Personal Loan Finance Online :: News
SHARE

Share this news item!

AFIA Unveils Landmark Finance Industry Code of Practice

Setting New Benchmarks for Integrity and Transparency in Finance

AFIA Unveils Landmark Finance Industry Code of Practice?w=400

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

The Australian Finance Industry Association (AFIA) has introduced the Finance Industry Code of Practice, marking a significant milestone for Australia's non-bank lending and specialist banking sectors.
This inaugural code establishes new standards for integrity, transparency, and fairness within the industry.

Developed in collaboration with industry stakeholders, the code aims to enhance consumer trust by promoting responsible lending practices and ensuring clear communication between financial institutions and their clients. Key provisions include commitments to ethical conduct, transparent fee structures, and the protection of consumer rights.

AFIA's CEO emphasized that the code reflects the industry's dedication to upholding the highest standards and fostering a culture of accountability. By adhering to these guidelines, financial institutions can better serve their clients and contribute to the overall stability of the financial system.

For consumers, the implementation of this code means greater confidence in their financial dealings, knowing that institutions are committed to fair and transparent practices. It also provides a framework for addressing grievances and ensuring that consumer interests are prioritized.

In conclusion, the launch of AFIA's Finance Industry Code of Practice represents a proactive step towards strengthening the integrity of Australia's financial sector and enhancing consumer protection.

Published:Monday, 17th Nov 2025
Source: Paige Estritori

Please Note: If this information affects you, seek advice from a licensed professional.

Share this news item:

Finance News

ASIC's Review Uncovers Key Issues in Motor Vehicle Financing
ASIC's Review Uncovers Key Issues in Motor Vehicle Financing
21 Nov 2025: Paige Estritori
The Australian Securities and Investment Commission (ASIC) has released preliminary insights into its ongoing review of the motor vehicle finance sector, shedding light on practices that may be detrimental to consumers. The review aims to identify mechanisms to reduce consumer harm and improve outcomes for all car finance customers, including those in regional and remote areas and First Nations communities. - read more
New Government Initiative Offers Affordable Loans for Electric Vehicle Purchases
New Government Initiative Offers Affordable Loans for Electric Vehicle Purchases
21 Nov 2025: Paige Estritori
In a significant move to promote the adoption of electric vehicles (EVs) among small and medium-sized enterprises (SMEs), the Australian government has announced a $50 million partnership with Metro Finance. This initiative aims to provide low-interest loans to businesses for the purchase of electric cars, trucks, utes, and forklifts, thereby reducing energy bills and emissions. - read more
Club Marine Recognised for Outstanding Service with 2025 Product Review Award
Club Marine Recognised for Outstanding Service with 2025 Product Review Award
19 Nov 2025: Paige Estritori
Club Marine, Australia's leading provider of recreational boat insurance, has been honoured with the 2025 Product Review Award for Insurance. This accolade is a testament to the company's unwavering commitment to customer satisfaction and service excellence. - read more
Markel Insurance Expands into Australian Marine Market with New Leadership
Markel Insurance Expands into Australian Marine Market with New Leadership
19 Nov 2025: Paige Estritori
Markel Insurance, a prominent global insurer, has announced the appointment of Tim Wills as Head of Marine - Australia. This strategic move signifies Markel's entry into the Australian marine insurance market, beginning with marine cargo coverage. - read more


Personal Loans Articles

Unlock Better Loan Options: Quick Fixes for Your Credit Score
Unlock Better Loan Options: Quick Fixes for Your Credit Score
Your credit score plays a crucial role in your financial journey, especially when it comes to obtaining loans in Australia. It's essentially a numerical representation of your creditworthiness and helps lenders assess the risk of lending you money. - read more
Are Unsecured Loans the Safer Choice? Weighing Your Options
Are Unsecured Loans the Safer Choice? Weighing Your Options
Unsecured loans are a type of lending product that allow borrowers to obtain funds without the need to offer collateral. This means that the loan is not tied to any physical asset, such as a house or car, which can be seized by the lender if the borrower defaults. - read more
Loan Eligibility and Approval: What You Need to Know
Loan Eligibility and Approval: What You Need to Know
Navigating the world of personal loans in Australia can be daunting, but understanding the basics of loan eligibility and approval is essential. Personal loans can be a valuable financial tool, helping you manage unforeseen expenses or consolidate debt. However, securing a loan is often dependent on a variety of factors, and being prepared can make all the difference. - read more
Refinancing Your Loan: Is It the Right Move for You?
Refinancing Your Loan: Is It the Right Move for You?
Loan refinancing is the process of replacing an existing loan with a new loan, usually with better terms. This financial strategy can be applied to a range of loans including mortgages, car loans, and personal loans. By refinancing, borrowers aim to achieve a more favourable interest rate, adjust the loan term, or consolidate debts. - read more


Free Assessment

Loan Amount:
Postcode:

All quotes are provided free and without obligation by a specialist from our national broker referral panel. See our privacy statement for more details.


Knowledgebase
Dividend:
A distribution of a portion of a company's earnings to its shareholders, usually in the form of cash or additional stock.