Hon Colin Tincknell asks about the government's PEXA shareholding and future plans regarding a potential IPO, as well as the identity of other e-conveyancing providers in WA. The Minister provides details on share numbers and alternative providers, but states no decision has been made on retaining or selling shares.

AnsweredQoN 965Legislative Council
Asked
16 October 2018
Portfolio
Lands

QuestionView source ↗

E-CONVEYANCING
TRANSACTIONS
965. Hon COLIN TINCKNELL to the minister representing the
Minister for Lands:
I refer to question without notice
538 asked by Hon Rick Mazza about e-conveyancing, which will become mandatory
in December.
(1) How many PEXA shares does the
government own?
(2) What is the total number of
shares issued?
(3) Has the
government made any decision to retain or sell its PEXA shares when PEXA is
floated on the stock market?
(4) What are the names of the other
two companies that will provide e-conveyancing in WA?

AnswerView source ↗

(1) Landgate holds 15 816 078 shares
in PEXA.
(2) The total is 133 668 856 shares.
(3) No decision has yet been
finalised.
(4) Both Sympli
Australia Pty Ltd and Purcell Partners, known as LEXTECH, have met stage 1
requirements to become an electronic lodgement network operator.

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