Australian Banking Association Application for ACCC Authorisation re Financial Relief Programs April 2020
Submission to: ACCC
Related Projects
A Stronger, More Diverse and Independent Community Sector
Submission to: Department of Social Services
Joint financial counselling sector submission responding to five focus areas: giving the community sector the respect it deserves, providing grants that reflect the real cost of service delivery, providing longer grant agreements, ensuring grants flow to a wider diversity of organisations and partnering with trusted community organisations with strong local links. Our sector very much welcomes this discussion paper and the potential for re-setting the relationship between government and the community sector.
Joint financial counselling sector submission responding to five focus areas: giving the community sector the respect it deserves, providing grants that reflect the real cost of service delivery, providing longer grant agreements, ensuring grants flow to a wider diversity of organisations and partnering with trusted community organisations with strong local links. Our sector very much welcomes this discussion paper and the potential for re-setting the relationship between government and the community sector.
Rationalisation of Ending ASIC Instrument Measures
Submission to: Treasury
Joint submission from the financial counselling sector in response to proposals to move the current licensing exemptions applying to financial counselling agencies from ASIC legislative instruments into the primary law and regulations. The current licensing exemptions exempt financial counselling agencies from having to hold an Australian Financial Services Licence or an Australian Credit Licence, as long as the agency meets certain requirements. We support the policy intent of the proposed rationalisation, but recommend that the wording in the current ASIC instruments is replicated exactly in the new regulations, rather than introducing new terms. The submission also supports the proposal that rural financial counselling agencies are provided with an AFSL exemption.
Joint submission from the financial counselling sector in response to proposals to move the current licensing exemptions applying to financial counselling agencies from ASIC legislative instruments into the primary law and regulations. The current licensing exemptions exempt financial counselling agencies from having to hold an Australian Financial Services Licence or an Australian Credit Licence, as long as the agency meets certain requirements. We support the policy intent of the proposed rationalisation, but recommend that the wording in the current ASIC instruments is replicated exactly in the new regulations, rather than introducing new terms. The submission also supports the proposal that rural financial counselling agencies are provided with an AFSL exemption.