Winner of the Best Business Enabler 2005 Category

MFAA supports LIXI

Welcome

Welcome to our first newsletter for 2008. Since I last communicated with you the Board have been ensuring we have the appropriate focus to deliver on the key areas that you, our members, told us were important. Just to re-iterate they are: - Get more traction for the valuation standard, create a toolkit to assist our members articulate the business value of implementing efficiencies through the use of LIXI standards, remain focused on supporting the National Electronic Conveyancing initiative and build a more robust and transparent working group methodology to support the introduction of new standards. While it is early in 2008, the Board is already working on actions in these four areas. As tangible results begin to come through we will update you.

I am excited about introducing to you the first of our evening series on the 6th March. The evening series, which we intend to hold regularly to supplement our annual LIXI forum, is an opportunity for you to be updated on the initiatives happening within LIXI and to network with other members.

Apart from informing you of developments within LIXI, we also want these evening series to be an opportunity for members to help us shape future initiatives. To that end, we have selected some of the blue-sky topics presented by attendees at last year’s forum and would like you to vote for one of the five topics below when you RSVP your attendance to the evening series.

1. Settlement in 3 days: Share market transactions do it. How do we get there for property? What are the top 2 or 3 things LIXI could do to make a significant contribution to that goal?
2. Should LIXI be an innovator and industry catalyst rather than just a keeper of the standards?
3. LIXI for dummies - when does the book come out and should LIXI write the book?
4. How can we reduce the variation in implementations of LIXI and tighten the standard?
5. Where do we see LIXI in 3-5 years time? Best case vs worst case.

A formal invitation to the event will be sent separately. Please feel free to share with your colleagues.

I look forward to seeing you at our evening series and having some great discussion around one of the above topics.

John Hearne
Chairman LIXI Limited