Clifford Chance

Growing the Sandbox – Australia's enhanced FinTech regulatory sandbox

7 November 2017

After 10 months of operation, Australia's regulatory sandbox is entering a new phase. The sandbox provides a "lighter touch" regulatory environment to allow fintech businesses additional flexibility when they are still at the stage of testing their ideas. As flagged in its 2017-18 Budget, the Australian Government has released new draft legislation and regulations to create an enhanced regulatory sandbox to support innovation in financial services.

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