AFIA is a leading advocate for the Australian financial services industry. We support our members to finance Australia’s future.
We believe that our industry can best support Australia’s economy by maximising choice in and access to consumer and business finance, fostering competition and innovation in financial services, and facilitating greater financial, and therefore social, participation across our community.
AFIA represents over 100 providers of consumer, commercial and wholesale finance across Australia. These banks, finance companies,
and fleet and car rental providers, and fintechs provide traditional and more specialised finance to help businesses mobilise working capital, cashflow and investment.
They are also at the forefront of financial innovation in consumer finance.
AFIA’s role, as an industry association, is to provide leadership and represent members’ views. We do this through engagement with governments, financial regulators, and other key stakeholders on issues important to our members and their customers. This includes advocating for balanced legislation, policy and regulation. We facilitate self-regulation through industry codes of practice and gather industry data to help support more evidenced-based decision-making.
We also support our members through ongoing communication, events and learning opportunities that ensure they are
aware of and understand current and emerging developments relevant to our industry.
Our Strategic Goal
Financing Australia’s Future: Embrace the challenges of the modern finance industry, by leveraging the insights of our diverse membership, to influence our future and drive a culture, based on integrity, transparency and fairness, to achieve better outcomes for our customers and our industry.
We’re DYNAMIC and CURIOUS, which means we listen, understand our people, re-conceptualise issues and continuously evolve to discover solutions to problems.
We don’t just say INTEGRITY and RESPECT, they underpin every engagement we have.
We’re not afraid to CHALLENGE because we’re PASSIONATE about doing what’s right together.
We have the COURAGE to INNOVATE, which means we look for ways to connect our community and move the finance industry forward.
These values will underpin our organisational culture and encourage the behaviours that will help us achieve our strategic goal. While these values are for the AFIA team, they reflect the behaviours and standards across our industry and are intended to sit alongside the values frameworks of our members.
With good standing in the finance community and a wealth of industry knowledge, our expert advice, policy work, advocacy and regulatory guidance allows us to influence stakeholders and support members to finance Australia’s Future.
Learn more about what we did for our members in FY2020…
Through our 150+ Full and Associate Members, we influence policy and regulation to ensure customer access to finance.
Through our Industry Groups we represent all sectors across the Australian Financial services industry to ensure ongoing sector-specific advocacy activities and networks.
We actively contribute to public policy discussions with Government on a broad range of issues relevant to our industry to represent members’ views.
Codes of Practice
Responding to our members’ preference to lead and set industry standards / self regulate, we continue to drive the development of Codes of Practice for relevant industry segments.