Treasury Archives - InnovationAus

Consumer Data Right Policy

Treasury to open up Consumer Data Right

Treasury is developing new rules for Australia’s Consumer Data Right which would significantly expand businesses’ access to consumer data, following criticism that the accreditation requirements to participate are too...

Govt seeks foreign investment tech platform

22 April 2021 | by Denham Sadler

The federal government has gone to the market for a tech provider to develop a new foreign investment IT platform to replace the existing system, which has “not kept...

Govt flags ‘technology neutral’ law reforms

22 April 2021 | by Joseph Brookes

The government plans to introduce legislative reforms this year to make Australia’s laws “technology neutral” and make permanent many of the digital communications allowances introduced during the pandemic. Treasurer...

Treasury takes control of small business policy

19 April 2021 | by Denham Sadler

Small business policy and programs responsibility has been moved to Treasury from the Department of Industry as part of a Machinery of Government rearrangement. The Administrative Arrangements Order, signed...

Three years: Credit reporting laws remain stalled

15 December 2020 | by Denham Sadler

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,...

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