Australia: Payments Reform – Generational Change Coming
By Daniel Knight and Simon Kiburg
Earlier this month the government released a raft of documents on the future of payments regulation in Australia. These documents are:
- A Strategic Plan for Australia’s Payments System – “Strategic Plan” (available at: https://treasury.gov.au/publication/p2023-404960)
- the Payments System Modernisation (Licensing: Defining Payment Functions) – “Consultation Paper” (available at: https://treasury.gov.au/consultation/c2023-403207)
- the Reforms to the Payments Systems (Regulation) Act 1998 Consultation Paper – “PSRA Consultation” (available at: https://treasury.gov.au/consultation/c2023-403206)
In this Blog Post we take a deeper look at some of the key proposals from the Consultation Papers and what they will mean for operators in the payments ecosystem.
Read More