Today a new bill has been introduced into parliament aimed at improving Australia’s recently created Crowd-sourced Equity Funding, or “Equity Crowdfunding” legislation. FinTech Australia welcomes the introduction of this bill, which represents a substantial step forward in making Australia internationally competitive in this vitally important area. Read more
FinTech Australia welcomes direction of reforms proposed in Productivity Commission Draft Report to put consumers in control
Last week, the Productivity Commission released its draft report into Data Availability and Use. The research examines the costs and benefits of unlocking data held by the public and private sector, and of providing consumers with more transparency and control over Data. This in turn empowers consumers to make more informed decisions, and creates a more efficient, competitive business landscape. Read more
FinTech Australia supports implementation of new AML/CTF framework
Australia’s growing FinTech sector is reliant on an efficient and quick implementation of the new Anti-Money Laundering and Counter-Terrorism financing Act, Rules and Regulations (“AML/CTF Regime”) which should make provisions for new technologies such as digital currencies, digital currency exchanges and digital wallets. Read more
FinTech Australia receives $200,000 funding grant from Federal Treasury to promote Australia internationally as a leading FinTech innovation destination
FinTech Australia, the peak industry body for the Australian fintech industry, has received a much needed $200,000 funding grant from Federal Treasury to promote the emerging Australian fintech ecosystem internationally as a leading FinTech innovation destination. Read more