Regulatory authorities

The following national organisations have regulatory responsibilities that may determine key aspects of electronic conveyancing:

• Payment Systems Board, Reserve Bank of Australia

Regulates payment systems with regard to controlling risk, assuring efficiency and promoting competition.
www.rba.gov.au/PaymentsSystem/payments_system_board.html

• Australian Competition and Consumer Commission (ACCC)

Ensures compliance with Commonwealth competition, fair trading and consumer protection laws and regulates national infrastructure services.
www.accc.gov.au

• Australian Prudential Regulatory Authority (APRA)

Assures compliance of financial services industry with minimum prudential requirements.
www.apra.gov.au

• Australian Securities and Investments Commission (ASIC)

Regulates corporations, licenses financial advisers and assures compliance of financial services industry participants.
www.asic.gov.au

• Australian Transactions Reports and Analysis Centre (AUSTRAC)

Oversees compliance with financial transaction reporting requirements and implements anti-money laundering reforms.
www.austrac.gov.au

• Australian Government Information Management Office (AGIMO)

Assures compliance of providers of Digital Signature Certificate (DSC) products and services.

www.finance.gov.au/e-government/security-and-authentication/gatekeeper/index.html

For an overview of the national e-authentication framework visit:

http://www.finance.gov.au/e-government/security-and-authentication/authentication-framework.html

Back to top