- PayDay News
- Topics
- Government
Government
Albanese puts fresh focus on digital and payments, but loses experienced Husic
The politically charged removal of the technology-savvy Ed Husic from the Albanese ministry was certainly a blow - his are large shoes to fill. His departure from cabinet comes just as the government appears to pull focus on innovation and digital services, including payments. That is both welcome and overdue.
Prospects for competition in e-conveyancing fading fast
Prospects for real competition in the electronic conveyancing sector now rest on a Senate inquiry in Canberra, after one of two prospective competitor to monopoly player PEXA walked away and payments industry body AusPayNet launched a new “code of practice” in an effort to avoid regulation.
Chalmers ready to pull the trigger on merchant fee reform
The clock is already ticking for the Albanese Government to lower merchant service fees and ban surcharging on debit transactions - two of the Labor Party’s policy pledges at the recent federal election.The legislative reforms create wide-ranging discretionary powers for the Treasurer to regulate payments system participants.
AUSTRAC expects payments industry to know and report illegal tobacco sellers
AUSTRAC has warned elements of the payments industry currently supplying payments terminals and ATMs to illegal tobacco shops that it expects them to follow the law, know their customers and report illegal transactions.
Inquiry to adjudicate industry split over property settlement monopoly
The members of a Senate Committee Inquiry face the daunting task of shaping the future of a cornerstone of the Australian economy – buying property - against a backdrop of industry discontent, outages and big business profits.
