Australian Securitisation Forum

On 1 April 2020, the Australian Securitisation Forum on behalf of itself and its current and future members (the Applicant) applied for authorisation to discuss, exchange information and develop a coordinated industry response to the implementation of the Structured Finance Support Fund (SFSF). The SFSF is a $15b fund created established to invest in funding markets used by small financial institutions and support loans from these lenders as part of the federal government’s economic response to COVID-19.

On 8 April 2020, the ACCC granted interim authorisation for the conduct proposed by ASF. Further details can be found in the Interim Authorisation Statement of Reasons, linked below.

While interim authorisation was in place, the ASF provided recommendations to the Australian Office of Financial Management, supporting the development of a Special Purpose Vehicle to administer funds from the SFSF to eligible lenders.

On 31 July 2020, the applicant withdrew their application for authorisation following the establishment of the forbearance Special Purpose Vehicle (fSPV) to support the implementation of the SFSF.

On 13 August 2020, the ACCC revoked the interim authorisation granted to the applicant under the application for authorisation AA1000490.