The arrival of Uber and its ilk in Australia has seen more $1 billion in taxpayer funds handed to the what’s now known as the point-to-point transport (ie including taxis) sector in compensation. And users in NSW will continue to be slugged for it until the end of this decade. The entire sector has been… Read more »
Finder’s crypto product, Earn, complied with the financial law, the Federal Court has found, dismissing legal action launched by the corporate regular against the fintech. It was a comprehensive win against the Australian Securities and Investments Commission (ASIC) for Finder, with Justice Brigitte Markovic also awarding costs against the regulator. ASIC sued Finder Wallet for… Read more »
OpenAI, developer of ChatGPT and a leading innovator in the field of artificial intelligence (AI), was recently thrown into turmoil when its chief-executive and figurehead, Sam Altman, was fired. As it was revealed that he would be joining Microsoft’s advanced AI research team, more than 730 OpenAI employees threatened to quit. Finally, it was announced… Read more »
On Monday US President Joe Biden released a wide ranging and ambitious executive order on artificial intelligence (AI) – catapulting the US to the front of conversations about regulating AI. In doing so, the US is leap frogging over other states in the race to rule over AI. Europe previously led the way with its… Read more »
Australia’s eSafety Commissioner, Julie Grant, has found X (formerly Twitter) guilty of serious non-compliance to a transparency notice on child sex abuse material. The commissioner has issued X with an infringement notice for A$610,500. The commissioner first issued transparency notices to Google, X (then Twitter), Twitch, TikTok and Discord in February under the Online Safety… Read more »
Cryptocurrency exchanges will need to need to hold an Australian financial services licence (AFSL) under plans to regulate the sector from the federal government. A proposal paper on regulating the sector has been released by Treasury for feedback by December 1. The government wants to use existing financial services laws with threshold triggers, including an… Read more »
Senator Andrew Bragg is pushing once again to introduce regulation for the cryptocurrency sector in Australia, amid ongoing exchange collapses and US regulators investigating alleged illegal activity by Binance. The NSW Liberal, now in opposition, introduced a private senator’s bill to the Senate on Wednesday, accusing financial services minister Stephen Jones of being “uninterested in… Read more »
The architect of the Senate report into regulating Australia’s cryptocurrency sector, released nearly a year ago, says the new Labor government needs to get on with introducing legislation rather than once again reviewing existing reviews into the issue. Liberal senator Andrew Bragg coauthored a landmark Senate Select Committee report into digital asset regulation last year,… Read more »
The Albanese government is looking to map out Australia’s cryptocurrency landscape, taking a slower approach to digital asset regulation and reform than the former Morrison government. In a joint announcement on Monday by federal treasurer Jim Chalmers, Assistant Treasurer Stephen Jones and competition, charities and treasury assistant minister Dr Andrew Leigh, they said “the first step… Read more »
Rod Sims, chair of competition watchdog the ACCC, has told his colleagues around the world that the dominance of Apple and Google in app marketplaces may need to be tackled globally with new rules and regulations. In a speech to the Global Competition Review webinar outlining how Australia has been tackling the issue through the… Read more »
Digital transformation and innovation and disruption are the two big fears keeping Australian business leaders up at night, a survey has found.
Almost 70 percent of Australian fintech startups are post-revenue and 19 percent are profitable, median revenue growth across the sector up 2.25x on 2017, a report has found.
Airbnb is making a play for the luxury travel market, today unveiling a series of new offerings as part of a roadmap for its “core Homes business”.
ASIC has signed an agreement with the United Arab Emirates’ ADGM FSRA, which outlines how both nations will collaborate to support fintech startups.
Thirteen companies have banded together to launch the Regtech Association, a group focused on facilitating collaboration and growth in the regtech sector.
‘Have I gone too far?’ How founders can beat their startup demons 
Smart hotels get even smarter: 72 Byte to launch in Australia with AI expert backing 
Tassie carbon accounting startup banks $5.3 million Seed round 
Eucalyptus head of growth Matt Rossi departs to launch his own marketing startup, Oodle 
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