Government Outlines Plan for Reforming Australia’s Financial System in 2023

[Epoch-Times-Bot]

Government Outlines Plan for Reforming Australia's Financial System in 2023

The Australian government has released its 2023 blueprint for “modernising” the country’s financial system as it seeks to adapt to the rapid changes in the market and provide a more level playing field for businesses and consumers.
The first priority mentioned in the blueprint is to update and improve Australia’s payments system via introducing a “strategic plan” in the first quarter of 2023, which sets out the government’s policy objectives for the system.
Additionally, the government will amend the payment system laws to provide the Reserve Bank of Australia (RBA) with the necessary powers to regulate new and emerging payment systems, including digital wallet services....

Source: Government Outlines Plan for Reforming Australia's Financial System in 2023

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