Blockchain, consumer data rights, corporate taxation, capital raising and skilled visas are front and centre of the 23 recommendations of the Senate Select Committee on FinTech and RegTech, now known as the ‘Select Committee on Australia as a Technology and Financial Centre’, in its Second Interim Report.
The Select Committee, chaired by Senator Andrew Bragg, was established in 2019 to strengthen the regulatory environment for FinTechs and RegTechs and innovative businesses in Australia more broadly.
The report also includes a standalone chapter on blockchain and digital assets, which is an area that will be of continued focus for the remainder of the Committee’s inquiry. We summarise the recommendations in the tables below.
Mirroring the first Interim Report, the findings are categorised across key areas: tax, regulation, access to capital, and skills and culture. The Second Interim Report also includes a standalone chapter on blockchain and digital assets – which will be…