Treasury Archives - InnovationAus

Policy Startups

Three years: Credit reporting laws remain stalled

Despite Scott Morrison labelling it a “life-changing” reform in 2017 as the then-Treasurer, the federal government is yet to pass legislation that introduces a mandatory comprehensive credit reporting scheme...

E-invoicing is boring, but worth billions to economy

8 December 2020 | by James Riley

The federal Treasury department has gone live with its automated e-invoicing system, using an all-Australian software platform developed by Brisbane-based ERP software giant Technology One and Adelaide-based Link4. With...

Open banking’s majestically slow start

30 July 2020 | by Denham Sadler

Australia’s Consumer Data Right scheme has received a further $20 million after the opening banking regime’s slow start this month, with only one FinTech signed up as a data...

Growth Fund gets Senate green light

24 February 2020 | by Denham Sadler

A Senate Committee has given the green light to the government’s plan to contribute $100 million of taxpayer money to a business growth fund following a “ridiculously short” inquiry....

Credit reporting regime finally moves

5 February 2020 | by Denham Sadler

Labor will attempt to amend legislation paving the way for a mandatory credit reporting regime in the Senate after it finally passed through the lower house, nearly two and...

‘Dearth of transparency’ from Treasury on R&D

3 February 2020 | by Denham Sadler

Federal Labor has slammed a “dearth of transparency” at the Treasury after public submissions on controversial changes to the research and development tax incentive were released 18 months late,...

Big banks tapped for new growth fund

28 November 2019 | by Denham Sadler

The federal government has finally got the big banks to chip into its business growth fund, which is set to launch next year with more than $500 million in...

Govt consults on $1b growth fund

5 November 2019 | by Denham Sadler

The federal government has launched a whirlwind five-day consultation period for its $100 million cash injection into its business growth fund, which would provide “patient capital” to Australian SMEs....

Industry rejects new rules for ICOs

18 March 2019 | by James Riley

A new regulatory framework for initial coin offerings proposed by federal government posed “a significant risk of fettering innovation”, according to a FinTech industry group. Government is actively considering...

Treasury fronts CDR inquiry

11 March 2019 | by James Riley

Treasury department officials have hit back at suggestions the government showed “complete disdain” for the consultation process while developing the Consumer Data Right. Appearing before a senate committee inquiry...

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