AFCA Appropriate Lending Approach
On 29 September 2023, AFIA responded to the Australian Financial Complaints Authority (AFCA) consultation on their Approach to Appropriate Lending to Small Business.
AFIA supported AFCA progressing with the recommendations of Treasury’s previous review of AFCA and raised specific concerns with aspects of the draft approach with the aim of ensuring it is clear, easily understood, consistent, relevant, legally compliant and scalable.