The Senate Select Committee on Financial Technology and Regulatory Technology has published its Interim Report.
Its 32 recommendations include that the Australian Government establish a market basis for determining the success of Australia’s financial regulators in supporting a pro-innovation and pro-competition culture in financial services.
The Report discusses issues such as the regulation of buy now, pay later services and screen-scraping but does not make any specific recommendations about them.
The Report deals with:
- COVID-19 recovery measures
- Tax issues
- Regulation issues
- refining and expanding the Consumer Data Right
- Access to Capital
- Skills and training.
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Author: David Jacobson
Principal, Bright Corporate Law
About David Jacobson
The information contained in this article is not legal advice. It is not to be relied upon as a full statement of the law. You should seek professional advice for your specific needs and circumstances before acting or relying on any of the content.