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Submissions 2012

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The Australian Bankers’ Association (ABA) submission to Attorney-General’s Department re Discussion Paper Australian Privacy Breach Notification
30 Nov 2012
The ABA provided comments on the Discussion Paper Australian Privacy Breach Notification
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ABA submission to ASIC on Future of Financial Advice: Conflicted remuneration
12 Nov 2012
The Australian Bankers’ Association (ABA) provided comments on the Consultation Paper 189: Financial Advice Reforms: Conflicted remuneration (CP189).
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ABA submission to Reserve Bank of Australia re Consultation Paper – New Financial Stability Standards
25 Oct 2012
The Australian Bankers’ Association (ABA) provided comments to the Reserve Bank of Australia on the proposed new Financial Stability Standards (FSSs) for central counterparties (CCPs) and securities settlement facilities (SSFs).
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ABA submission to ASIC re CP186: Clearing and Settlement Facilities: International Principles and Cross
25 Oct 2012
The Australian Bankers’ Association (ABA) provided comments to the Australian Securities and Investments Commission (ASIC) on the proposed amendments to Regulatory Guide 211:Clearing and Settlement Facilities:Australian and overseas operators (RG211).
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ABA submission to ASIC on FOFA reforms - Scaled advice
8 Oct 2012
The Australian Bankers Association (ABA) provided comments on Consultation Paper 183: Giving information, general advice and scaled advice. The ABA supports the Federal Government’s efforts to implement law reforms intended to improve the quality of financial advice, the regulation of financial planners and the professionalism of the financial planning industry. A well explained scaled advice framework can improve the quality of advice and improve trust and confidence in the advice industry.
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ABA submission to ASIC on FOFA reforms - Best interests duty
8 Oct 2012
The Australian Bankers Association (ABA) provided comments on Consultation Paper 182:Future of Financial Advice: Best interests duty and related obligations – Update to RG 175. The ABA supports the Federal Government’s efforts to implement law reforms intended to improve the quality of financial advice, the regulation of financial planners and the professionalism of the financial planning industry.
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ABA submission Parliamentary Joint Committee on Corporations and Financial Services on Inquiry into the Corporations Legislation Amendment (Derivative Transactions) Bill 2012
5 Oct 2012
The Australian Bankers’ Association (ABA) provided comments to the Parliamentary Joint Committee on Corporations and Financial Services Amendment (Derivative Transactions) Bill 2012. The ABA supports the Government’s introduction of the enabling legislation to respond to Australia’s G20 commitment concerning over-the-counter OTC Derivatives.
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Australian Bankers’ Association’s (ABA) submission to Business Tax Working Group Secretariat, The Treasury re Business Tax Working Group Discussion Paper
21 Sep 2012
The ABA agrees with the Working Group that Australia should have an ambition to reduce its corporate tax rate over the medium term. A lower rate would improve productivity, drive GDP growth and should lead to increased tax collections for the Government. And as banks are linked to Australia’s economic performance – GDP improvements could also benefit banks because businesses and individuals should increase their demand for banks’ products and services.
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The Australian Bankers’ Association’s (ABA) submission to NSW Fair Trading re Review of the NSW Home Building Act 1989
27 Aug 2012
The ABA’s submission focuses on Key Issue 1: Home Building Contracts, specifically Issue 2: Progress Payments.
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ABA submission to ASIC on CP178: Advertising credit products and credit ervices: Additional good practice guidance
15 Aug 2012
The Australian Bankers' Association (ABA) provided comments to ASIC on Consultation Paper 178: Advertising credit products and advice services: Good practice guidance including the proposed Regulatory Guide. This submission sets out our general comments on the nature of the guidance. It then makes specific comments on the content of the consultation paper and proposals for additional good practice guidance and examples for advertising credit products and credit services.

What’s new

A sensible path forward for Open Banking
10 May 2018
Open Banking will allow customers, at their request, to share their personal information with other financial institutions to allow them to find a better deal on expenses such as electricity bills, telecommunications and other items.
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ABA blog

Customers at centre of mortgage industry overhaul
Christine Cupitt, Executive Director - Policy, Australian Banking Association
Read more 1 Feb 2018

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