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. Access to credit continues for consumers and small businesses, and is supported through the growth and expansion of the financial services industry and the fintech sector; and
3. Customer choice is enhanced through facilitation of competition and innovation in the lending market in Australia.
(02) 9231 5877
Australian Finance Industry Association Limited [AFIA]
ABN 13 000 493 907 L11 130 Pitt Street Sydney NSW 2000