Verifying income directly against government records bypasses the document layer entirely, the report said. The federal government committed 62 million Australian dollars (about $43 million) over two years from 2026 to 2027 to fund the next phase of the Consumer Data Right, including integrating tax authority data into the open banking ecosystem. A borrower who submits a payslip is providing a document that can be fabricated. A borrower whose income is confirmed directly from the tax authority’s payroll system is providing data that cannot be.