Submissions 2012

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The Australian Bankers’ Association’s (ABA) submission to the Department of Foreign Affairs and Trade re Autonomous Sanctions Amendment Regulation 2012
17 Jul 2012
There are a number of changes outlined in the Regulation that will have a significant effect on the way financial institutions do business, and the ABA provided detailed comments in the submission. However the ABA is particularly concerned about the proposal to introduce the term ‘citizen’ into the Regulation,the introduction of which will have far reaching consequences for Iranian nationals and the financial services industry
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Australian Bankers’ Association’s (ABA) submission to Treasury re Changes to ADI prudential standards from 1 January 2013 – Submission as to necessary income tax change
16 Jul 2012
The ABA would like to see a change to the Income Tax Assessment Act 1997 (ITAA) in order to mitigate adverse commercial consequences for Australian ADIs and non-operating holding companies (NOHCs) and other regulated financial institutions, from 1 January 2013, as a result of changes to prudential capital standards.
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The Australian Bankers’ Association’s (ABA) submission to the Legal and Constitutional Affairs Committee re Privacy Amendment (Enhancing Privacy Protection) Bill 2012
16 Jul 2012
The Privacy Amendment (Enhancing Privacy Protection) Bill 2012 (Bill) that includes the single national Australian Privacy Principles (APPs) with the addition of a more comprehensive credit reporting regime are welcome and timely developments towards a more seamless and nationally focused Australian privacy regime. The ABA has provided comments on the proposed privacy reforms in the Bill, in particular on the APPS.
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Inquiry into the prevention and treatment of problem gambling
12 Jun 2012
The Australian Bankers’ Association (ABA) provided comments to the Joint Select Committee on Gambling reform with regard to the Inquiry into the prevention and treatment of problem gambling.
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Strengthening economic relations between Australia and New Zealand
4 Jun 2012
The Australian Bankers’ Association (ABA) welcomes the opportunity to provide feedback on the Australian and New Zealand Productivity Commissions’ joint paper, ‘Strengthening economic relations between Australia and New Zealand’ (joint paper).
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Australian Bankers’ Association Submission to the Australian Prudential Regulatory Authority on Basel III Capital Reforms: response paper and draft prudential standards
31 May 2012
The Australian Bankers’ Association (ABA) appreciates the opportunity to comment on APRA’s response paper and draft prudential standards. The ABA and its member banks also appreciate APRA’s ongoing willingness to engage with industry on these matters. Continued open engagement between APRA and industry is important to ensure an optimal outcome is reached, especially as the new Basel III standards are proposed to be implemented on an accelerated basis in Australia.
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ABA submission to Senate Standing Committees on Economics re the Inquiry into the post-GFC banking sector
31 May 2012
The Australian Bankers’ Association (ABA) welcomes the opportunity to provide comments to the Committee.
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ABA submission to The Treasury on the implementation of a framework for Australia’s G20 over-the-counter (OTC) derivatives commitments
22 Feb 2012
The Australian Bankers’ Association (ABA) made a submission to Treasury’s review of the proposed OTC legislative framework.
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ABA submission to The Treasury on Retail Corporate Bond Market
15 Feb 2012
The Australian Bankers’ Association (ABA) provided comments to the Treasury’s Discussion Paper Development of the retail corporate bond market: streamlining disclosure and liability requirements. The ABA supports the Government’s efforts to build a retail corporate bond market in Australia. While Australia has well functioning derivatives markets which would support an expanding corporate bond market, there are a number of market and regulatory barriers which mean that the retail corporate bond market is under developed in Australia. Therefore, the ABA supports amendments to the prospectus rules for bond issuances to retail investors, subject to certain conditions being met.
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ABA submission to ASIC on strengthening regulation of research report providers
15 Feb 2012
The Australian Bankers’ Association (ABA) provided comments to ASIC Consultation Paper 171: Strengthening the regulation of research report providers (including research houses).The ABA believes it is important to ensure regulation is proportionate and differentiates between retail and wholesale markets. The ABA supports regulation of research organisations which improves governance practices, robustness of research processes and research reports, quality of research and integrity of analysts, and education of investors of the role of research in the marketplace.

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