29 July 2016
The ABA provided comments to the Productivity Commission’s Issues Paper on Data Availability and Use. The Issues Paper outlined that a significant public benefit could arise if data collected and stored by government, public bodies and private sector institutions were made more accessible to individuals, third parties and to the general public. The ABA agrees.
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The ABA asks APRA to consider the ARS 115 consistency with the accounting standard and consistency with current data consultation outcomes.
The ABA strongly supports the Government’s initiative to help small businesses grow by coinvesting with banks to establish this Australian Business Growth Fund. The Fund is designed to provide equity finance to qualifying businesses across a range of industries and locations.
The ABA supports APRA’s review of the capital framework but asks for further consideration of investment in regulated subsidiaries.
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