PEXA – problems with real estate transfer

bird s eye view of three houses
Property sales and subdivision

PEXA is now increasing as the property settlement technology.

This new technology is challenging experienced conveyancers.

Reports are that the system has been hacked and is prone to being manipulated by organised crime syndicates.

This new technology holds lots of personal and financial data and we must ensure there are strong penalties for data misuse and data breaches.

I will ask the Audiitor General to specifically review the PEXA system