AFIA Events

Like all businesses we are responding to the changes and challenges that we are all currently faced with. In light of COVID-19, AFIA has pivoted and significantly changed our delivery model, notably in relation to our traditional offering face-to-face events and education. To continue to provide value to members, we have transitioned our events program to a virtual platform. This is not only to ensure the health and safety of the broader community, but the continued professional development of our members.

Our online forums will continue to cover content on emerging topics, evolving issues, and business opportunities across the industry. We will be offering a range of forums to learn, connect and grow including virtual workshops and masterclasses, webinars, participatory online Q&A's and informative podcasts.

We appreciate your understanding as we build these programs – we are excited about the opportunity to bring new ways to connect with you during these uncertain times. 


Aug 2020

2020-21 Pre Budget Submission

24 August 2020 In relation to the 2020-21 Budget, AFIA recommends the Federal Government focus on three areas: 1. Initiatives and actions that stabilise the economy and support a business-led…


Aug 2020

The Sale of Add-On Motor Vehicle Financial Risk Products: Summary of Changes to Draft Product Intervention Order And Questions For Feedback (The Consultation)

19 August 2020 AFIA welcome ASIC’s further consultation and understand that through the PIP Order, ASIC is seeking to protect consumers from significant detriment through the sale and pu…


Aug 2020

Review of The Bankruptcy Threshold (The Review)

18 August 2020 AFIA's overarching response to this Review is that it is important that the policies that underpin Commonwealth bankruptcy law: 1. provide a fair and orderly process for dealing…


Aug 2020

ASIC's Consultation Paper 330: Using the Product Intervention Power: Continuing Credit Contracts

11 August 2020 AFIA focuses on the importance of the appropriate application of ASIC’s proposed use of its product intervention power to continuing credit contracts, ensuring it is appli…


Jul 2020

Strengthening Breach Reporting- Proposed Amendments to Exposure Draft Legislation

10 July 2020 AFIA appreciates the opportunity to respond to Treasury’s targeted stakeholder consultation and the chance to discuss first-hand on 2 July, some of your proposed changes. We…


Jun 2020

Litigation Funding and The Regulation of The Class Action Industry

18 June 2020 AFIA specifically addresses only those matters that relate to the financial services industry, specifically the regulation and oversight of the litigation funding industry and the…


Jun 2020

Senate Select Committee on COVID-19 Inquiry Into the Australian Government's Response To the COVID-19 Pandemic

5 June 2020 This submission focuses on the Government’s economic response and the finance industry’s actions to address the immediate and ongoing challenges for Australia due to th…


May 2020

Consumer Data Right- Energy Sector Designation Instrument

31 May 2020 AFIA and its members support the implementation of the Consumer Data Right (CDR), it’s extension to the Energy sector and its commitment to have regard to competition, fairne…


May 2020

Inquiry into Future Directions for the Consumer Data Right- Issues Paper

22 May 2020 AFIA and its members support the implementation of the Consumer Data Right (CDR), the Inquiry and its commitment to have regard to competition, fairness, innovation, efficiency, r…


Apr 2020

Senate Select Committee on Financial Technology and Regulatory Technology (the Inquiry) - AFIA Supplementary Submission

10 April 2020 AFIA welcomed the opportunity to provide further comments to the Committee, particularly in relation to the impact of the COVID-19 crisis on smaller lenders and the fintech secto…


Mar 2020

Consultation Paper 325 - Product Design and Distribution Obligations

13 March 2020 AFIA supports the implementation of the DDO in Pt 7.8A of the Corporations Act 2001 (Corporations Act). The regime introduces targeted and principles-based design and distributio…


Feb 2020

Financial Services Royal Commission - Enhancing consumer protections and strengthening regulators

28 February 2020 AFIA supports Treasury and the Government in its plans to deliver on the recommendations of the Financial Services Royal Commission. It will be very important to ensure imple…


Feb 2020

National Consumer Credit Protection Amendment (Small Amount Credit Contract and Consumer Lease Reforms) Bill 2019 (No. 2) (the SACC Bill)

17 February 2020 The Explanatory Memorandum to the SACC Bill (Explanatory Memorandum) notes that the Bill replicates the Government's Exposure Draft legislation released on 23 October 2017. A…


Feb 2020

Financial Accountability Regime (FAR)

14 February 2020 AFIA welcomes the opportunity to provide a response to Treasury on the Proposals Paper for Implementing Royal Commission Recommendations 3.9, 4.12, 6.6, 6.7, and 6.8, to exten…


Feb 2020

Review of Retail Payments Regulation: Issues Paper November 2019

7 February 2020 This submission focuses on the RBA’s Inquiry into Surcharging, which is the focus of section 3.4 of the Issues Paper. We understand from the commentary within the Issues…


Feb 2020

Establishing a Compensation Scheme of Last Resort

7 February 2020 AFIA and its members support the implementation of Recommendation 7.1, with the Government establishing a Compensation Scheme of Last Resort (CSLR), consistent with that of the…


Dec 2020

Financial Technology and Regulatory Technology Inquiry (the Inquiry)

31 December 2019 This submission offers key recommendations for this Inquiry based on the principles of ensuring: 1. Regulation is fit for purpose and not a barrier to entry or growth; 2. Acce…


Nov 2020

ASIC Consultation Paper 324 Product Intervention: The sale of add-on financial products through caryard intermediaries

17 November 2019 AFIA welcomed the opportunity to comment on the exposure draft of Consultation Paper 324 Product Intervention: The sale of add-on financial products through caryard intermedia…


Nov 2020

Consultation - Corporations Amendment (DDO) Regulations 2019

4 November 2019 In this submission, we refer to the AFIA Submission in relation to the Corporations Amendment (Design and Distribution) Regulations which we submitted on 11 October 2019. Download


Sep 2020

Digital Platforms Inquiry - Final Report

12 September 2019 This submission focuses on sections in the Consultation Paper where members had some commentary or were seeking greater clarification. AFIA’s position is that when dat…