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.
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 24 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 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…
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’…
Nov 2020
9 November 2020 AFIA supports the harmonisation of state and territory laws through one Heavy Vehicle National Law. Download
Oct 2020
12 October 2020 AFIA supports the Government’s efforts to respond to the effects of the COVID-19 pandemic on the economy. These reforms are intended to give eligible small businesses the…
Aug 2021
24 August 2020 AFIA appreciates the opportunity to provide a submission to Treasury on the 2020-21 Federal Budget. AFIA believes that to achieve a fast, broad and sustainable economic recovery…
Aug 2020
19 August 2020 AFIA encourages ASIC not to issue its product intervention order on the sale of add-on insurance products through caryard intermediaries. Instead AFIA considers that the sale of…
Aug 2020
18 August 2020 The Commonwealth bankruptcy law must provide a fair and orderly process for dealing with the financial affairs of insolvent individuals while preserving the rights of creditors…
Aug 2021
11 August 2020 AFIA focuses on the importance of the appropriate application of ASIC’s proposed use of its product intervention power to continuing credit contracts, ensuring it is appli…
Jul 2020
10 July 2020 AFIA supports Treasury’s amendments to the Strengthening Breach Reporting exposure draft legislation. The implementation of this legislation must balance compliance objectiv…
Jun 2020
18 June 2020 AFIA supports the extension of the Australian Financial Services Licensing regime to litigation funders. It is also important for economic recovery that the class action system is…
Jun 2020
12 June 2020 AFIA supports the implementation of the Payment Times Reporting Framework to address the issue of late payments from large to small businesses. Download
Jun 2021
5 June 2020 AFIA’s response incorporates a number of practical initiatives. This includes initiatives to support a business-led recovery, strengthen consumer and business confidence, sup…
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