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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

Legislating the objective of superannuationSubmit 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 

Operational Risk ManagementSubmit 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 implicationsSubmit 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.

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.

 Consumer Data Right Rules – Consent Review and operational enhancements design papersSubmit by 6 October.

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

Consultations Closing in November

 Unfair Trading Practices - Consultation Regulation Impact StatementSubmit by 29 November.

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