fbpx
Skip to main content
New Financial Assistance Hub

Digital Identity Legislation

27 October 2021

ABA reiterates our view that there is significant potential economic benefit in the government’s digital identity initiative for consumers and businesses. The development of both government and private sector digital identity systems is needed to achieve wider adoption, and therefore realise the potential economic benefits of this government policy. That will continue to depend on whether the proposed legislative framework provides clarity, ensures robust privacy safeguards for users, provides flexibility to innovate and incentives to participate, while minimising the potential for conflicting or inconsistent data and privacy obligations for participants.

Download PDF  

Latest articles

1 / 3
ISSB Consultation on agenda priorities
31 August 2023

ABA submission to the ISSB Consultation on Agenda Priorities.

Read more
Climate-related financial disclosures, second-round consultation
21 July 2023

The ABA supports the introduction of mandatory climate-related financial disclosures aligned with the ISSB, and we feel that the proposed model generally strikes an appropriate balance. The submission makes key points across six areas: phased approach, reporting content, reporting location, assurance, continuous disclosure and the modified liability approach.

Read more
ABA submission to ACCC retail deposits inquiry
17 July 2023

The ABA’s submission to the ACCC’s Retail Deposits Inquiry 2023. Australian banks continue to provide a competitive, dynamic, and innovative marketplace for deposits. Banks are also cognisant of the variety of uses for deposit accounts and strive to provide products and services that meet the needs of customers.

Read more