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AUSTRAC Operation Taipan: Money Laundering Investigation Analysis

AUSTRAC has published an analysis of Operation Taipan, a significant money laundering investigation that led to the dismantling of a criminal syndicate depositing $62 million through ATMs. The operation highlighted the effectiveness of the Fintel Alliance public-private partnership in combating financial crime.

OAIC Statement on Bunnings Facial Recognition Technology Decision

The Australian Information Commissioner (OAIC) issued a statement regarding the Administrative Review Tribunal's decision on Bunnings' use of facial recognition technology (FRT). The Tribunal affirmed findings that Bunnings contravened privacy principles by failing to provide adequate notice and conduct a formal risk assessment for its FRT system.

OAIC Highlights Improved Transparency in Government Automated Decision-Making

The Australian Information Commissioner (OAIC) has released a report highlighting opportunities for government agencies to improve transparency in automated decision-making (ADM). The report follows a review of 23 agencies and identifies a significant gap in public disclosure of ADM use, with only 17% of agencies disclosing it.

Cambridge Analytica Payment Program Registration Deadline

Eligible Australian Facebook users impacted by the Cambridge Analytica matter must register for a payment program by December 31, 2025. The program, established by Meta Platforms as part of an enforceable undertaking with the Australian Information Commissioner, offers payments to over 300,000 affected individuals.

RBA Update on BECS Decommissioning Recommendations

The Reserve Bank of Australia (RBA) has released an update on industry progress regarding the decommissioning of the Bulk Electronic Clearing System (BECS). While acknowledging industry efforts, the RBA notes that risks persist due to a lack of consensus on the future of account-to-account payments.

Payments System Board Discusses Cash Distribution and Regulatory Framework

The Reserve Bank of Australia's Payments System Board met in March 2026 to discuss cash distribution, merchant card costs, payments system resilience, and account-to-account payments. The Board is considering a new regulatory framework for cash distribution services and potential amendments to card payment regulations, with a conclusions paper expected by end-March.

Reserve Bank of Australia Monetary Policy Board Appointment

The Reserve Bank of Australia announced the appointment of Professor Bruce Preston to its Monetary Policy Board. This notice also acknowledges the contributions of Alison Watkins, whose term concludes on February 28, 2026.

Reserve Bank of Australia Increases Cash Rate to 3.85%

The Reserve Bank of Australia's Monetary Policy Board has increased the cash rate target by 25 basis points to 3.85%. This decision was made due to rising inflation and capacity pressures, with inflation expected to remain above target for some time.

ACCC Monitoring of Fuel Prices

The Australian Competition and Consumer Commission (ACCC) has launched a new weekly fuel price monitoring update, highlighting significant and rapid price variations in petrol and diesel across Australian capital cities. The ACCC is seeking explanations from major fuel retailers regarding these price movements.

ACCC to Scrutinise Fuel Pricing Amid Middle East Crisis

The Australian Competition and Consumer Commission (ACCC) will increase scrutiny of fuel pricing and distribution amid the Middle East crisis. The ACCC will hold urgent meetings with fuel market participants and commence weekly market updates to enhance transparency and address consumer concerns about price spikes and regional supply issues.