Australian Securitisation Forum

Summary

On 1 April 2020, the Australian Securitisation Forum (the ASF) applied for authorisation on behalf of itself and its current and future members to discuss, exchange information and develop a coordinated industry response to the implementation of the Structured Finance Support Fund.

Further information on the application for authorisation is available in the application, linked below.

On 8 April 2020, the ACCC granted interim authorisation.

Further detail on the ACCC’s decision is in the Interim Authorisation Statement of Reasons, linked below.

If you have been directly impacted by the conduct under the interim authorisation granted by the ACCC on 8 April 2020, the ACCC is interested in understanding what your experience to date has been. We are interested in hearing from you at any time during the ACCC’s assessment process in relation to this question.

The ACCC also invites submissions on:

•           the likely public benefits and detriments of the conduct the subject of the authorisation

•           the appropriate time period for the conduct to be authorised for, and

•           whether any conditions should be placed on the authorisation of the conduct.

If you wish to make a submission before the ACCC issues a draft determination (as distinct from making a submission on the conduct authorised under the interim authorisation), we will accept submissions at any time up to Friday 22 May 2020. Submissions should be made to adjudication@accc.gov.au.

We recognise that the COVID-19 situation may be causing disruptions to normal operations. For this reason we are taking a flexible approach to receiving feedback on the conduct. You may wish to contact us by phone to discuss your views or submission before this deadline.

An indicative timetable is set out below for your information:

1 April 2020

Lodgement of application, including request for interim authorisation

8 April 2020

Interim authorisation decision

22 April 2020

Public consultation process begins

22 May 2020

Closing date for submissions on the substantive application for authorisation from interested parties

June 2020

Applicant responds to issues raised in the public consultation process

July 2020

Draft determination

July 2020

Public consultation on draft determination

September 2020

Final determination

Applicant(s)

  • Australian Securitisation Forum

Authorisation number(s)

  • AA1000490-1

Applications

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Decisions

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Submissions - before draft decision

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