Industry News

Read the latest news from AFIA and the Australian finance industry.

Finance Industry Steps Up as New AFIA Code Takes Effect

October 1, 2026

Lenders and finance providers across the full spectrum of the finance industry have committed to stronger standards, greater accountability and better customer protections, as the AFIA Finance Industry Code of Practice comes into force today.

SMSF residential lending ban far exceeds Government estimates

July 27, 2026

New data from Australia's specialist non-bank lenders reveals the Government's ban on new residential limited recourse borrowing arrangements (LRBAs) for self-managed superannuation funds (SMSFs) will affect a market significantly larger than official estimates suggest.

AFIA recommits to lifting industry standards following ASIC motor finance report

June 24, 2026

24 June 2026 The Australian Finance Industry Association (AFIA) acknowledges the release of the Australian Securities and Investments Commission’s (ASIC’s) final report into the motor finance sector and the findings on lending practices and customer outcomes across the sector.

Industry sounds alarm on SMSF lending ban

June 23, 2026

23 June 2026 AFIA, the MFAA and CAFBA warn the Government’s ban on new limited recourse borrowing arrangements for residential property in SMSFs risks reducing investment, limiting credit availability and undermining efforts to increase housing supply.

AFIA welcomes newest members of the Finance Industry Code of Practice

May 1, 2026

1 May 2026 The Australian Finance Industry Association congratulates Brighte, Navalo Financial Services (trading as Payright BNPL) and Zip as the latest members to join AFIA’s Finance Industry Code of Practice.

Latest industry data shows electric vehicles defy weaker motor finance market

April 15, 2026

15 April 2026 New AFIA motor vehicle finance data for February 2026 shows EV finance surged 48 per cent year-on-year even as the broader market weakened, with the value of new vehicles financed nearly 3 per cent lower as higher borrowing costs and inflation weigh on demand.

Don’t stall the transition: AFIA urges policy certainty as record emissions drop confirms momentum

February 25, 2026

25 February 2026 The Australian Finance Industry Association has welcomed new national emissions data confirming Australia’s emissions are continuing to trend downwards, reinforcing the importance of stable, long-term electric vehicle and transport policy settings.

AFIA welcomes first accredited member under Finance Industry Code of Practice

February 25, 2026

26 February 2026 AFIA has congratulated Pepper Money on becoming the first organisation accredited under AFIA’s Finance Industry Code of Practice — an important milestone for the first whole-of-industry code for Australia’s non-bank lending and specialist banking sector.

Banks and lenders unite to fight financial abuse

January 27, 2026

27 January 2026 Australia’s banks and finance firms are joining forces with Australia’s leading financial safety by design expert, to prevent financial abuse, with the launch of the Financial Safety Alliance.

AFIA welcomes expansion of lender panel for government deposit scheme

November 10, 2025

11 November 2025 The Australian Finance Industry Association today welcomed Housing Australia’s move to expand lender access to the Australian Government’s 5% Deposit Scheme, a step that will increase competition and give home buyers greater access and choice.

FY25 AFIA Annual Review

October 29, 2025

29 October 2025 FY25 has been a year of transformation and adaptability - a year defined by progress, collaboration, and resilience across our industry.

Stronger consumer protections with the launch of the AFIA Industry Code of Practice

September 22, 2025

22 September 2025 AFIA is proud to unveil its Finance Industry Code of Practice — the first of its kind for Australia’s non-bank lending and specialist banking sector — setting a new benchmark for integrity, transparency and fairness across the industry.

Electric Car Discount could halve vehicle emissions if continued to 2035

September 14, 2025

15 September 2025 New modelling by Magenta Advisory finds extending the Electric Car Discount for a decade could halve vehicle emissions versus ending it in 2027, as keeping the FBT exemption for battery EVs and reinstating it for plug-in hybrids speeds cleaner transport.

AFIA announces the release of the updated IPF Code

July 11, 2025

11 July 2025 The Australian Finance Industry Association announces the release of the updated IPF Code and the accreditation of ClearMatch as a Code Compliant Member.

