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.
No submissions are currently available.