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PEXA deal worries bankers

Nov 07, 2018 - Australian Financial Review

The $1.6 billion sale of electronic property settlement company PEXA to a consortium including the Commonwealth Bank of Australia has raised concerns in the banking industry.

The concerns are understandable given that CBA could gain a significant strategic advantage over its competitors from having a $100 million shareholding in PEXA.

Chanticleer wonders what the industry regulator, the Australian Registrars' National Electronic Conveyancing Council (ARNECC), thinks about one of the ...