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Media releases
The Australian Banking Association is the information source for the news media on the Australian banking industry, providing information, analysis and context on industry issues.
- Help on offer for farmers affected by fruit sabotage
- 19 September 2018: Australia’s fresh fruit farmers, including strawberry farmers, affected by the ‘fruit sabotage’ issue are being urged to contact their bank to access the assistance on offer which can include deferred loan payments, waiving fees and restructuring loans.
- New Banking Code standards should be adopted by entire industry
- 7 September 2018: The new Banking Code of Practice standards, recently approved by ASIC, should be adopted across the entire industry and include banks which aren’t members of the Australian Banking Association (ABA) such as credit unions, building societies and other lenders to ensure there are no gaps in protections for customers.
- No more volume-based bonuses for mortgage brokers
- 28 August 2018: Australia’s mortgage broking industry has ended the use of volume-based bonus commissions, campaign-based commissions, and other volume-based bonus payments. This is one of the main findings of an interim report prepared by the Combined Industry Forum.
- Statement from Anna Bligh
- 7 August 2018: Restoring trust and confidence in Australia’s banks through an open and transparent industry is the joint goal of Government, regulators and the sector. Banks will work proactively and in good faith with ASIC on the measures announced today to improve monitoring of regulation and increase the transparency of the financial services industry.
- Response to Productivity Commission final report
- 3 August 2018: Australian banks welcome competition and compete not only through price, but through constant innovations to product features and experiences. Banks are constantly working to ensure customer satisfaction and the availability of quality products.
- A new higher standard in Australian banking
- 31 July 2018: Australian bank customers will be the big winners from the approval of the new Banking Code of Practice by the Australian Securities and Investments Commission.
- Help on offer for drought affected farmers
- 9 July 2018: Farmers affected by the worsening drought crisis in NSW and Queensland are being urged to contact their bank to access assistance on offer which can include deferred loan payments, waiving fees and restructuring loans. The drought assistance has been readily available during the drought, already helping many customers.
- Cash payment limit will help stamp out black economy
- 5 July 2018: Australia’s banks have today backed the Federal Government’s move to limit cash payments to $10,000 to tackle the ‘black economy’, however have highlighted the need for any reform to be implemented carefully.
- Statement from Anna Bligh, CEO
- 4 July 2018: Australians use credit cards for a wide range of reasons, from paying for that overseas holiday to helping spread out payments and reduce financial stress when several bills come in at once.
- Statement from Chairman Shayne Elliott
- 29 June 2018: Today the Australian Banking Association has elected David Carter, CEO of Suncorp as new Deputy Chair to replace the retiring Mike Hirst.
What’s new
- A sensible path forward for Open Banking
10 May 2018 - Open Banking will allow customers, at their request, to share their personal information with other financial institutions to allow them to find a better deal on expenses such as electricity bills, telecommunications and other items.
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ABA blog
- Customers at centre of mortgage industry overhaul
- Christine Cupitt, Executive Director - Policy, Australian Banking Association
Read more 1 Feb 2018
