The Government is seeking stakeholder views on exposure draft laws that clarify that relevant Treasury portfolio regulators can hold hearings and examinations virtually. These amendments will ensure that hearings and examinations can be held quickly and efficiently for the benefit of all parties.
The amendments will form part of a revised package to modernise business communications across a range of Treasury portfolio laws. In addition to these amendments, the revised package removes the previously proposed changes to credit laws which will instead be considered at a later date. This will ensure that reforms to business communications affecting the credit sector are considered in a clear and consistent way for consumers and businesses.