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The Department of Home Affairs has issued its draft guidance “Modern Slavery Act 2018: Draft Guidance for Reporting Entities” (Draft Guidance) for the new Modern Slavery Act 2018 (Cth) (the Act).
The fintech sector has witnessed some unprecedented developments throughout 2017. In the last two years alone, there has been a doubling of active fintech businesses operating in Australia and in this rapidly evolving landscape, Australian regulators and policy-makers have been responsive to facilitating fintech innovation. In this Fintech Update: Year in Review (2017) publication, we explore the significant policy and regulatory developments which occurred in 2017, with some insights into what we can expect for the fintech sector in the year to come.