Policy Update - August #2

Feedback sought: Senate Inquiry into Lending

FinTech Australia will be preparing a submission in response to the Senate Inquiry into lending and home ownership, with a focus on how lending regulation could be reformed to help first-home buyers into a home.

We will circulate further information to our Lending Policy Working Group and invite any interested members to contact our policy team about contributing to our submission before the consultation closes on 26 September 2024.

Feedback sought: Draft submission to 'CDR Rules: Consent and Operational Enhancement Amendments' Consultation Paper

FinTech Australia is seeking feedback on a draft submission to Treasury's consultation paper, CDR rules: consent and operational enhancement amendments before consultation closes on 9 September 2024. Last week we had an initial group discussion with members and have developed a draft submission based on this feedback. If you would like to provide input, please contact our policy team.

Revitalising National Competition Policy Consultation

Treasury has released a consultation paper on options for revitalising the National Competition Policy (NCP). Feedback is sought on updating competition principles and reforming institutional and governance frameworks to better support current and emerging competition issues.



Fintech Australia does not propose making a submission but please reach out if this consultation is of interest.

We are working on submissions to:

1. Consumer Data Right Rules: consent and operational enhancement amendments consultation

2. Senate Inquiry into lending and home ownership

We recently made submissions on:

1. Reforming Australia’s AML and CTF Regime

2. Review of Australia’s Credit Reporting Framework

3. Credit Reporting Code variations consultation

4. Buy Now Pay Later regulatory reforms

5. NSW Innovation Blueprint

6. ACCC Designated Complaints determination

7. Inquiry into Payments Systems (Regulation) Act amendments

8. Payments System Modernisation (Regulation of Payment Service Providers) consultation paper

9. 2024–25 Pre-Budget submission

10. Regulating Digital Asset Platforms - Proposals Paper

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.

Lastly, thank you for the warm welcome from our community members as I step into the new role. I'm looking forward to meeting with many of you at Intersekt, but please feel free to reach out to me directly anytime for support.

Kind regards,

Katie Wilson,

Head of Policy,

FinTech Australia