Tag: FinTech Australia

Software RDTI scheme top of tech budget wishlist

Posted on   |  by Denham Sadler
The tech sector is hoping for more support in this week’s federal budget following the unveiling of a $1 billion digital package last week, with a standalone tax incentive...

FinTechs want AEC data for digital ID checks

Posted on   |  by Denham Sadler
The government will consider whether to grant expanded access to the electoral roll and the ASIC register in order to assist FinTechs in conducting digital identity checks. As part...

Govt-led Senate report calls for R&D tax changes

Posted on   |  by Denham Sadler
A government-led Senate inquiry has called for changes to the research and development tax incentive, including more clarity on the eligibility of software claims and the introduction of restrictions...

APRA licence pause will ‘stifle innovation’

Posted on   |  by Denham Sadler
The prudential regulator’s decision to stop issuing new banking licences for at least six months will “stifle innovation” and cripple FinTechs, according to FinTech Australia. The Australian Prudential Regulation...

FinTech inquiry pivots to COVID-19 response

Posted on   |  by Denham Sadler
The decision to delay the landmark Parliamentary inquiry into FinTech and reopen submission to address COVID-19 is “dangerous” and risks taking the momentum out of the government’s response to...

FinTech screen scraping scrap heats up

Posted on   |  by Denham Sadler
The landmark Parliamentary inquiry into the FinTech sector has again descended into a feud over the controversial practice of screen scraping, much to the chagrin of FinTech Australia. Screen...

R&D tax interpretations are ‘ludicrous’

Posted on   |  by Denham Sadler
The “strict interpretation” of what constitutes an eligible activity under the Research and Development Tax Incentive restricting software claims is “ludicrous” and leading local tech companies to move offshore,...

MacGibbon wants cyber support for startups

Posted on   |  by Denham Sadler
The federal government should provide financial support to startups and small businesses looking to meet the “rigorous” open banking privacy and security rules, according to former special adviser to...

History repeats: Open banking delayed again

Posted on   |  by James Riley
It was a case of history repeating itself in the dying days of 2019, as a delay to the launch of open banking was announced on the last Friday...