Policy Update - May #1
House Economics Committee - Inquiry into promoting economic dynamism, competition and business formation
FinTech Australia appeared today alongside a panel of members at a public hearing on the ongoing Inquiry into promoting economic dynamism, competition and business formation.
Thank you to our members who represented the fintech community at the hearing. If you would like to get involved in the next steps of this Inquiry, please reach out to our policy team.
FinTech Australia's initial submission to this Inquiry focused on 4 key areas:
Prioritising forward-looking, transformational reforms;
Addressing systemic issues which diminish competition;
Creating incentives to lower the barriers to growth;
Empowering regulators to better support competition and innovation.
Attorney-General's Department - Modernising Australia's anti-money laundering and counter-terrorism financing regime
The Attorney-General's Department recently launched a public consultation on proposed reforms of Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) regime.