6 July 2018
The ABA appreciates the opportunity to comment on the proposed AFCA rules and expresses our view that its operation should be efficient and effective and that decision processes should be transparent and clear as this is in the best interest of customers.
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The ABA and its members remain supportive of the realisation of a functioning interoperable e-conveyancing market. A functioning interoperable e-conveyancing market should benefit subscribers and other stakeholders, including everyday Australians. The ABA and its members encourage IPART to consider the implications of its recommendations on all e-conveyancing market participants, paying particular attention to the potential cost consequences of subscribers, some of which have little negotiating power.
The ABA acknowledges the challenges experienced to date in implementing uniform farm debt mediation (FDM) legislation nationally however, despite these challenges, the ABA position remains that farmers across Australia should have access to the same safeguards and support regardless of their postcode.
The Australian Banking Association (ABA) welcomes the development of a unified strategy around the use of public and private data to drive economic, health and social outcomes. We are optimistic that all Australians will benefit from a coordinated government approach. ABA members encourage government to streamline their collection of data from banks, and encourage government to work with industry when developing future policies around data security and privacy and governance related to Artificial Intelligence.