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Open Consultations: 15 September 2023

Friday 15 September 2023



This is a current, but not exhaustive, list of open consultations that will affect the financial industry.
 
 
 Closing in September
 


Consultation: Legislating the objective of superannuation. Submit by 29 September.

Description: The government is seeking stakeholder feedback Treasury on draft legislation to ensure that future changes will remain compatible with objectives.

Consultations Closing in October 
 

Consultation: Operational Risk Management. Submit by 13 October 2023.

Description: This consultation set out further details about the rollout of the CPS 230.
The fundamental principles of CPS 230 in Operational Risk Management are:
  • effectively manage its operational risks, and set and maintain appropriate standards for conduct and compliance;
  • maintain its critical operations within tolerance levels through severe disruptions; and
  • manage the risks associated with the use of service providers.



Consultation: Screen scraping – policy and regulatory implications. Submit by 25 October.

Description: The government is looking industry views on the screen scraping market and is looking to ban screen scraping where the Consumer Data Right (CDR) concerned.



Consultation: Consumer Data Right Rules – expansion to the non-bank lending sector. Submit by 6 October.

Description: This consultation Exposure Draft amendments Competition and Consumer (Consumer Data Right) Rules 2020 (the CDR Rules) is based on responses to consultation tat closed in January of this year.


Consultation: Consumer Data Right Rules – Consent Review and operational enhancements design papers. Submit by 6 October.

Description: This is looking at changes in the consent procedures and other operational procedures.
 
Consultations Closing in November

Consultation: Unfair Trading Practices - Consultation Regulation Impact Statement. Submit by 29 November.

Description: This is to address unfair trading practices in Australia consumer law and the gaps in Australian Consumer Law.




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