Kate Jackson-Maynes

Oct 12, 2023 | lexology.com | Kate Jackson-Maynes |sam farrell

On 7 June 2023, Treasury commenced consultation on the most significant reforms to Australia’s payments system in 20 years, releasing (a Strategic Plan for Australia’s Payments System, a Consultation Paper on Reforms to the PSRA, and a Consultation Paper on Payments System Modernisation (Licensing: Defining Payment Functions).

Jul 11, 2023 | lexology.com | Jo Dodd |Ian Paterson |Katherine V. Forrest |Dale Rayner |Kate Jackson-Maynes

As the Australian Prudential Regulation Authority (APRA) has recently taken enforcement action against an Australian authorised deposit-taking institution (ADI) under the Financial Sector (Collection of Data) Act 2001 (FSCODA)[1], we thought it timely to provide a refresher on the requirements of FSCODA and potential consequences of non-compliance.