argue that everything connecting into the ELN belongs inside the regulated perimeter.
Two more key takeaways from us:
The reduction should land in full and all at once - phasing it over years simply delays the benefit to practitioners and their clients.
Regulation isn't the end goal - once interoperability is enabled and real competition is in place, the case for price regulation falls away.
Fair pricing today. Real competition tomorrow.
Submissions close 14 August.