We represent members’ views to shape positive industry change - driving public policy debate through active engagement with all political parties via submissions to Government and financial regulators on legislative reform, change and frameworks, and extensive stakeholder consultation via our leadership and working groups.
Mar 2023
On 16 March 2023, AFIA made a submission to this Treasury consultation. The consultation included proposed amendments to the National Consumer Credit Protection Act 2009 (Cth)(the Credit Act)…
Feb 2023
On 17 February 2023, AFIA made a submission to the framing paper on ‘Designing Australia’s Sustainable Finance Taxonomy’. AFIA welcomes the recommendations to help to set out…
Feb 2023
On 17 February 2023, AFIA made a submission to the Climate-related financial disclosure consultation paper. AFIA supports the Australian Government’s commitment to a sustainable finance…
Feb 2023
AFIA today released its submission to Treasury’s Options Paper: Regulating Buy Now, Pay Later in Australia. AFIA welcomed the Government’s recognition of the important role of BNPL…
Feb 2023
On 7 February 2023, AFIA made our submission to Treasury’s consultation on the Strategic Plan for the Payments System. In that submission AFIA supported the Government’s principl…
Feb 2023
On 1 February 2023, AFIA made our submission to Treasury’s ongoing consultation on the extension of the Consumer Data Right (CDR) to the Non-Bank Lending (NBL) sector. Some important p…
Dec 2023
AFIA made a submission to the Department of Social Services on their Financial Counselling Funding Model Discussion Paper. The submission supports the aim of increasing the availability of fre…
Oct 2022
On 31 October 2022, AFIA made a submission to the National Electric Vehicle (EV) Strategy. AFIA’s recommended proposals to encourage the uptake of EVs, including measures to stimulate de…
Oct 2022
On 28 October 2022, AFIA made a submission on the Australian Securities and Investments Commission (ASIC)’s IFM. Our suggestions are designed to ensure the IFM is levied in a way which i…
Oct 2023
AFIA made a submission to Treasury on exposure draft legislation to enable action initiation in the Consumer Data Right. The submission supports the introduction of action initiation as the ne…
Oct 2023
AFIA made a submission to Treasury on exposure draft amendments to the Consumer Data Right to expand to telecommunications and implement operational improvements. The submission welcomes the o…
Oct 2022
On 7 October 2022 AFIA made a submission to Treasury’s consultation on the proposed Financial Services Compensation Scheme of Last Resort (CSLR). AFIA supports the CLSR and made recomme…
Oct 2022
On 7 October 2022 AFIA made a submission to Treasury’s consultation on the proposed Minister’s Rules for the Financial Accountability Regime (FAR). The FAR would extend obligations…
Sep 2022
AFIA has lodged a submission to Treasury’s consultation on Improving Corporations and Financial Services Law. This submission reflects AFIA’s support for the implementation of reco…
Sep 2022
19 September 2022 AFIA has lodged a submission to Treasury’s consultation for Consumer Data Right – Non-Bank Lending draft designation instrument. The submission reflects AFIA&rsqu…
Aug 2022
AFIA has lodged a submission to the Senate Economics Legislations Committee’s inquiry into the Treasury Laws Amendment (Electric Car Discount) Bill 2022. This submission reflects AFIA&rs…
Aug 2023
AFIA made a submission to HM Treasury on Regulation of Buy Now Pay Later: response to consultation. The submission sets out the economic and consumer benefits of Buy Now Pay Later Products, an…
Apr 2022
14 April 2022
AFIA has lodged a submission to Treasury’s CDR Sectoral Assessment for the Open Finance sector - Non-Bank Lending.
The submission reflects AFIA’s support…
Mar 2022
29 March 2022 AFIA has provided a submission to the Consumer Financial Protection Bureau in the United States in response to the CFPB’s public request for comments on its inquiry into th…
Mar 2022
4 March 2022 AFIA provided a submission to the review of the Australian Business Securitisation Fund (ABSF) capturing the experiences and views of members as well as some ideas about how the i…
Feb 2022
28 February 2022
AFIA appreciates the opportunity to provide this submission on the APRA Information Paper: Macroprudential Policy Framework.
Download Submission
Feb 2022
23 February 2022
AFIA appreciates the opportunity to provide feedback to the Office of the Australian Information Commissioner in relation to the Privacy (Credit Reporting) Code 2014 (Ve…
Feb 2022
11 February 2022
AFIA appreciates the opportunity to provide our submission to the Australian Securities and Investments Commission on CP 350 - Consumer Remediation: Further Consultation…
Feb 2022
8 February 2022
AFIA appreciates the opportunity to provide feedback to the Australian Securities and Investments Commission (ASIC) on CP 354: ASIC relief for simple arrangements followi…
Jan 2022
28 January 2022
AFIA appreciates the opportunity to provide our submission to the Assistant Treasurer for consideration in preparing the 2022-23 Federal Budget.
