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Securitisation Investments

The AOFM administers two investment funds on behalf of the Australian Government that provide finance to small lenders:

  • The Australian Business Securitisation Fund (ABSF) is a $2 billion fund announced in November 2018 to support the development of funding for lenders to small and medium enterprises (SMEs). The first investment was announced in April 2020, at which time subsequent calls for investment proposals were deferred as a result of a deterioration in market conditions arising from the COVID-19 pandemic. In January 2021, the AOFM issued a call for investment proposals. The AOFM issued an update, which concluded this round on 1 April 2022. On 5 November 2021, the AOFM issued a standing invitation to submit ABSF proposals, which currently remains open.
  • The Structured Finance Support Fund (SFSF) is a $15 billion fund announced in March 2020 to support continued access to funding markets for eligible lenders impacted by the economic effects of the COVID-19 pandemic and to mitigate impacts on competition in consumer and business lending markets. The AOFM is currently actively considering SFSF investment proposals which meet eligibility requirements.
    • The AOFM has worked with the securitisation industry, represented by the Australian Securitisation Forum (ASF), to establish the Forbearance Special Purpose Vehicle (fSPV) that supports the ability of small lenders to make forbearance provision for COVID-19 related hardship cases among their borrowers. The availability period of the fSPV ended on 31 March 2021.