Digital Economy Strategy

'The Digital Economy: Opening up the conversation'

In September 2017, the Australian Government announced a consultation to inform the development of its Digital Economy Strategy.

The consultation had a broad scope including areas relevant to the payments industry such as digital technology and infrastructure, data sharing, standards, cybersecurity and digital literacy. Among other things, our submission highlighted that:

• The industry has invested heavily in building new infrastructure to ensure Australia’s world-class payments system continues to support the digital economy into the future.
• A self-regulatory approach continues to be the most appropriate way for the industry to navigate the challenges and opportunities presented by the digitalisation of the global economy.

The Government is expected to launch the Digital Economy Strategy in the first half of 2018.