Open banking will be phased in with all “major banks” to make data on credit and debit card, deposit and transaction accounts available by 1 July 2019.
Australia’s small businesses may see some relief this financial year with Treasurer Scott Morrison announcing the extension of the $20,000 instant asset write-off in the 2018-19 Federal Budget.
The review will help develop new metrics to accurately measure innovation to “guide evidence-based policy and better target investment in innovation”.
The ACCC is launching an inquiry into the impact of digital platform providers like Facebook and Google on competition in the media and advertising markets.
Scott Morrison warned today that the tech sector must do more to explain the benefits of leveraging technology to wider Australia.
The Federal Government has today revealed a new legislative package that will allow private companies to access equity crowdfunding.
ASIC has announced it will be opening applications for CSF licences, allowing eligible public companies to sell shares through a licensed intermediary.
I am wary of the obsession in the startup ecosystem of needing to use certain buzzwords in order to feel validated by Australian society and our Government.
Though innovation may not have been a big part of Morrison’s speech, there are hints buried in the budget papers that maybe something is in the pipeline.
The government on Friday struck a deal to see the Senate pass a number of the tax cuts for businesses proposed in its 2016 Budget.
Federal Treasurer Scott Morrison has underlined the government’s support for fintech, telling the G20 Conference on digitising finance, financial inclusion, and financial literacy in Germany of the potential of financial technology to help shape Australia’s economy going forward.
First announced by Scott Morrison in May, ASIC has launched its ‘regulatory sandbox’ for fintechs looking to test new financial products and services.
After a few months on the shelf, the Government has returned to the issue of equity crowdfunding, introducing a new bill into Parliament yesterday.
Australia’s peak fintech body, FinTech Australia has received a $200,000 funding grant from the Federal Treasury to promote Australia as a world leading fintech destination.
In the 2016 budget the Government introduced the new Youth Jobs PaTH Programme (which stands for Prepare, Trial, Hire) and states that the Government will invest $752 million into helping young job seekers move off welfare and into employment.