A major milestone has been reached which will allow for competition in eConveyancing, with Commonwealth and state ministers today welcoming the first successful property transactions taking place between Electronic Lodgement Network Operators (ELNOs). Currently all lawyers, conveyancers and banks involved in electronic conveyancing (eConveyancing) property settlement transactions must use the same ELNO. Interoperability will allow for competition and is the next stage in eConveyancing reform, bringing together industry and government stakeholders to deliver a competitive market of ELNO operators.

https://www.miragenews.com/landmark-achievement-ushers-in-competitive-1083149/

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