14 February 2025

AFIA provided a submission to CFR Review into Small and Medium-sized Banks which advocates for a financial system that supports diverse business models, encourages innovation, and ensures that regulation does not inadvertently entrench advantages for larger players at the expense of smaller banks and non-bank lenders.

6 December 2024

AFIA responded to the Reserve Bank of Australia Review of Merchant Card Payment Costs and Surcharging. Our comments build upon our previous submissions to Treasury on reforms to the payments system.

AFIA submitted its response to Industry on 4 October 2024 regarding mandatory guardrails for AI in high-risk settings: proposals paper. The proposal aims to address AI risks across the economy. The Guardrails intend to apply to high-risk settings, with credit applications specifically highlighted in the consultation.

On 28 August 2024, AFIA responded to the proposed updates by the Australian Securities and Investments Commission to Regulatory Guide 274 – Product design and distribution obligations (RG 274).

On 19 August 2024, AFIA responded to Treasury’s proposed extension of the small business responsible lending obligations exemption. Our response highlights AFIA’s support for the exemption being extended, noting the critical importance of small businesses having access to easily available and appropriately offered credit.  

On 1 December 2023, AFIA responded to the Government’s Sustainable Finance Strategy consultation paper.

On 6 October 2023, AFIA made a submission on the draft amendments to the Competition and Consumer (Consumer Data Right) Rules 2020.

On 25 August 2023, AFIA responded to Decision Proposal 316, the Non-Bank Lending sector alignment for the Consumer Data Right (CDR) ecosystem.

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.

On 7 July 2023, AFIA made a submission to the Government’s proposed updates to the Payment Systems (Regulation) Act 1998 (‘the PSRA’).

On 16 June 2023, AFIA made a submission to the Attorney-General’s Department on proposed reforms to Australia’s Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) regime.

On 4 May 2023, AFIA made a submission to the Australian Financial Complaints Authority (AFCA) Rules and Operational Guidelines – Proposed amendments consultation.

On 13 April 2023, AFIA made a submission to Treasury’s consultation on proposed changes to the thin captalisation rules for financial entities.

AFIA lodged our submission to the Attorney-General’s Department on their consultation regarding the Privacy Act Review. The review’s final report proposes 116 potential changes to the Privacy Act 1988 (Cth).

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) and regulations.

On 10 March 2023, AFIA made a submission on Buy Now, Pater Later (BNPL) regulation in New Zealand to the Ministry of Business, Innovation and Employment (MBIE).

On 17 February 2023, AFIA made a submission to the framing paper on ‘Designing Australia’s Sustainable Finance Taxonomy’.

On 17 February 2023, AFIA made a submission to Treasury’s consultation paper on climate-related financial disclosure.

AFIA today released its submission to Treasury’s Options Paper: Regulating Buy Now, Pay Later in Australia.

On 7 February 2023, AFIA made our submission to Treasury’s consultation on the Strategic Plan for the Payments System.