Australian Bankers' Association Inc.

  • Increase font size
  • Decrease font size
  • print this page
  • email a friend

Submissions


Financial Services Regulation

PDF
The Australian Bankers' Association (ABA) submission to the Senate Economics Legislation Committee on the Future of Financial Advice (FoFA)
5 May 2014
The ABA provided comments to the inquiry into the provisions of the Corporations Amendment (Streamlining of Future of Financial Advice) Bill 2014.
PDF
The Australian Bankers’ Association (ABA) submission to the Treasury re Exposure Draft – Corporations Amendment Regulation 2013 (Grandfathering )
21 March 2013
The ABA provided comment on the Exposure Draft – Corporations Amendment Regulation 2013 (Grandfathering)
PDF
ABA submission to The Hon Bill Shorten MP, Minister for Employment and Workplace Relations and Minister for Financial Services and Superannuation on National Consumer Credit Protection Amendment (Credit Reform Phase 2) Bill 2012
1 March 2013
The Australian Bankers’ Association (ABA) appreciates the decision to defer consideration of the small business lending regulatory proposals in this Bill and confirmation of Treasury’s advice that the Government will not be seeking passage of Schedule 2 of the Bill in the life of the current Parliament. The ABA, however, raises concerns with other aspects of the Bill. The ABA’s principal submission is that the remainder of the Bill’s provisions, except for a modified and more targeted drafting approach for the anti-avoidance provisions, should not be taken forward.
PDF
Joint Submission – Australian Bankers’ Association, Australian Financial Markets Association and Financial Services Council on Over-the-Counter Derivative Reforms - Australian Interest Withholding Tax
20 February 2013
The Australian Bankers Association (ABA), the Australian Financial Markets Association (AFMA) and the Financial Services Council (FSC) welcomed the opportunity to provide a submission to Treasury regarding their joint concerns on the potential imposition on Australian interest withholding tax on payments made under centrally cleared OTC derivatives.
PDF
ABA submission to ASIC on Future of Financial Advice: Conflicted remuneration
12 November 2012
The Australian Bankers’ Association (ABA) provided comments on the Consultation Paper 189: Financial Advice Reforms: Conflicted remuneration (CP189).
PDF
ABA submission to ASIC re CP186: Clearing and Settlement Facilities: International Principles and Cross
25 October 2012
The Australian Bankers’ Association (ABA) provided comments to the Australian Securities and Investments Commission (ASIC) on the proposed amendments to Regulatory Guide 211:Clearing and Settlement Facilities:Australian and overseas operators (RG211).
PDF
ABA submission to Reserve Bank of Australia re Consultation Paper – New Financial Stability Standards
25 October 2012
The Australian Bankers’ Association (ABA) provided comments to the Reserve Bank of Australia on the proposed new Financial Stability Standards (FSSs) for central counterparties (CCPs) and securities settlement facilities (SSFs).
PDF
ABA submission to ASIC on FOFA reforms - Best interests duty
8 October 2012
The Australian Bankers Association (ABA) provided comments on Consultation Paper 182:Future of Financial Advice: Best interests duty and related obligations – Update to RG 175. The ABA supports the Federal Government’s efforts to implement law reforms intended to improve the quality of financial advice, the regulation of financial planners and the professionalism of the financial planning industry.
PDF
ABA submission to ASIC on FOFA reforms - Scaled advice
8 October 2012
The Australian Bankers Association (ABA) provided comments on Consultation Paper 183: Giving information, general advice and scaled advice. The ABA supports the Federal Government’s efforts to implement law reforms intended to improve the quality of financial advice, the regulation of financial planners and the professionalism of the financial planning industry. A well explained scaled advice framework can improve the quality of advice and improve trust and confidence in the advice industry.

MoneySmart

ASIC has a website to help you make smart choices about money. For more information about managing your money, you can read this article or visit Money Smart.

MoneySmart website

Scam Alert

The Australian Bankers’ Association is warning of a telephone survey scam which is falsely using the ABA’s name in an attempt to de-fraud bank customers.