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Extending the Small Business Responsible Lending Obligations Exemption
19 August 2024
AFIA responded to Treasury’s proposed extension of the small business responsible lending obligations exemption. Our response highlights AFIA’s support for the exemption being extended, noting the critical importance of small businesses having access to easily available and appropriately offered credit.
BNPL Injects $22.9 Billion into the Australian Economy in FY23
28 June 2024
AFIA released comprehensive new research by BIS Oxford Economics and RFI Global which found the Buy Now Pay Later sector injected $22.9 billion into the Australian economy and supported close to 150,000 local jobs over the past financial year.
AFIA Welcomes the Release of the Government’s Sustainable Finance Roadmap
19 June 2024
AFIA has welcomed the release of the Federal Government’s Sustainable Finance Roadmap, which will help investors, companies and the Australian community capitalise on and make the most of the significant opportunities arising from the global net zero transition and economic transformation.
AFIA Welcomes BNPL Legislation: An Innovative, Competitive, and Sustainable Sector for the Future
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
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.
AFIA Welcomes the Release of Buy Now, Pay Later Legislation
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.
Pepper Money CEO Appointed Chair of Australian Finance Industry Association
11 March 2024
Pepper Money CEO, Mario Rehayem appointed Chair of AFIA from 1 March 2024.
BNPL Sector Working to Support Vulnerable Customers
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
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
30 November 2023
Don't Let Scammers Steal Your Holiday Cheer!