Submissions
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Senate Economics Legislation Committee - BNPL Inquiry
On 28 June 2024, AFIA made our submission to the Senate Economics Legislation Committee’s inquiry into the provisions of the Treasury Laws Amendment (Responsible Buy Now Pay Later and Other Measures) Bill 2024.
BNPL Draft Legislation
On 9 April 2024, AFIA made our submission to Treasury on the draft legislative package to include Buy Now Pay Later (‘BNPL’) products within the National Consumer Credit Protection Act 2009 (Cth)(‘the Credit Act’).
Financial Services Regulatory Framework in relation to financial abuse
In June 2024, AFIA responded to the Parliamentary Joint Committee on Corporations and Financial Services inquiry into ‘Financial Services Regulatory Framework in relation to financial abuse’.
Reforms to Australia's AML/CTF Regime
On 21 June, AFIA responded to the Attorney-General’s Department’s consultation on reforming Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) regime.
Credit Reporting Framework Issues Paper
On 31 May 2024, AFIA responded to the independent statutory review of Australia’s Credit Reporting Framework Issues paper. AFIA acknowledged the importance of a modern and effective credit reporting framework in Australia that is fit for purpose both now and in the future, that caters to all the requirements of the diverse variety of lenders.
Draft of the Corporate Governance Principles and Recommendations 5th Edition
On 8 May 2024, AFIA made a submission to the Australian Securities Exchange Ltd (‘ASX’) on the consultation draft of the 5th Edition of their Corporate Governance Principles and Recommendations.
Exposure Draft ED SR1 Australian Sustainability Reporting Standards – Disclosure of Climate-related Financial Information
On 1 March 2024, the Australian Finance Industry Association (AFIA) responded to the Exposure Draft ED SR1 Australian Sustainability Reporting Standards – Disclosure of Climate-related Financial Information.
Payments System Modernisation (Regulation Of Payment Service Providers)
On 9 February 2024, AFIA submitted a response to the Payments System Modernisation (Regulation of Payment Service Providers) consultation.
2024-25 Pre-Budget submission
On 29 January 2024, the Australian Finance Industry Association (AFIA) submitted its pre-budget submission for the fiscal year 2024-25 to the Hon Stephen Jones MP, Assistant Treasurer and Minister for Financial Services.
Climate-related financial disclosure exposure draft legislation
On 9 February 2024, AFIA responded to Treasury’s exposure draft legislation and explanatory materials for climate-related financial disclosure obligations.
Scams – mandatory industry codes
On 29 January 2024, AFIA submitted a response to the Scams – mandatory industry codes consultation.
Sustainable Finance Strategy
On 1 December 2023, AFIA responded to the Government’s Sustainable Finance Strategy consultation paper.
Draft Consumer Data Right Rules for Non Bank Lending
On 6 October AFIA made a submission on the draft amendments to the Competition and Consumer (Consumer Data Right) Rules 2020.
Draft PSRA 1998 Exposure Legislation
On 1 November 2023, AFIA made a submission to Treasury’s consultation on Reforms to the Payment Systems (Regulation) Act 1998 – Exposure draft legislation.
AFCA Appropriate Lending Approach
On 29 September 2023, AFIA responded to the Australian Financial Complaints Authority (AFCA) consultation on their Approach to Appropriate Lending to Small Business.
AFCA Approach to Responsible Lending
On 12 September 2023, AFIA responded to the Australian Financial Complaints Authority (AFCA) consultation on their Approach to Responsible Lending.
Decision Proposal 316 - Non-Bank Lending sector alignment
On 25 August 2023, AFIA responded to Decision Proposal 316, the Non-Bank Lending sector alignment for the Consumer Data Right (CDR) ecosystem.
FAR - Proposed Regulator and Transitional Rules
On 17 August 2023, AFIA provided our submission to ASIC and APRA on their proposed regulator and transitional rules for the new Financial Accountability Regime (FAR).
Second consultation on climate related disclosures
On 21 July 2023, AFIA made a submission to Treasury’s second consultation paper on climate-related financial disclosure and the Australian Government’s commitment to a sustainable finance strategy.
Licensing of Payments Service Providers
On 21 July 2023, AFIA made a submission to Treasury regarding their consultation on the licensing of Payments Services Providers (PSPs).