Coronavirus (COVID-19) updates from the Australian Government

Review of the Australian Payments System

Status
Open
Date
Review chair
Mr Scott Farrell

The Government will review the regulatory architecture of the Australian payments system as part of the Digital Business Package announced in the 2020-21 Budget.

The purpose of the review is to ensure the payments system remains fit for purpose and is capable of supporting continued innovation for the benefit of both businesses and consumers.

The review will be led by Mr Scott Farrell and supported by a secretariat located within Treasury.

The review will commence in October 2020 and report to the Treasurer by the April 2021.

The review will draw upon expertise from the private sector by consulting broadly with industry, consumer and privacy advocates, and other interested parties in developing the report and recommendations.

Contact

Questions regarding this review can be emailed to paymentsreview@treasury.gov.au.

Media Enquires can be directed to media@treasury.gov.au or +61 2 6263 2300.