AFIA confirms important role of the BNPL Code of Practice

May 13, 2025

14 May 2025 The Australian Finance Industry Association has today confirmed the Buy Now Pay Later sector is reviewing and updating the BNPL Code of Practice, so it continues to play an important role in our co-regulatory framework.

AFIA Releases Updated Insurance Premium Funding Code of Practice

March 19, 2025

20 March 2025 AFIA has today released an update of its Insurance Premium Funding Code of Practice. The updated Code reflects contemporary industry practices, while maintaining a customer-centric approach that emphasises transparency, fairness, and accountability.

Change to AFIA’s Auditor

March 10, 2025

14 February 2025 Following approval by AFIA members at the 2024 AGM and consent from ASIC, Pitcher Partners Sydney has tendered their resignation as auditors of AFIA, effective 14 February 2025, in accordance with Section 329(5) of the Corporations Act 2001.

AFIA Welcomes Federal Government’s Commitment to Greater Transparency on Financial Regulation

December 19, 2024

19 December 2024 AFIA has welcomed the Federal Government’s Regulatory Initiatives Grid. CEO Diane Tate said the RIG can give industry greater transparency by listing reform priorities and initiatives that will materially affect the sector over the next two years.

AFIA Releases Updated Car Rental Code of Practice

December 8, 2024

9 December 2024 AFIA published a comprehensive update of its Car Rental Code of Practice. The Code sets clear standards of practice and expected customer service outcomes for AFIA’s car rental member signatories.

Passage of BNPL Legislation

November 28, 2024

28 November 2024 AFIA released Australia’s first non-bank lending Code of Practice for consultation.

FY24 AFIA Annual Review

October 29, 2024

23 October 2024 Read the AFIA FY24 Annual Review to discover the work we have done for and on behalf of members during FY24, as well as gain some insights into our industry during the last year.

AFIA Publishes First Non-Bank Lending Code of Practice: New Industry Standards to Benefit Australian Consumers

September 18, 2024

18 September 2024 AFIA released Australia’s first non-bank lending Code of Practice for consultation.

AFIA Welcomes BNPL Legislation: An Innovative, Competitive, and Sustainable Sector for the Future

June 7, 2024

On 5 June 2024, AFIA welcomed the introduction of legislation for Buy Now, Pay Later products in Australia, ensuring an innovative, competitive, and sustainable sector that is underpinned by proportionate regulation and delivers choice for all Australians.

Novated Leasing Sparks Surge in EV Adoption

May 7, 2024

7 May 2024 On 7 May 2024, AFIA released its inaugural EV Finance: Driving Down Australia’s Emission report, revealing its members have financed close to $2.5 billion in electric vehicles (EVs) over the past year.

Pepper Money CEO Appointed Chair of Australian Finance Industry Association

March 11, 2024

11 March 2024 Pepper Money CEO, Mario Rehayem appointed Chair of AFIA from 1 March 2024.

AFIA Welcomes the Release of Buy Now, Pay Later Legislation

March 11, 2024

12 March 2024 On 12 March 2024, AFIA welcomed the Federal Government’s release of draft legislation on the regulation of Buy Now, Pay Later products in Australia.

BNPL Sector Working to Support Vulnerable Customers

December 22, 2023

29 December 2023 AFIA has taken a significant step in reinforcing customer protection and trust within the Buy Now Pay Later sector by introducing new industry guidance measures to support vulnerable customers.

AFIA Welcomes New Members to Insurance Premium Funding Code of Practice

December 18, 2023

15 December 2023 AFIA members Arteva and QPR have been accredited to the Insurance Premium Funding Code of Practice (‘the Code’) by the Insurance Premium Funding Code Compliance Committee.

AFIA’s Top Tips for a Digitally Safe Festive Season

November 30, 2023

30 November 2023 Don't Let Scammers Steal Your Holiday Cheer!

AFIA 2023 Scholarship Shows Plenti of Potential

November 14, 2023

14 November 2023 AFIA has announced Louis Edwards, the Head of Renewable Energy Fnance at Plenti, as the winner of the prestigious AFIA International Climate Change Scholarship.