fbpx
Click here for the latest banking information on COVID-19

Submissions

Filter Content

Clear all
Treasury RIS consultation on Enhancements to Unfair Contract Term Provisions

27 May 2020

The Australian Banking Association (ABA) supports an effective regulatory regime that provides consumers and small business with a strong level of protection from unfair contract terms (UCTs) in standard form contracts. In our view, making UCTs illegal and attaching penalties will result in a more legalistic approach to contracting and an adversarial process with regulators. We believe that a supervisory focused enforcement approach by regulators can best deliver improved outcomes for small business.

Download PDF
Proposed timetable for participation of non-major ADIs in the CDR

3 March 2020

In discussions between the ACCC, ABA and non-major banks on 13 February 2020, the ABA and members unanimously expressed their concern for the 1 February 2021 launch for phase 1 products. Members reconfirmed the importance for maintaining a 12-month implementation timeline from the major banks’ launch date.

Download PDF