Jan 2017

Blockchain DLT option to replace CHESS

By: Odyssey General
Tags: BlockChain, Disruption, securities

In the press last week was more about the changes about to affect the CHESS System. As reported, the Australian Securities Exchange (ASX) has moved further down the track in developing a post-trade settlement system that will eventually replace the incumbent CHESS (Clearing House Electronic Sub-register System), and a blockchain-based system remains the front-runner.  We’ve certainly been mentioning the disruptive …


Jan 2017

Netflix Tax is coming… Are you ready?

By: Odyssey Legislation
Tags: GST, offshore, Outsourcing, Taxes

The new GST tax is coming. There’s been plenty of news about retailers being unable to compete with imports under $1,000 not having GST, but now the government is extending GST to digital products and other services imported by consumers. Introduced as the amazing Australia “Netflix tax” back in April 2015, and a move which would “level the playing field” it …


Jan 2017

NPP Disruption in real time payments coming this year…

By: Odyssey General
Tags: Banking, Disruption, New Payments infrastructure

Well this is the year when the NPP is due to be launched. Hailed as a game changer in the banking system that has the potential to transform how you pay for everything. Certainly this is a much needed system. Australians have certainly embraced electronic payments, but the payments systems behind electronic payments is certainly dated. The new piece of …