PEXA Group Ltd Investor Briefing Transcript
Thank you for standing by, and welcome to the PEXA investor briefing following IPART draft report. (Operator Instructions)
I would now like to hand the conference over to Mr. Russell Cohen, CEO and Group Managing Director. Please go ahead.
Before I do so, I'd like to thank the investors and all interested parties who made submissions to IPART in response to its proposed methodology released at the end of March. We appreciate you taking an interest in the process and using your voice to guide their review.
Given the uniqueness of PEXA, it is invaluable for IPART to receive your insights and recommendations to inform their decision-making. We have conducted an initial review of IPART's draft report as released this morning, and we note that IPART's draft recommendation is to reduce PEXA's exchange regulated revenue requirement by approximately 20% through a one-off reduction of most transfer transaction fees. This reduction will likely only
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