Download Submission
Jan 2022
25 January 2022
AFIA appreciates the opportunity to make a submission to the Australian Securities and Investments Commission on CP 355 Product Intervention Orders: Short Term Credit and…
Jan 2022
24 January 2022 AFIA appreciates the opportunity to provide additional feedback to the Attorney-General’s Department’s (AGD) consultation on the Online Privacy Bill Exposure Draft.…
Jan 2022
19 January 2022
AFIA has provided input to the Australian Chamber of Commerce and Industry (ACCI) submission on the government’s exposure draft legislation to allow small business…
Jan 2022
10 January 2021 AFIA appreciates the opportunity to make a submission to HM Treasury's Regulation of Buy Now Pay Later Consultation, released in October 2021. Download Submission
Dec 2022
17 December 2021
AFIA has provided input to the Australian Chamber of Commerce and Industry (ACCI) submission on the Treasury's Regional Banking Taskforce - Issues Paper.
Access the full…
Dec 2022
16 December 2021 AFIA appreciates the opportunity to provide a submission to the Ministry of Business, Innovation and Employment (MBIE) Discussion Document about Buy Now Pay Later (BNPL) produ…
Sep 2021
AFIA appreciates the opportunity to make a submission to the House of Representatives Standing Committee on Tax and Revenue inquiry into the contribution of tax and regulation on housing affor…
Sep 2021
20 September 2021 AFIA appreciates the opportunity to make a submission to the Treasury on strengthening protections against unfair contract terms. Download Submission
Aug 2021
24 August 2021 AFIA appreciates the opportunity to make a submission to the Treasury on the draft legislation, explanatory materials, and associated documents for the Financial Accountability…
Aug 2021
18 August 2021 The Australian payments and financial services regulatory architecture is considered world-class. Australian financial services businesses have been driving change across the fi…
Jun 2021
25 June 2021 AFIA appreciates the opportunity to make a submission to the Parliamentary Joint Committee on Corporations and Financial Services inquiry into the use of financial services such a…
Jun 2021
4 June 2021 AFIA appreciates the opportunity to make a submission to the Australian Securities and Investments Commission on CP 340 Breach Reporting and Related Obligations. The new breach re…
May 2021
24 May 2021 AFIA has made a submission to the Mobile Payment and Digital Wallet Financial Services Inquiry. The Inquiry’s will focus on the commercial relationships and business models b…
Apr 2021
23 April 2021 The deferred sales model for add on insurance commences on 1 October 2021. AFIA recommends ways in which ASIC can support industry to implement the deferred sales model. Do…
Apr 2021
14 April 2021 AFIA remains concerned with the potential scope of regulatory burden of the new regime and has engaged closely with Treasury throughout the consultation process. Our recommendati…
Apr 2021
1 April 2021 AFIA supports Treasury’s review, and recognises it as a timely opportunity to identify where further enhancements can be made to ensure AFCA is operating efficiently and eff…
Mar 2021
19 March 2021 AFIA supports the reforms to the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) laws, in particular to enable reporting entities to rely on ‘safe harbour&r…
Mar 2022
2 March 2021
AFIA appreciates the opportunity to provide our submission to the Australian Securities and Investments Commission on CP 335 Consumer Remediation: Update to Regulatory Guide…
Feb 2021
15 February 2021 AFIA submission to Treasury seeks applications for class-based exemptions from the Deferred Sales Model for marine comprehensive insurance and off-road rider fire and theft in…
Feb 2021
12 February 2021 AFIA supports the Government’s proposal to licence debt management and credit repair firms. We believe this is the first step in a potential series of activities that wi…
Feb 2021
5 February 2021 AFIA supports the Government’s commitment to improve reference checking and information sharing protocols in financial institutions (ASIC Protocol). The ASIC Protocol sho…
Feb 2021
5 February 2021 AFIA supports continuing the self-regulatory architecture of the Australian payments system. The payments regulatory architecture should support continued innovation for the be…
Feb 2021
3 February 2021 It is important that the 2021/22 Budget focus on initiatives to further boost and embed our economic recovery to deliver growth above trend. These initiatives include promoting…
Nov 2020
24 November 2020 AFIA provides a further response to insolvency reforms to support small business. Download
Nov 2021
20 November 2020 AFIA welcomes the opportunity to provide further feedback on the proposed lending framework. As we have outlined previously, AFIA members support the Federal Government’…
Australian Finance Industry Association Limited | ABN 13 000 493 907
© All content is the copyright of AFIA | AFIA Privacy
Policy
ABN 13 000 493 907 | L11 130 Pitt Street Sydney NSW 2000
