Category: Policy Reform

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

Building fintech castles in ASIC’s regulatory sandbox the play we need

This piece originally appeared in The Australian on June 14, 2016. View the original here.

When peer-to-peer lender MoneyPlace built its founding team no one anticipated that it would take 18 months to gain regulatory approval. That’s a long time in limbo for any business but for a start-up a delay of this length can be crippling. Read more

Call for comments on Personal Property Securities Register (PPSR) Reform

FinTech Australia has been invited to represent the Fintech industry as a member of the Personal Property Securities Register (PPSR) Stakeholder and Operations Forum. With a Government response to a review of the Personal Property Securities Act under development, now is the ideal time for FinTech Australia to bring the voice of the Fintech sector to the discussion. Read more

FINTECH AUSTRALIA SUBMISSION: FinTech Australia Recommendations for Reform of the Australian Financial Services

The following document has been prepared in consultation with Fintech Australia, the national financial services technology industry body, for the purposes of providing the Department of Treasury with clear recommendations for financial reform that would improve the operating environments for Fintech companies, in turn boosting the Australian economy.

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