Regulation

News on regulation, including from Treasury, the RBA, ACCC, AUSTRAC and other authorities.

RBA’s next payments war set to engulf Apple, Amex, BNPL and Big Tech

RBA’s next payments war set to engulf Apple, Amex, BNPL and Big Tech

A new Reserve Bank review set to land tomorrow will open a fresh front on the payments battleground before merchants and the ...
ASX admits CHESS claims misled market, faces $20.5m penalty

ASX admits CHESS claims misled market, faces $20.5m penalty

The Australian Securities and Investments Commission (ASIC) has struck a proposed settlement with ASX Limited after the market operator admitted it misled ...
Amex ordered to compensate customer after privacy breach

Amex ordered to compensate customer after privacy breach

The Australian Privacy Commissioner has ordered American Express Australia to compensate a customer, apologise and strengthen internal controls after finding the card ...
Inside a Telstra impersonation scam that hit a Sydney grandmother

Inside a Telstra impersonation scam that hit a Sydney grandmother

I'm writing about this scam because the mechanics of it map almost perfectly onto the scam categories regulators are now trying to ...
RBA signs off on RITS review as overhaul gathers pace

RBA signs off on RITS review as overhaul gathers pace

The Reserve Bank's Board has approved a fresh review of Australia's critical settlement system, with the findings set to be released as ...
Industry considers who pays when PayTo goes wrong

Industry considers who pays when PayTo goes wrong

More than 30 payment providers met with Australian Payments Plus (AP+) on Friday, as Revolut’s recent zombie fraud issue pushed PayTo's awkward ...
The RBA hasn’t banned surcharges — and the difference matters

The RBA hasn’t banned surcharges — and the difference matters

Misunderstanding the scope of the Reserve Bank of Australia’s change of position will cost merchants real money and acquirers real customers — ...
Australians yawn at CBDC as RBA explores future of digital money

Australians yawn at CBDC as RBA explores future of digital money

Australians are more interested in solving real-world payment frustrations than adopting a digital version of the Australian dollar, according to early findings ...
QR, Crypto and PayTo fail to attract consumer take up despite investments: RBA

QR, Crypto and PayTo fail to attract consumer take up despite investments: RBA

Continuing investment and marketing spend on QR, Crypto and PayTo payments have failed to convince consumers to walk away from the convenience ...
Record electric vehicle sales as the bowser bites family budgets

Record electric vehicle sales as the bowser bites family budgets

Boasting nearly $700 a year savings, the switch to electric vehicles has never looked so good for Aussies amid the Middle East ...
From Block HQ, ASIC challenges payments fintechs to step up innovation and lending competition

From Block HQ, ASIC challenges payments fintechs to step up innovation and lending competition

ASIC is preparing a pathway for payments fintechs and platforms like Stripe, Block, PayPal and Tyro to ramp up competition with banks ...
CGT reform fears spark fintech founder backlash over innovation exodus

CGT reform fears spark fintech founder backlash over innovation exodus

Australia’s fintech sector has warned proposed capital gains tax reforms could cripple startup investment, weaken employee equity incentives and push founders, talent ...

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CBA elevates AI with tech leadership shake-up

Banking giant HSBC hit with $35m penalty over systemic scam protection failures

RBA’s next payments war set to engulf Apple, Amex, BNPL and Big Tech

Zombie fraud accelerates PayTo liability upgrade

RBA downgrades RITS governance

Peaking too early – beware premature terminal offers

NAB launches Nexus hub as cyber threats surge

Payments win as Hello Clever dominates Finnies

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