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Working with Australia’s FinTech industry

The Government will continue to work with the FinTech industry, as well as with the states and territories, to ensure we capitalise on Australia’s current competitive advantage and significant opportunities.

Our objective is to work with the industry to ensure Australia has an internationally competitive environment for FinTech and can attract international innovators to Australia.

To that end, the Government has established a FinTech Advisory Group to advise the Treasurer directly on issues important to Australia’s FinTech industry, such as identifying areas of potential future reform, and ensuring that the specific priorities of the industry are considered in the implementation of government policies.

The Advisory Group is chaired by Mr Craig Dunn, Chairman of Stone & Chalk, Director of Westpac Bank and former CEO of AMP. Other members include:

  • Simon Cant — Co-founder and Managing Director, Reinventure;
  • Matt Symons — Co-founder and Head of Strategic Alliances and Partnerships, SocietyOne;
  • Nerida Caesar — CEO and Managing Director, Veda;
  • Kelly Bayer Rosmarin — Group Executive, Institutional Banking & Markets, Commonwealth Bank;
  • Ben Heap — Founding partner, H2 Ventures;
  • Claire Wivell Plater — Owner, The Fold Legal Pty Ltd;
  • Asher Tan — Co-founder and CEO, Coinjar;
  • Libby Roy — Managing Director, PayPal Australia;
  • Jost Stollman — Executive Director and CEO, Tyro Payments;
  • Jonny Wilkinson — Co-founder and Managing Director, Equitise;
  • Scott Farrell — Partner, King & Wood Mallesons;
  • Charlotte Petris — Founder and CEO of Timelio; and
  • Stuart Stoyan — Founder and CEO of MoneyPlace.

The FinTech Advisory Group will complement the Innovation Collaboration Committee that the Government announced will be established as part of our response to the Financial System Inquiry.

Among other matters, the advisory group is exploring increased facilitation of digital advice models, regulation technology — or ‘RegTech’ —  the uptake of Blockchain technologies, the tax treatment of digital currencies, evolution of the Australian crowdfunding framework, data transparency and aggregation, and emerging insurance models.

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