17 February 2023
The ABA supports the introduction of mandatory climate-related financial disclosures aligned with the International Sustainability Standards Board. This will provide banks and business with the certainty they need to manage their climate risks and to grasp the opportunities from the new green industrial revolution. The submission highlights the need for collaboration on data gaps, safe harbour provisions or alternative legal measures, and appropriate phasing.
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The ABA continues to support the intent of the CSLR as a last-resort scheme that compensates genuine victims where they have suffered actual financial loss as a result of financial misconduct that they have otherwise been unable to recover.
The Australian Banking Association (ABA) welcomes the opportunity to make a submission to the Treasury consultation Registry Stabilisation and Uplift – draft legislation (the consultation).
The Australian Banking Association welcomes the opportunity to comment on the Consultation Paper – 2026 Reforms to the AML/CTF Act.