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.
The same column was published in “The Herald Sun”, “The Courier Mail”, “The Hobart Mercury” and “The Daily Telegraph.” The ABA sent this letter all those newspapers and it was published in ‘The Daily Telegraph” on 28/2/13
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.
Australian Bankers’ Association Covering letter and submission to the Australian Prudential Regulation Authority on Liquidity reporting requirements for authorised deposit-taking institutions – November 2012