AusPayNet: Welcomes the final report of the Federal Government’s Review
- AusPayNet the payments industry self-regulatory body welcomed the final report
- The recommendations align submission and acknowledge the need for enhanced payments leadership
- The recommendations are strong and build on the policy thinking that led to the introduction of the Consumer Data Right in Australia
- The Review recommends a strategic plan created by Government in collaboration with regulators, industry, and end-users
- Such strategic direction and clarity in policy objectives will provide much-needed certainty for industry investment decisions
- The Review also recommends a functional approach to payments regulation, a new payments license
