Australian Business Securitisation Fund
In November 2018 the Treasurer announced the Government’s intention to create the Australian Business Securitisation Fund (ABSF), a $2 billion fund to support the provision of finance to small to medium enterprises (SMEs) on more competitive terms.
The Treasurer also announced that the ABSF would be administered by the AOFM, with investments to be made in securitisations of loans made by SME lenders, including via warehouse facilities.
The ABSF’s enabling legislation provides for the first tranche of $250 million to be transferred to the ABSF’s special account on 1 July 2019. A second tranche of $250 million will be transferred on 1 July 2020. Additional transfers, each of $500 million, will occur on 1 July of 2021, 2022 and 2023.
Legislation and supporting instruments
On 10 April 2019 the Treasurer issued legislative instruments which commenced on 16 April 2019. These are the Australian Business Securitisation Fund Rules, and the Australian Business Securitisation Fund Investment Mandate Directions 2019.
ABSF operational notices
|Australian Business Securitisation Fund||11 April 2019|
Speeches and presentations relating to the ABSF
|Speech to KangaNews Mutuals Wholesale Financing Seminar||13 February 2019|
Last updated: 18 April 2019