Policy Update - May #2
Current consultations on Credit Reporting and AML/CTF reforms
We are currently developing submissions in relation to
The Government's issues paper as part of an independent review of Australia's credit reporting framework;
A second round of consultation on reforming Australia's anti-money laundering and counter-terrorism financing regime.
We have already held initial group calls with members but please reach out if you are not already involved and would like to contribute to our submissions to either of these processes.
PSRA reforms debated in Parliament; Senate Economic Legislation Committee recommends passage
The Bill currently before Parliament containing reforms to the Payments Systems (Regulation) Act has progressed through Committee and was debated in the House of Representatives last week. The relevant amendments would allow the RBA and Treasurer to regulate a broader range of payment systems and the participants within them.
We are working on submissions to:
We recently made submissions on:
Payments System Modernisation (Regulation of Payment Service Providers) consultation paper
Reforms to the Payment Systems (Regulation) Act 1998 – Exposure draft legislation consultation
See our recent submissions on our website.
FinTech Australia regularly makes submissions to consultations across a wide range of policy and regulatory issues. Communications about how to get involved in these processes are distributed to our Policy Working Group membership.
