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The Guardian - AU
The Guardian - AU
National
Christopher Knaus and Lorena Allam

Corporate regulator urges crackdown on Centrepay after more than 40% of businesses found to be non-compliant

Woman handing over a card at retail checkout
A federal government investigation into Centrepay found almost half the companies examined were not complying with regulations. Photograph: Cultura RM/Alamy

The federal government investigated just 4% of businesses that enjoy direct access to the welfare payments of vulnerable Australians via Centrepay and found almost half to be non-compliant, prompting alarm from Australia’s corporate regulator.

The government is consulting on a proposal to overhaul Centrepay, a system that gives approved businesses access to welfare payments before they reach a recipient’s bank account.

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