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.
Aug 2020
24 August 2020 In relation to the 2020-21 Budget, AFIA recommends the Federal Government focus on three areas: 1. Initiatives and actions that stabilise the economy and support a business-led…
Aug 2020
19 August 2020 AFIA welcome ASIC’s further consultation and understand that through the PIP Order, ASIC is seeking to protect consumers from significant detriment through the sale and pu…
Aug 2020
18 August 2020 AFIA's overarching response to this Review is that it is important that the policies that underpin Commonwealth bankruptcy law: 1. provide a fair and orderly process for dealing…
Aug 2020
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 appreciates the opportunity to respond to Treasury’s targeted stakeholder consultation and the chance to discuss first-hand on 2 July, some of your proposed changes. We…
Jun 2020
18 June 2020 AFIA specifically addresses only those matters that relate to the financial services industry, specifically the regulation and oversight of the litigation funding industry and the…
Jun 2020
5 June 2020 This submission focuses on the Government’s economic response and the finance industry’s actions to address the immediate and ongoing challenges for Australia due to th…
May 2020
31 May 2020 AFIA and its members support the implementation of the Consumer Data Right (CDR), it’s extension to the Energy sector and its commitment to have regard to competition, fairne…
May 2020
22 May 2020 AFIA and its members support the implementation of the Consumer Data Right (CDR), the Inquiry and its commitment to have regard to competition, fairness, innovation, efficiency, r…
Apr 2020
10 April 2020 AFIA welcomed the opportunity to provide further comments to the Committee, particularly in relation to the impact of the COVID-19 crisis on smaller lenders and the fintech secto…
Mar 2020
25 March 2020 AFIA welcomes the opportunity to provide a response to the Australian Securities and Investment Commission (ASIC)’s Consultation Paper 327: Implementing the Royal Commissio…
Mar 2020
13 March 2020 AFIA supports the implementation of the DDO in Pt 7.8A of the Corporations Act 2001 (Corporations Act). The regime introduces targeted and principles-based design and distributio…
Feb 2020
28 February 2020 AFIA supports Treasury and the Government in its plans to deliver on the recommendations of the Financial Services Royal Commission. It will be very important to ensure imple…
Feb 2020
17 February 2020 The Explanatory Memorandum to the SACC Bill (Explanatory Memorandum) notes that the Bill replicates the Government's Exposure Draft legislation released on 23 October 2017. A…
Feb 2020
14 February 2020 AFIA welcomes the opportunity to provide a response to Treasury on the Proposals Paper for Implementing Royal Commission Recommendations 3.9, 4.12, 6.6, 6.7, and 6.8, to exten…
Feb 2020
7 February 2020 This submission focuses on the RBA’s Inquiry into Surcharging, which is the focus of section 3.4 of the Issues Paper. We understand from the commentary within the Issues…
Feb 2020
7 February 2020 AFIA and its members support the implementation of Recommendation 7.1, with the Government establishing a Compensation Scheme of Last Resort (CSLR), consistent with that of the…
Dec 2020
31 December 2019 This submission offers key recommendations for this Inquiry based on the principles of ensuring: 1. Regulation is fit for purpose and not a barrier to entry or growth; 2. Acce…
Nov 2020
17 November 2019 AFIA welcomed the opportunity to comment on the exposure draft of Consultation Paper 324 Product Intervention: The sale of add-on financial products through caryard intermedia…
Nov 2020
4 November 2019 In this submission, we refer to the AFIA Submission in relation to the Corporations Amendment (Design and Distribution) Regulations which we submitted on 11 October 2019. Download
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Australian Finance Industry Association Limited [AFIA]
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