Improving technology neutrality of Treasury portfolio laws

In December 2021, we responded to the consultation on ‘Improving the technology neutrality of Treasury portfolio laws’ and amendments proposed in Government’s exposure draft legislation and regulations.

In our submission, we recognised the Government’s Deregulation Agenda as a key part of its economic strategy and supported its aims of ensuring that regulatory settings remain fit for purpose. We supported Government’s aims of improving the technological neutrality of its portfolio laws to provide greater flexibility and reduce the costs of communications between businesses, regulators, and individuals. We also supported proposed amendments extending the provisions for electronic document execution to corporations, as well as those that sought to make payments to and from Government technology neutral.

AusPayNet’s submission is available below.