Strengthening Australia's response to modern slavery in supply chains

September 25, 2026

AFIA supports the Government’s objective of strengthening Australia’s response to modern slavery.

However, the submission highlights that finance providers have limited visibility and influence over upstream sourcing and production activities, and therefore any new ‘failure to prevent’ offence should be proportionate, risk-based and aligned to an organisation’s actual capacity to identify, influence and prevent harm.

AFIA calls for a clear nexus test, a practical reasonable steps defence, sector-specific guidance, government-supported traceability mechanisms and a minimum two-year transition period before commencement.

Read the full submission here.

Recent Submissions

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Sustainable fringe benefits tax treatment of electric cars

September 28, 2026

AFIA supports the Government’s proposed transition to a more targeted and fiscally sustainable electric vehicle Fringe Benefits Tax concession, while preserving existing grandfathering arrangements for current EV users.

AFIA Submission to the RBA Review of Payments System Regulation

August 21, 2026

AFIA’s submission argues that Australia already has a world-leading payments system, delivered by competition, innovation and private-sector investment — and that further regulation should be evidence-based, proportionate and targeted to demonstrated problems.

AFIA Submission to Economics Committee Inquiry into Tax Reform Bill No. 2

July 21, 2026

17 July 2026 AFIA's submission strongly supports the Bill's provisions making the $20,000 Instant Asset Write-Off permanent for small businesses with turnover under $10 million, noting the certainty this gives to non-bank and specialist lenders structuring small business finance products.