- Future access for Australian financial services providers
to the world's largest financial market is guaranteed.
In addition, the Agreement guarantees that any future US
liberalisation in this sector cannot be reversed.
- Australia and the US have agreed to jointly consider ways
to more closely integrate our two financial sectors.
- Australia's financial sector will reap the benefits
associated with financing the increased trade in goods and
services flowing from the Agreement.
The relatively few restrictions that apply to Australian
access to the US financial services sector are now locked in
and can not be expanded.
The Agreement establishes a joint Financial Services
Committee (FSC) between Australia and the US to consider any
issue referred to it by either party.
It has been agreed that the FSC will examine regulatory
issues affecting access for Australian foreign securities
trading screens and collective investment schemes to the US and
report back to the AUSFTA Joint Committee.
Gains for Australia
Australia's financial sector, one of the most open and
efficient in the world, is well placed to participate fully in
supporting the increased trade in goods and services which flow
from the closer integration of the US and Australian
A dialogue aimed at strengthening cooperation on regulatory
issues offers the prospect of Australian Stock Exchange trading
screens being accessible in the US.