The Australian Banking Association’s role
With the active participation of 23 member banks in Australia, the Australian Banking Association Inc provides analysis, advice and advocacy for the banking industry and contributes to the development of public policy on banking and other financial services.
The ABA works with government, regulators and other stakeholders to improve public awareness and understanding of the industry’s contribution to the economy and to ensure Australia’s banking customers continue to benefit from a stable, competitive and accessible banking industry.
The ABA ensures the banking industry’s views are put forward when governments determine policy or legislation. Many areas of Commonwealth and State law and in some cases international law, impact upon the interests of Australian banks. The Australian Competition and Consumer Commission (ACCC), the Australian Securities and Investments Commission (ASIC), the Australian Prudential Regulation Authority (APRA) and the Reserve Bank of Australia (RBA) all regulate banks. Many areas of law, for example taxation or financial sector reform, affect the trading environment for Australian banks and the ABA consults its members to form industry positions on these and many other issues.
The ABA is led by Anna Bligh, Chief Executive Officer, who is supported by a team of senior public policy staff. Anna started in the role in April 2017 and is focused on strengthening trust and confidence in banking and delivering better outcomes for customers.
The ABA is governed by a Council which comprises Chief Executive Officers of member banks. Read more.
The ABA Constitution is available here.