FinTech Policy Updates
A fortnightly wrap-up of regulatory and policy updates relevant to the Australian FinTech sector
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Policy Update - January #2
FinTech at Parliament House, payments licensing roundtable with Treasury, interim response to AI review
Policy Update - January #1
Interim response to AI review, 'Super complaints' draft legislation consultation, new climate reporting reforms, Senate inquiry into Australia's retirement system - fintech in focus
Policy Update - December #1
New consultation on regulating Payment Service Providers, new CDR Rules take effect, final Government response to the quality of Advice Review
Policy Update - November #3
ASIC announces enforcement priorities, action initiation legislation to progress, BNPL consultation delayed
Policy Update - November #2
New consultation on Sustainable Finance, Unfair Contract Terms banned, review of continuous disclosure regime
Policy Update - November #1
FinTech Australia submission for Screen Scraping, follow-up consultation on Digital ID, AUSTRAC increasing penalties for failure to enrol
Policy Update - October #2
Consultation starts on a new regulatory framework for digital asset platforms, new legislation to regulate digital payments, new consultation paper on “payday super”
Policy Update - October #1
Government response to the Privacy Act Review, Digital Identity bill consultation, new white paper on Jobs and Opportunities
Policy Update - September #2
SME lenders' views on AFCA's new approach to small business lending complaints and Government introduces legislation to implement instant asset write-off
Policy Update - September #1
Treasury release Screen Scraping consultation, CDR rules to expand into non-bank lending sector, Government release Unfair trading practices consultation
Policy Update - August #2
Regulatory framework for MIS review, ASIC extend transitional relief for foreign financial providers, APRA release update on policy priorities schedule for ADIs
Policy Update - August #1
Government signs into law long-awaited ‘Version 5’ CDR Rules, new ACCC CDR developer portal, revised ACCC guidance for CDR data holders
Policy Update - July #2
APRA finalises new prudential standard on operational risk, ACCC invites views on data brokers, new National Anti-Scame Centre launches first ‘fusion cell’ to disrupt investment scams
Policy Update - July #1
Government responds to CFR de-banking recommendations, Government releases new consultation on clime-related financial disclosures, Government passes new Startup Year scheme
Policy Update - June #2
Government responds to Quality of Advice review, two new tax incentives legislated boosting SME digital and tech capacity, Government flags upcoming consultation on an ‘unfair trading’ prohibition
Policy Update - June #1
Treasury major payments system reform announcement and finalisation of the Strategic Plan, Government responds to Statutory Review of CDR, Governments new consultation on Safe and Responsible AI
Policy Update - May #2
Insights on Federal Budget 2023 and Senator Bragg’s Digital Asset bill referred for inquiry to the Senate Economics Legislation Committee