Financial services regulation

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ABA submission on Future of Financial Advice (FOFA reforms)
12 Jan 2012
In this submission the Australian Bankers’ Association (ABA) appreciates the opportunity to provide comments to the inquiry into the Corporations Amendment (Future of Financial Advice) Bill 2011 and Corporations Amendment (Further Future of Financial Advice Measures) Bill 2011, and accompanying Explanatory Memorandums (“FOFA legislative package”).
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ABA submission on Term Deposits
9 Jan 2012
The Australian Bankers’ Association (ABA) provided comments to the Australian Securities and Investments Commission (ASIC) Consultation Paper 169:Term deposits that are only breakable on 31 days’ notice: Proposals for relief.
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ABA submission Impacts of COAG Reforms - Business Regulation
3 Nov 2011
In this submission to the Productivity Commission, the Australian Bankers’ Association (ABA) wishes to focus on the Commonwealth Government’s and the Council of Australian Governments’ (COAG) credit regulatory reform program.
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ABA Submission Future of Financial Advice (FOFA) reforms
24 Oct 2011
The Australian Bankers' Association (ABA) provided comments on the Exposure Draft Corporations Amendment (Further Future of Financial Advice Measures) Bill 2011 and accompanying draft Explanatory Memorandum.
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ABA submission Exposure Draft – National Consumer Credit Protection Amendment (Enhancement) Bill 2011
5 Sep 2011
The ABA provided comment to Treasury on the National Consumer Credit Protection Amendment (Enhancements) Bill and specifically enhancements to the regulation of short term, small amount (payday) lending.
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ABA submission National Disaster Insurance Review inquiry into flood and related matters issues paper
29 Jul 2011
The ABA provided comments to the National Disaster Insurance Review Inquiry. The ABA strongly believes that increasing the numbers of consumers who make the right insurance choice for their particular needs and circumstances is best achieved not through intervention in the insurance market such as via a mandated ‘automatic flood cover’ approach or intervention in the banking system such as via a legal obligation on lenders to mandate insurance cover, but rather through reform of the insurance market combined with government-industry initiatives. Competition in the insurance market should seek to provide clearer information, better disclosure and an enhanced choice of suitable insurance products
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ABA submission Assessment and Professional Development Framework for Financial Advisers
14 Jun 2011
The Australian Bankers’ Association (ABA) provided comments to the Australian Securities and Investments Commission (ASIC) Consultation Paper 153: Licensing: Assessment and professional development framework for financial advisers.
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ABA supplementary submission on Inquiry into the National Consumer Credit Protection Amendment (Credit Card and Home Loans) Bill 2011
27 May 2011
The ABA provided two submissions to the House of Representatives Standing Committee on Economics on the exposure draft National Consumer Credit Protection Amendment (Credit Cards and Home Loans) Bill 2011. The ABA and its member banks have significant concerns with the Government’s policy on credit cards and home loans key fact sheets.
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ABA submission on Inquiry into the National Consumer Credit Protection Amendment (Credit Card and Home Loans) Bill 2011
23 May 2011
The ABA provided two submissions to the House of Representatives Standing Committee on Economics on the exposure draft National Consumer Credit Protection Amendment (Credit Cards and Home Loans) Bill 2011. The ABA and its member banks have significant concerns with the Government’s policy on credit cards and home loans key fact sheets.
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ABA submission on the National Credit Reform Green Paper
2 Aug 2010
The ABA have provided this submission to the Corporations and Financial Services Division of the The Treasury. The ABA notes that the matters canvassed in the Green Paper are very significant, particularly the chapters of the Paper that deal with small business, investment and credit card lending. The ABA has a real concern to ensure that the Green Paper is not the culmination of the government’s consultation process. Rather, it is the forerunner to a more focused empirical research project than can examine and evaluate the wider economic and market implications of any intended regulatory intervention.

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