25 July 2025

AFIA submitted to the Treasurer’s Economic Reform Roundtable consultation, calling on the Australian Government to focus on smarter regulation, digital innovation and targeted policy reform to unlock Australia’s productivity potential.

27 June 2025

AFIA responded to the second AUSTRAC consultation on new AML/CTF Rules. AFIA's submission put forward several key recommendations, including those relating to greater clarity on definitions relating to the revised value transfer chain concept.

02 June 2025

AFIA responded to the Identity Verification Services Amendment (Participation Agreements) Rules 2025 Consultation.

20 May 2025

AFIA provided to a submission to ASIC’s Consultation Paper 383 relating to “Reportable situations and internal dispute resolution data publication”.

28 April 2025

AFIA provided a submission to ASIC’s Discussion Paper on the dynamics between public and private markets in Australia. The paper considers the regulatory and economic questions posed by the global rise of private equity and credit.

08 April 2025

AFIA provided a submission to the Australian Financial Complaints Authority Joint consultation on approaches to family violence and financial elder abuse.

31 January 2025

AFIA submitted its Pre-Budget Submission to Treasury ahead of the 2025–26 Federal Budget. In the submission, AFIA called for stronger support to enable responsible lending and innovation in financial services, including targeted investment in digital infrastructure, clean and green finance, and Consumer Data Right enhancements.

14 February 2025

AFIA provided a submission to CFR Review into Small and Medium-sized Banks which advocates for a financial system that supports diverse business models, encourages innovation, and ensures that regulation does not inadvertently entrench advantages for larger players at the expense of smaller banks and non-bank lenders.

24 December 2025

AFIA submitted its response to Treasury’s consultation on the Consumer Data Right (CDR) Draft Rules 2024. AFIA’s submission supports the recalibrated framework, which prioritises high-value use cases, reduces regulatory burdens, and introduces a phased implementation timeline for non-bank lenders.

6 December 2024

AFIA responded to the Reserve Bank of Australia Review of Merchant Card Payment Costs and Surcharging. Our comments build upon our previous submissions to Treasury on reforms to the payments system.

On 12 November 2024 , AFIA submitted its response to Treasury’s review of AI in and the Australian Consumer Law (ACL). AFIA’s submission suggests that existing ACL provisions on transparency and fairness provide sufficient coverage for AI-related risks, and recommends that these provisions continue to be appropriately monitored without introducing AI-specific amendments.

AFIA submitted its response to Industry on 4 October 2024 regarding mandatory guardrails for AI in high-risk settings: proposals paper. The proposal aims to address AI risks across the economy. The Guardrails intend to apply to high-risk settings, with credit applications specifically highlighted in the consultation.

On 4 October 2024, AFIA submitted its response to the Treasury on the Scams Prevention Framework. This response builds on the January 2024 consultation regarding a mandatory industry code for scams. The framework’s initial scope includes banks, superannuation, and telecommunications, with mechanisms for expansion to other industries, likely capturing non-bank lenders.

On 2 October 2024, AFIA made a submission to the Senate Economics References Committee inquiry into Australia’s financial regulatory framework and home ownership.

On 11 September 2024, AFIA responded to the Consumer Data Right (CDR): Consent and Operational Enhancements Amendments consultation from Treasury.

On 4 September 2024, AFIA provided feedback on the Independent Review of the Principles of Reciprocity & Data Exchange (PRDE) being undertaken on behalf of Australian Retail Credit Association.

On 28 August 2024, AFIA responded to the proposed updates by the Australian Securities and Investments Commission to Regulatory Guide 274 – Product design and distribution obligations (RG 274).

On 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.  

On 28 June 2024, AFIA made a submission to the Senate Economics Legislation Committee’s inquiry into the provisions of the Treasury Laws Amendment (Responsible Buy Now Pay Later and Other Measures) Bill 2024.

On 9 April 2024, AFIA made a submission to Treasury on the draft legislative package to include Buy Now Pay Later (‘BNPL’) products within the National Consumer Credit Protection Act 2009 (Cth)(‘the Credit Act’).