Stephen Jones 2022

STEPHEN JONES:

PETER STEFANOVIC:

The Albanese Government has its sights on the tricky tactics that confuse and frustrate Australians, with the release of a new consultation paper into unfair trading practices.

Unfair trading practices can manipulate consumer choice and undermine competition, especially in the digital economy. They’re also just downright annoying.

The Albanese Government will examine the practice of ‘screen scraping’ with the release of a new discussion paper.

Screen scraping is a widespread practice in which consumers hand over their credentials, like log in details and passwords, for a third party to access their account.

Introduction

I acknowledge the Wurundjeri Woi-wurrung and Bunurong Boon Wurrung peoples of the Eastern Kulin as traditional custodians of the land we are meeting on, and pay my respects to their Elders past, present and emerging.

I’d also like to extend my respects to any Aboriginal or Torres Strait Islander people who are present at the conference.

HAMISH MACDONALD:

The Albanese Government has today announced it will stop the Coalition’s Modernising Business Registers (MBR) program following independent review findings that the program could not deliver value for money, with massive budget and timeline blowouts.

PETER STEFANOVIC:

The Albanese Government will oversee the biggest crackdown on tax adviser misconduct in Australian history.

The PwC scandal exposed severe shortcomings in our regulatory frameworks that were largely ignored by the Coalition, and today we’re taking significant steps to clean up the mess.

Today, the Government has released a consultation paper examining the regulatory framework for managed investment schemes to ensure it remains fit‑for‑purpose and effectively protects investors from unnecessary financial risk.

The paper seeks feedback on a number of issues, including whether: