recently commenced an Inquiry into the prudential regulation of investment in Australia’s export industries. The inquiry is investigating the potential impact of changes in practices by banks, insurers and superannuation funds, as well as the advice and guidance provided by financial regulators, on the investment opportunities for Australian exporters.
Committee Chair, George Christensen MP, said that the Committee was particularly interested in hearing from businesses that have experienced difficulty in sourcing funding or insurance for their export businesses.
‘It is vital that the Committee hear how changes in practices or guidance from financial institutions and regulators may impact on Australia’s exporting businesses, in sectors such as resources, agriculture and services. Businesses should be reassured that they can make a submission confidentially, and we can also arrange for hearings to be held in private.’
Submissions from interested individuals, businesses and organisations are invited by Friday, 30 April 2021. Requests can be made for a submission to be kept confidential, or to be published with a name withheld if required.