Submissions 2012

Banking on the go – security tips for your smartphone and tablet
25 Sep 2012
Australians love new technology. According to a global survey by Googlei, Australia has one of the highest smartphone penetrations in the world at 37 per cent – just behind Singapore – and we're also consuming more applications (apps) than the US or Britain. The research noted we're also leading the way in mobile banking, with Australians 65 per cent more likely than the British and 14 per cent more likely than Americans to conduct banking on our phones. And by 2016, mobile payments are expected to reach $US617 billion worldwide – that‟s nearly a sixfold increase from 2011 at $US105 billionii. That‟s because banking on your computer, tablet or smartphone is so convenient. You can do your banking when it suits you, not just when the branch doors are open. Banking from your office, the lounge room, when travelling and on holidays – being able to do your banking whenever and wherever you like, puts you in charge. Being able to check your balances, track your savings, set goals and make payments all help you cont ...
Australian Bankers’ Association’s (ABA) submission to Business Tax Working Group Secretariat, The Treasury re Business Tax Working Group Discussion Paper
21 Sep 2012
The ABA agrees with the Working Group that Australia should have an ambition to reduce its corporate tax rate over the medium term. A lower rate would improve productivity, drive GDP growth and should lead to increased tax collections for the Government. And as banks are linked to Australia’s economic performance – GDP improvements could also benefit banks because businesses and individuals should increase their demand for banks’ products and services.
ABA response to The Australia Institute in regard to Profit in Home Lending
1 Sep 2012
The purpose of this short paper is to respond to the recently released Technical Brief by The Australia Institute: The Australia Institute, The profit in home lending, Technical Brief No. 16, August 2012. It details the flaws in The Australia Institute's methodology. The ABA also issued a media release on the media reports which were based on The Australia Institute's technical brief.
The Australian Bankers’ Association’s (ABA) submission to NSW Fair Trading re Review of the NSW Home Building Act 1989
27 Aug 2012
The ABA’s submission focuses on Key Issue 1: Home Building Contracts, specifically Issue 2: Progress Payments.
ABA submission to ASIC on CP178: Advertising credit products and credit ervices: Additional good practice guidance
15 Aug 2012
The Australian Bankers' Association (ABA) provided comments to ASIC on Consultation Paper 178: Advertising credit products and advice services: Good practice guidance including the proposed Regulatory Guide. This submission sets out our general comments on the nature of the guidance. It then makes specific comments on the content of the consultation paper and proposals for additional good practice guidance and examples for advertising credit products and credit services.
The Australian Bankers’ Association’s (ABA) submission to the Department of Foreign Affairs and Trade re Autonomous Sanctions Amendment Regulation 2012
17 Jul 2012
There are a number of changes outlined in the Regulation that will have a significant effect on the way financial institutions do business, and the ABA provided detailed comments in the submission. However the ABA is particularly concerned about the proposal to introduce the term ‘citizen’ into the Regulation,the introduction of which will have far reaching consequences for Iranian nationals and the financial services industry
Australian Bankers’ Association’s (ABA) submission to Treasury re Changes to ADI prudential standards from 1 January 2013 – Submission as to necessary income tax change
16 Jul 2012
The ABA would like to see a change to the Income Tax Assessment Act 1997 (ITAA) in order to mitigate adverse commercial consequences for Australian ADIs and non-operating holding companies (NOHCs) and other regulated financial institutions, from 1 January 2013, as a result of changes to prudential capital standards.
The Australian Bankers’ Association’s (ABA) submission to the Legal and Constitutional Affairs Committee re Privacy Amendment (Enhancing Privacy Protection) Bill 2012
16 Jul 2012
The Privacy Amendment (Enhancing Privacy Protection) Bill 2012 (Bill) that includes the single national Australian Privacy Principles (APPs) with the addition of a more comprehensive credit reporting regime are welcome and timely developments towards a more seamless and nationally focused Australian privacy regime. The ABA has provided comments on the proposed privacy reforms in the Bill, in particular on the APPS.
Inquiry into the prevention and treatment of problem gambling
12 Jun 2012
The Australian Bankers’ Association (ABA) provided comments to the Joint Select Committee on Gambling reform with regard to the Inquiry into the prevention and treatment of problem gambling.
Strengthening economic relations between Australia and New Zealand
4 Jun 2012
The Australian Bankers’ Association (ABA) welcomes the opportunity to provide feedback on the Australian and New Zealand Productivity Commissions’ joint paper, ‘Strengthening economic relations between Australia and New Zealand’ (joint paper).

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