Stephen Jones 2022

Australian consumers deserve to have their data working for them, securely and safely.

The Consumer Data Right (CDR) gives consumers power over the data their service providers collect, enabling them to shop around for a better deal.

Introduction

I acknowledge the Gadigal people of the Eora Nation, the traditional custodians of this land, and pay my respects to the Elders past, present and emerging.

I reiterate the Albanese Government’s commitment to the Uluru Statement from the Heart and a voice to Parliament.

Acknowledgements

Thank you Elizabeth for the warm welcome and for inviting me here today to your annual Hike the Hill event.

It is great to see COBA here again in Canberra after three years.

I would also like to acknowledge the Ngunnawal and Ngambri people, the traditional custodians of this land, and pay my respects to the Elders past, present and emerging.

Working Australians deserve the highest standards of accountability from their super funds so they get the best performance for their contributions.

The Albanese government is overhauling transparency requirements so members can access clearer, more meaningful and more consistent information about their fund.

KARL STEFANOVIC:

Welcome back to the show. Well, millions of Australians rely on Buy Now, Pay Later. But up until now, there's been pretty much no regulation around it.

ALLISON LANGDON:

DAVID KOCH:

PETER STEFANOVIC:

And joining us live is Assistant Treasurer and Financial services Minister Stephen Jones. Minister, good to see you. So just elaborate on some of these changes that you would like to see made.

STEPHEN JONES:

Australia’s modern, digitally-enabled economy leads the world in innovation, and consumer protections need to keep pace.

That’s why the Albanese Government is today progressing our consultation process for regulating Buy Now, Pay Later (BNPL) products.

While the industry’s Code of Practice has worked well to date, the sector is maturing rapidly.

Acknowledgement

I would like to acknowledge the Traditional Custodians of Dharawal Country and recognise their continued connection to the land we meet on today.

I pay my respects to Elders past, present and emerging and the contribution they make to the life of this city and this region and extend my recognition to their descendants who continue to live on Country.

Australian consumers deserve to have their data working for them, securely and safely.

That’s why the Albanese Government is continuing to roll out the Consumer Data Right to help families take control over household bills, protected by the best available security and privacy protocols.