Author Archives: dwliston

Govt Crypto Consultation Paper – What Does It Mean For Consumers?

ripple etehereum and bitcoin and micro sdhc card

This week the Australian Government released a Consultation Paper on a proposed regulatory framework for digital assets (aka cryptocurrencies). Its key objectives include:  Establishing licensing rules for crypto custody and exchanges Commence a token mapping exercise to better define different digital assets  Review of tax rules for crypto transactions and investment You can check out the paper in full here. 

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Is the government going to announce a new Buy Now Pay Later Tax before the election?

Since December last year there have been reports and rumours circulating that the Federal Government could impose a new tax on Buy Now Pay Later (BNPL) users. 67% of Afterpay users are Gen Z or Millennials. This means it’s likely any new BNPL tax would  hit young people the hardest. As it stands, consumers who use BNPL apps don’t pay

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Buy now, pay later providers move into the data business – what does it mean?

black android smartphone on top of white book

We’ve written in the past about the concern of consumer groups potential risks of Buy-Now-Pay-Later (BNPL) use. We believe this risk is often overstated and the positive effect BNPL is having on consumers, under-appreciated.  Recently BNPL was once again in the crosshairs of consumer groups in an article by CHOICE ‘Buy now, pay later providers moving into the data business’. 

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Crypto regulation coming to the USA. Is regulation a good or a bad thing?

On Wednesday, U.S. President Joe Biden signed an executive order calling on the government to examine the risks and benefits of cryptocurrencies. The measures focus on six key areas: consumer protection, financial stability, illicit activity, U.S. competitiveness, financial inclusion and responsible innovation. The announcement also declared the Biden administration wants to explore a digital version of the dollar, which shows

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man in blue dress shirt wearing black framed eyeglasses

The new Buy-Now-Pay-Later (BNPL) fee the federal government is considering could hurt consumers by a whopping $450 million. This is how much customers would pay if merchants passed on their BNPL fees.  This new fee will not only disproportionately hurt young people as their economic future has never been more uncertain, but it will likely result in them being driven

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The Smart Books To Buy

pile of books

SmartWayToPay’s mission is to provide our readers with information about the Smart Ways To Pay for goods and services, as well as all the dumb ways you can pay. We want to empower our readers to become savvier shoppers. Most of the people involved with SmartWayToPay have had a long history in consumer advocacy. With Christmas coming up and therefore

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Cashbacks – What are they and why they’re a smart tool to help you pay less!

When’s the last time you got given cash back for buying a product or service? Even cashback on an already discounted product or service?  If you’re not a subscriber of Shopback or Cashrewards, it’s unlikely you’ve ever been given cash back for your regular shopping. Now this is all changing. ‘Cashback’ providers are becoming a hugely popular way to attract

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Who are the Tech Council of Australia?

You may have heard about a new peak body advocating for Australia’s tech businesses; the Tech Council of Australia.   The Tech Council of Australia is a recently formed peak body primarily representing Australia’s tech sector. However they also represent firms in the broader tech ecosystem, including venture capitalists, advisers and tech-enabled businesses outside the tech sector. You may have read

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What consumer groups sometimes miss about Buy-Now-Pay-Later – it’s providing consumers with a much better option than credit cards

Consumer groups are designed to provided consumers with advocacy, support and often collective power. We believe most Australian consumer groups do a great job at this. However, we believe the concern regarding potential risks of Buy-Now-Pay-Later (BNPL) use can be overstated and the positive effect BNPL is having on consumers, under-appreciated. Consumer group Choice are currently surveying their members about

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