• No undisclosed information that could explain recent trading
• IPART's consultation paper on initial asset base methodology
• Remains compliant with Listing Rules, including Rule 3.1

PEXA Group Ltd (PXA) responded to an ASX price query regarding the recent change in the price and volume of its securities. The company stated that it is not aware of any information concerning it that has not been announced to the market which could explain the recent trading. PXA explained that the recent price movement was due to the release of a consultation paper by IPART on the methodology for calculating the initial asset base for an Electronic Lodgment Network Operator. The company clarified that the paper does not constitute a decision, is open to change, and contains illustrative examples which should not be read as guidance. PXA confirmed that it remains compliant with the Listing Rules, including Listing Rule 3.1, and that its responses have been authorized by the CEO and Group Managing Director. The company noted that the proposed approach by IPART is a key element in the 'building block' method used for price recommendations, but there are multiple other inputs that remain uncertain and open to discussion.