3 June 2016
The ABA provided comments to AUSTRAC on the Industry Contribution for 2016-17 and suggested they be read in conjunction with the submissions provided on 23 July 2014, 24 October 2014, 17 December 2014, and 26 August 2015.
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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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