Federal Minister for Government Services, Bill Shorten, announced at the National Press Club the development of a new digital identity and credential system called Trust Exchange (TEx). Currently in its “proof-of-concept stage”, the system is expected to be ready for pilot testing by January 2025. Minister Shorten emphasised that TEx will position Australia as a leader in digital infrastructure, describing it as “an exciting step forward for Australia’s digital future.”
The system aims to replace the need to share sensitive information, such as passports or driver’s licenses, by allowing consumers to choose what data to share and track who has access to it. According to Minister Shorten, TEx will leverage MyGov and MyGov ID to enhance the security and trustworthiness of personal information exchanges, using data already held by the government. “It is not a wallet, nor an app, nor ID, but rather it is a secure means by which to exchange with a third party who you are, your identity.”, the Minister said.
Participation in TEx will be voluntary, not mandatory. Minister Shorten provided an example: when visiting a venue, instead of handing over a driver’s license or passport, which is then stored with limited control, TEx would simply confirm whether the person is over 18 without sharing additional details like name, date of birth, or address.
While the impact on businesses remains to be seen, some commentators predict that widespread adoption of TEx could reduce the time and cost associated with onboarding customers and new employees’ information.
