Tag: Treasury

Data quality concerns surround open banking scheme

Posted on   |  by Joseph Brookes
Questions remain about the quality of data being used in Australia’s “world leading” consumer data portability scheme one year after it was launched, according to its newest entrant. Basiq,...

Treasury to open up Consumer Data Right

Posted on   |  by Joseph Brookes
Treasury is developing new rules for Australia’s Consumer Data Right which would significantly expand businesses’ access to consumer data, following criticism that the accreditation requirements to participate are too...

Govt seeks foreign investment tech platform

Posted on   |  by Denham Sadler
The federal government has gone to the market for a tech provider to develop a new foreign investment IT platform to replace the existing system, which has “not kept...

Govt flags ‘technology neutral’ law reforms

Posted on   |  by Joseph Brookes
The government plans to introduce legislative reforms this year to make Australia’s laws “technology neutral” and make permanent many of the digital communications allowances introduced during the pandemic. Treasurer...

Treasury takes control of small business policy

Posted on   |  by Denham Sadler
Small business policy and programs responsibility has been moved to Treasury from the Department of Industry as part of a Machinery of Government rearrangement. The Administrative Arrangements Order, signed...

Three years: Credit reporting laws remain stalled

Posted on   |  by Denham Sadler
Despite Scott Morrison labelling it a “life-changing” reform in 2017 as the then-Treasurer, the federal government is yet to pass legislation that introduces a mandatory comprehensive credit reporting scheme...

E-invoicing is boring, but worth billions to economy

Posted on   |  by James Riley
The federal Treasury department has gone live with its automated e-invoicing system, using an all-Australian software platform developed by Brisbane-based ERP software giant Technology One and Adelaide-based Link4. With...

Open banking’s majestically slow start

Posted on   |  by Denham Sadler
Australia’s Consumer Data Right scheme has received a further $20 million after the opening banking regime’s slow start this month, with only one FinTech signed up as a data...

Growth Fund gets Senate green light

Posted on   |  by Denham Sadler
A Senate Committee has given the green light to the government’s plan to contribute $100 million of taxpayer money to a business growth fund following a “ridiculously short” inquiry....