CFA is seeking a consumer representative to represent it on the Australian Payment Network’s new Stakeholder Advisory Council.
The digital economy, including the payments system, is a priority for the Federal Government through its Digital Business Growth Plan. This plan includes elements associated with digital payments – Consumer Data Right, digital ID, digital invoicing, stored-value facilities & the Treasury Review of the payments system regulatory architecture. The purpose of the Treasury Review is to ensure the payments system remains fit for purpose and can support continued innovation for the benefit of both businesses and consumers.
AusPayNet is an industry body that supports the payment system. Its corporate strategy is aligned with this focus on the digital economy and its corporate objects include promoting innovation and competition. To further promote innovation in the payments system, AusPayNet is undertaking more engagement with key stakeholders, including consumers and other end-users, new entrants (paytechs), large tech companies, regulators and/or advocacy groups and payment schemes (operators) in Australia.
The new Council will report into the AusPayNet Board and will be chaired by an AusPayNet Independent Board Director. That Director will have an obligation to represent the ASAC stakeholders at the Board. The Council will meet every quarter for a 1-2 hour meeting. Outside of that, the Chair will call extraordinary meetings if there is a need to do so. Papers will be published two weeks prior to the meeting. Pre-council relationship meetings will be encouraged to cover off agenda items/topics. Stakeholders are expected to form views/positions that represent their members and express them at the meeting. AusPayNet will cover travel costs.
The CFA is now seeking expressions of interest from CFA members and relevant experts to be its representative on this Council. Please indicate your expertise and ability to conduct this role by providing a response no longer than half a page by Monday 5 July 2021. Expressions of interest can be sent to firstname.lastname@example.org.
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