We help policymakers and regulators understand the needs of an efficient payments system.
In the 2017-18 Budget, the Government announced it will introduce an open banking regime in Australia.
The Government has commissioned an independent review to explore appropriate implementation and regulatory models, and timelines.
On 20 July 2017, the Treasurer the Hon Scott Morrison MP announced the appointment of Mr Scott Farrell as the independent expert to lead the Review into Open Banking. A report is due to Government by the end of 2017, with a response expected in early 2018.
Our submission to the Review was submitted on 22 September 2017 and is available to view below.
The Taskforce is developing innovative policies to combat the black economy.
As part of this work, the Taskforce is investigating measures to reduce the role of cash in the economy and further encourage the uptake of digital payments.
Following the release of the Interim Report in March 2017, the Taskforce embarked on a national road show. Subsequently, a further 54 policy ideas were released for consultation in August 2017. We lodged a submission to the Additional Policy Ideas consultation, and provided technical assistance to the Taskforce.
The Taskforce is due to submit a final report and recommendations to Government towards the end of 2017.