Afterpay, Zip say no regulation means they can grow
On Wednesday evening, after the release of the report, Mr Eisen told ABC News that "existing regulatory structures would not deliver fit-for-purpose regulation" and the company was glad they could continue with self-regulation under a voluntary code of conduct. Zip co-founder and chief operating officer Peter Gray said, "the committee is absolutely spot-on in its recognition that innovation is too important to be smothered with a one-size-fits-all approach to regulation".
Regulation adds fees and charges to the companies and all who use it. Responsibilities need to sometimes sit with the consumer not the provider
'because they can self-regulate'. Of course they *can*, but they won't. Yet another opportunity to get ahead of a problem thrown away.
They only make money when people default on their payment plan but im sure they will self regulate well and not prey on the weak.
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Income, company tax cuts to feature in budget | Sky News AustraliaSky News Political Editor Andrew Clennell says income and company taxes will be a feature of next month’s federal budget.\n\n“The government keeps saying they are the party of lower taxes,” Mr Clennell said.\n\n“In terms of income taxes being brought forward and another push for company tax cuts.\n\n“The 2018 promise on income tax cuts have the cuts occurring out until 2024\u002F25, well they’re probably not needed then as they are now.\n\n“It certainly makes sense for them to be brought forward.”\n\nThe budget, usually released in May, has been delayed until October 6.\n aclennell STOP FEEDING ASIA WITH TOXIC COAL! OUR PLANET IS DYING! IF ADANI MINE GO AHEAD,DROUGHTS, FLOODS, CYCLONES WILL INCREASE! EARTH WILL BE COOKED & FRIED! WE HAVE CLIMATE EMERGENCY LISTEN TO SCIENTISTS STOP TAX AVOIDANCE DRAIN THE SWAMP! HOW ON EARTH COULD BELOW POSSIBLY HAPPEN? aclennell RECESSION! aclennell News Corp/SKY don't pay any Australian. Probably about time they did. That would help Australia rather than sending all their profits overseas tax free.
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