The federal government has announced the $2 billion Australian Business Securitisation Fund which aims to improve access to funds for small business. The fund has been established to overcome some of the hurdles small businesses face in obtaining finance other than on a secured basis and the high costs that often come with accessing finance. The Australian Business Securitisation Fund will invest up to $2 billion in the securitisation market, providing significant additional funding to smaller banks and nonbank lenders to on-lend to small businesses on more competitive terms. The Australian Business Securitisation Fund, which is expected to be operating by 2019, will be administered by the Australian Office of Financial Management (AOFM).