AFCA Rules Consultation – Legacy Disputes

15 April 2019

This is an important first step in enabling AFCA to deal with legacy complaints about conduct by financial firms dating back to 1 January 2008 that have not been previously considered and fall outside the period allowed under AFCA’s existing jurisdiction.

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Latest articles

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Capital treatment of mortgages under the First Home Loan Deposit Scheme
11 November 2019

The ABA welcomes further clarity on the capital treatment for guarantees under the Scheme. A clear understanding of the capital treatment is critical for an ADI’s mortgage product development and consequential approval under the scheme.

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National Housing Finance and Investment Corporation Investment Mandate Amendment (First Home Loan Deposit Scheme) Direction 2019
4 November 2019

The ABA welcomes any assistance to help first homebuyers to own their own home and supports the Government’s commitment to deliver the First Home Loan Deposit Scheme. Further, the ABA welcomes APRA’s letter to industry clarifying the capital treatment of the guarantee.

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Removal of the exemption for funeral expenses policies
18 October 2019

The ABA fully supports the removal of the exemption for funeral expenses policies from the defintion of financial products.

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