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Treasury Laws Amendment (2023 Measures No. 1) Bill 2023 – Franked distributions funded by capital raisings

2 May 2023

The ABA submission to the Senate Economic Committee, the submission addresses the importance of certainty regarding capital raises and distributions to banks.

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Compensation Scheme of Last Resort: Reform options to support ongoing sustainability & Curbing lead generation activity
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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.

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Registry stabilisation and uplift design – exposure draft legislation
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The Australian Banking Association (ABA) welcomes the opportunity to make a submission to the Treasury consultation Registry Stabilisation and Uplift – draft legislation (the consultation).

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The Australian Banking Association welcomes the opportunity to comment on the Consultation Paper – 2026 Reforms to the AML/CTF Act.

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