On 14 November 2018, the Government announced that a $2 billion Australian Business Securitisation Fund will be established to invest in warehouse facilities and securitisations backed by small and medium enterprise (SME) loans, providing additional funding to smaller banks and non-bank lenders to on-lend to SMEs on more competitive terms. It will be administered by the Australian Office of Financial Management.
The Government has released for public consultation an exposure draft of the Australian Business Securitisation Fund Bill 2018 and explanatory materials, and investment mandate for the Australian Business Securitisation Fund.
The schedule for crediting the ABSF special account outlined in the draft Bill is indicative only.
Related information
Responding
You can submit responses to this consultation up until 16 January 2019.
Interested parties are invited to comment on this consultation.
While submissions may be lodged electronically or by post, electronic lodgement is preferred. For accessibility reasons, please submit responses sent via email in a Word or RTF format. An additional PDF version may also be submitted.
All information (including name and address details) contained in submissions will be made available to the public on the Treasury website unless you indicate that you would like all or part of your submission to remain in confidence. Automatically generated confidentiality statements in emails do not suffice for this purpose. Respondents who would like part of their submission to remain in confidence should provide this information marked as such in a separate attachment.
Legal requirements, such as those imposed by the Freedom of Information Act 1982, may affect the confidentiality of your submission.
Key Documents
How to respond
Address written submissions to:
Lauren Hogan
Financial System Division
The Treasury
Langton Crescent
Parkes ACT 2600
Enquiries
ABSF@treasury.gov.au Lauren Hogan + 61 2 6263 2673
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