Improving the Technology Neutrality of Treasury Portfolio Laws
The Government is committed to a renewed Deregulation Agenda, focussed on ensuring that where regulation is required, it is fit-for-purpose and has the lightest touch.
On 15 June 2020, the Government announced the deregulation priority of modernising business communications, aimed at reducing business costs and better reflecting the way Australians want to engage and communicate digitally.
This consultation process focuses on how to modernise business communications by improving the technology neutrality of Treasury portfolio laws, beyond the actions already being taken by the Government, to ensure they do not restrict the use of current and future technologies.
The objectives of this consultation is to obtain feedback from stakeholders that will assist the government to:
- identify and categorise the types of business communications that would benefit from technology neutrality changes, including those technology neutrality changes that will lower current compliance costs;
- develop principles to guide subsequent legislative change;
- identify legislative change that may be required to give effect to these principles and improve the technology neutrality for each category of communication;
- address sensitivities and risks associated with technology neutrality; and
- prioritise reform implementation.
You can submit responses to this consultation up until 28 February 2021. Interested parties are invited to comment on this consultation.
While submissions may be lodged electronically or by post, electronic lodgement is preferred. For accessibility reasons, please submit responses sent via email in a Word or RTF format. An additional PDF version may also be submitted.
All information (including name and address details) contained in submissions will be made available to the public on the Treasury website unless you indicate that you would like all or part of your submission to remain in confidence. Automatically generated confidentiality statements in emails do not suffice for this purpose. Respondents who would like part of their submission to remain in confidence should provide this information marked as such in a separate attachment.
Legal requirements, such as those imposed by the Freedom of Information Act 1982, may affect the confidentiality of your submission.
View our submission guidelines for further information.
How To Respond
Address written submissions to:
Market Conduct Division
Parkes ACT 2600