• IPART proposes a 20% reduction in PEXA Exchange's regulated revenue requirement
• Estimated $70 million in revenue reduction over one year
• PEXA advocates for a phased reduction over four years
• Public consultation on the draft report is open until 14 August 2026
• Investor briefing scheduled for today at 9:30am AEST

PEXA Group Limited (ASX: PXA) has acknowledged the draft report by IPART regarding the Review of Electronic Lodgement Network Operator (ELNO) service fees. The Draft Report proposes a reduction in PEXA Exchange's regulated revenue requirement by approximately 20%, equating to an estimated $70 million over one year. PEXA will emphasize the importance of phasing any price reduction over four years to manage the business appropriately. The Draft Report is subject to public consultation before IPART provides its final recommendations to the Australian Registrars' National Electronic Conveyancing Council (ARNECC). Any changes to regulated ELNO service fees would not take effect before 1 July 2027, applying for a four-year period through to FY31. PEXA will participate in all remaining aspects of IPART's Review of ELNO service fees. A public hearing is scheduled for 21 July 2026, with final submissions due by 14 August 2026.

Estimated $70 million in revenue reduction over one year

PEXA will participate in the remaining aspects of IPART's Review of ELNO service fees, with public consultation open until 14 August 2026.