PEXA Statement for IPART Public Hearing

• PEXA Group Ltd is participating in the IPART public hearing
• PEXA believes the Building Block Model is inappropriate for digital infrastructure
• PEXA argues IPART's proposed Initial Asset Base is understated
• PEXA encourages a cautious approach to pricing recommendations
• Speaking notes and full hearing transcript will be available online

PEXA Group Limited is participating in the virtual public hearing held by the Independent Pricing and Regulatory Tribunal (IPART) of New South Wales as part of IPART's ongoing Review of Electronic Lodgement Network Operator service fees. PEXA's key messages include the belief that the Building Block Model is not appropriate for regulating digital infrastructure, the proposed Initial Asset Base is understated, and a more cautious approach to pricing recommendations is necessary. The company also believes IPART's draft report relies on flawed methodologies. PEXA's speaking notes and the full transcript of the public hearing will be available on their respective websites.