2 July 2021
The ABA supports proposals to clarify the definition of a mistaken internet payment (MIP), Further work is needed to assess the case and benefits of the proposal to extend the ePC to small business. While the ABA supports modernising the Code, we consider the proposals about biometrics and virtual cards need further work. ABA also asks ASIC to consider a more fulsome modernisation of the Code.
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The ABA welcomes the opportunity to comment on the exposure draft Treasury Laws Amendment Bill 2026: Tax information reporting (Exposure Draft) and explanatory materials (EM). The ABA su ports improving tax transparency and maintaining Australia’s alignment with international reporting standards. This submission builds on the ABA’s March 2026 letter.
The Committee should recommend a policy and regulatory framework that manages risk and maximises opportunity, giving businesses the confidence to invest, innovate and deploy AI at scale for the benefit of customers, while preserving Australia’s capacity to use AI to protect and advance the national interest.
The Australian Banking Association (the ABA) welcomes the opportunity to comment on the Consultation Paper that will inform the direction and development of the Second Action Plan under Australia’s National Plan to End Violence against Women and Children 2022-2032 (the National Plan).