Senate Economics References Committee - Melbourne, VIC (part 2 of 2)
9 September 2025
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Senate Economics References Committee Australian Parliament
00:00 - 00:09
Speaker 5
Change and continuous, role for all of these bodies to monitor, regulate, enforce, and influence in the years to come.
00:11 - 01:07
Speaker 66
In in terms of where we're at right now, and I think you will have heard the previous witnesses, they in their submission, so this is Doctor. Andre sorry, Mr. Andre and Doctor. Nichols, they identified a couple of conclusions that the interop... Interoperability process that you've been overseeing has been delayed, because other stakeholders have opposed reform and not because you don't have the resources to drive reforms, and also that there's little chance of making substantial change while PEXA continues to refuse to share its data standards and system functionality.
Just wondering if you could comment on those observations and what you see as the driver of the current project before us.
01:08 - 02:06
Speaker 5
So we have a number of reviews on foot, and it's come to a bit of a head, particularly around the IP issues and hesitation around sharing. And after some significant negotiation, that material, I believe, has been delivered to the project teams from PEXA and well, from the banks with PEXA's agreement. We are I think we are getting good progress on that front. We will get, I think, at the end of that of this review period, more information and as much information as we can obtain to make a sensible judgment decision as to how to proceed. I'd I'd say that I suppose Onek understands that PEXA is a commercial entity and has its own obligations to its shareholders, But we also consider them to be a highly regulated entity and have a social license to...
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