Mrs Harvey questions the Minister for Transport on how the sale of PEXA will protect WA consumers from excessive fees due to a potential bank-controlled monopoly in e-conveyancing. The Minister denies responsibility, citing other market entrants and defending the sale as maximizing taxpayer value from a previous government decision.

AnsweredQoN 891Legislative Assembly
Asked
7 November 2018
Portfolio
Transport

QuestionView source ↗

LANDGATE — PEXA
SALE
891. Mrs L.M. HARVEY to the Minister for Transport:
I have a supplementary question.
Several members interjected.
The SPEAKER : Members, I want
to hear the supplementary.
Mrs
L.M. HARVEY : Can the minister
please advise the house how, in the sale of PEXA, she is going to protect Western
Australian consumers from being slugged excessive fees by what will be a bank-controlled
monopoly in e-conveyancing?

AnswerView source ↗

The answer is that it is not. I know
that the member for Scarborough wants to compare PEXA with selling off Western
Power, but there is no comparison! It is not going to be —
Several members interjected.
The SPEAKER : Members!
Ms R. SAFFIOTI : The answer is
no. There are other entrants into the market. If the member does not believe
that we should maximise the value for taxpayers in this quite extraordinary
transaction that the previous government undertook, she is wrong. This is about
making sure that taxpayers benefit in the long term from a decision made by the
previous government. We are not going to let taxpayers lose in this
transaction.

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