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Showing 11 - 20 of 24 results for "Regulatory Sandbox"

The lucky country for fintechs

JAMIE WILLIAMSON  |  MONDAY, 5 NOV 2018
... the report highlights the proactive approach of ASIC in establishing an innovation hub to run alongside its regulatory sandbox and the Digital Finance Advisory Committee. "First, establishing a sandbox sends a strong message to fintechs that the regulator ...

FinTech Australia appoints interim chief executive

DARREN SNYDER  |  MONDAY, 12 MAR 2018
... policy outcomes which included: The creation of an Australian Securities and Investments Commission (ASIC) regulatory sandbox; Bringing equity crowdfunding to Australia; Removing the double-taxing of goods and services tax for digital currencies, and ...

FinTech Australia chair steps down

JAMIE WILLIAMSON  |  MONDAY, 29 JAN 2018
... the majority of its proposed reforms either enacted or in the process of being enacted, such as the fintech regulatory sandbox, retail crowdfunding and major policy reviews around open data and open banking. "It's been an amazing journey to date and ...

Offshore investment vehicles await passport arrival

KARREN VERGARA  |  TUESDAY, 16 JAN 2018
... other more specific requirements detailed in the legislation. O'Dwyer iterated new legislation for fintech regulatory sandbox is also underway to allow more businesses - including foreign companies registered in Australia - to test a wider range of new ...

Aussie fintech usage surges

KARREN VERGARA  |  FRIDAY, 10 NOV 2017
... regulatory support, including creating an open financial data framework and expanding the scope of Australia's regulatory sandbox, to ensure that fintechs can fully capitalise on consumers' appetite for innovative financial services, he said. As Westpac ...

Fintech regulatory sandbox draft legislation released

KARREN VERGARA  |  WEDNESDAY, 25 OCT 2017
The Federal Government has released regulatory sandbox draft legislation in an effort to allow fintechs to test financial services and products without the burden of an AFSL. Treasurer Scott Morrison said the proposed legislative package supports the ...

Government fintech agenda spotlights microbanking

ALEX BURKE  |  TUESDAY, 9 MAY 2017
... who will now be allowed an unlimited number of CSEF shareholders. Additional provisions include enhancing the regulatory sandbox for fintech companies by allowing testing of holistic financial advice, consumer credit issuance, short-term deposit and ...

Government repeats fintech focus

JAMIE WILLIAMSON  |  FRIDAY, 27 JAN 2017
... Group, tax offsets for early stage investments and of the government's unique - and somewhat controversial - regulatory sandbox approach to fintech testing. While Morrison identified a number of benefits, he also conceded that the government is tempering ...

ASIC approves world-first fintech exemptions

ALEX BURKE  |  THURSDAY, 15 DEC 2016
... exemptions covered under existing legislation and "tailored, individual licensing exemptions" similar to ASIC's regulatory sandbox framework. The exemption will allow eligible fintechs to test services for up to 12 months with up to 100 retail clients ...

Ignition Wealth makes two senior hires

ALEX BURKE  |  WEDNESDAY, 26 OCT 2016
... ASIC's licensing division, and had a key role in liaising between ASIC and the industry to develop the former's "regulatory sandbox" for fintech startups. "Claire Wivell Plater is a leading Australian expert on compliance and regulatory issues and concerns," ...