5G—Enabling the future economy

[Technology] The Australian Government has released its strategy to support the timely rollout of 5G in Australia. 12 October 2017 5G is the next step in the evolution of mobile wireless communications technology, promising improved connectivity, greater network speeds and bandwidth, and very low latency. The Government considers that 5G is more than an incremental change for mobile communications. Rather, it will enable the next wave of productivity and innovation across different sectors of the Australian economy. We want to create an environment that allows Australia’s telecommunications industry to be…

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Good to Go Loans Pty Ltd stop offering loan product

Payday lender Good to Go Loans has entered into an Enforceable Undertaking with ASIC to cease using a loan product following concerns raised by ASIC that the product may not have complied with the small amount credit contract provisions under the National Consumer Credit Protection Act 2009 (National Credit Act). ASIC’s investigation identified that the loan product, called OACC2, was provided to consumers on terms which fell outside the definition of a small amount credit contract. However, on the same day consumers entered into an OACC2 loan, almost all of…

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