Coalition financial services policy platform – key reforms

The Coalition has announced several key pre-election policy reform commitments in relation to Australia’s financial services sector, including reforming prudential settings, such as: 

• Increasing banking competition by easing regulatory burdens on regional, mid-tier, and smaller banks. 

• Adjusting lending criteria to support home ownership, ensuring serviceability requirements reflect the interest rate cycle. 

• Expanding small business lending—no Australian should need to own a home to start a business. 

• Preventing overcapitalisation of insurers to lower consumer costs and free up capital for investment.