Fintech| 19 Jun 2023
The Federal Government is seeking feedback on seven defined payment functions that will support a new tiered, risk-based licensing framework for payment service providers (PSPs). We examine the functions.
Fintech| 19 Jun 2023
The Federal Government has proposed changes to the Payment Systems (Regulation) Act 1998 to ensure both government and regulators have scope to address novel risks around payments. We examine the proposed reforms.
Fintech| 19 Jun 2023
Treasury has released three publications about the Government’s strategic plan for Australia’s payments system, licensing of payment service providers, and reforms to the Payment Systems (Regulation) Act 1988 (Cth).