Is the AFCA a government body?
The Government has undertaken a Review of the Australian Financial Complaints Authority (AFCA). AFCA is the external dispute resolution body established to resolve complaints by consumers and small businesses about financial firms.
What complaints can AFCA deal with?
The complaint needs to be about a financial firm that is an AFCA member.
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Find out more about the types of complaints we can consider:
- Credit, loans and finance.
- Insurance.
- Banking payments and transactions.
- Investments and financial advice.
- Superannuation.
Are AFCA decisions enforceable?
For most complaints, AFCA's decisions are binding on the financial firm, but you do not have to accept it. If you do not accept the decision, you keep your legal rights to take your complaint to court.
Is AFCA a free service?
Our service is free to access. If you need more support, there are other support services such as community legal centres and financial counsellors you can talk to. There's some key information to know before you make a complaint to AFCA.