Thursday, 18 March 2021
Financial Technology and Regulatory Technology Select Committee; Appointment
That the resolution of appointment of the Select Committee on Financial Technology and Regulatory Technology be amended as follows:
(1) The committee be called the Select Committee on Australia as a Technology and Financial Centre.
(2) The following additional matters be referred to the committee:
(a) the size and scope of the opportunity for Australian consumers and business from Australia growing into a stronger technology and finance centre;
(b) the flow-on employment and economic benefits which accrue to finance and technology centres;
(c) barriers to the uptake of new technologies in the financial sector;
(d) new opportunities for Australia as a technology and finance centre arising from the COVID-19 pandemic;
(e) benchmarking of comparable global regimes with Australia;
(f) the impact of corporate law restraining new investment in Australia;
(g) the policy environment facing neo-banks;
(h) opportunities and risks in the digital asset and cryptocurrency sector; and
(i) any related matters.
(3) That the committee present its final report on or before 30 October 2021.
Question agreed to.