Skip to content

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.

Social Impact Investing Taskforce a welcome first step
3 April 2019: Today’s announcement of a Social Impact Investing Taskforce and three trial sites is a welcome step by the Federal Government and answers the banking industry’s call for a clear direction on this innovative solution to tackling entrenched disadvantage.
Raising the bar to help customers doing it tough
20 March 2019: Customers at risk of elder financial abuse, those exiting a violent relationship and someone experiencing an unexpected long-term illness are among the focus of new ‘vulnerable customer guidelines’, on which public consultation opens today.
Further measures to enforce industry codes a welcome step
18 March 2019: Today’s release of a consultation paper about further enforcement of industry codes is welcomed by Australia’s banks, who look forward to working with regulators and the Treasury to identify what more can be done to further enforce its new Banking Code of Practice.
Overhaul of bank staff pay on track to meet Royal Commission deadline
12 March 2019: The banking industry welcomes a new independent report by former Public Service Commissioner Mr Stephen Sedgwick AO, released today, which has found that banks are on track to meet their 2020 deadline to overhaul staff pay, a critical issue highlighted by the Royal Commission, while also noting there is more work to be done to ensure full implementation.
Banking Code shakeup after Royal Commission Final Report
27 February 2019: Farmers, small business owners, customers living in remote areas or with limited English and Australians with basic bank accounts will receive new protections under a revamped Banking Code of Practice in response to the Final Report of the Royal Commission.
Banks stand ready to help cattle farmers affected by floods
8 February 2019: Queensland cattle farmers affected by flooding are being urged to contact their banks, who have special teams ready to help and provide a wide range of assistance.
Assistance for communities affected by floods and bushfires
5 February 2019: Customers affected by the recent floods in Queensland or bushfires in Tasmania are able to access assistance from their bank, which can include deferred loans payments, waiving fees and charges and assisting with debt consolidation.
Statement from ABA CEO Anna Bligh on the release of the Final Report of the Royal Commission
4 February 2019: The Australian banking industry acknowledges the rigour and diligence that Commissioner Hayne and his team have brought to this task.
Protecting privacy at the forefront of Consumer Data Right reform
24 January 2019: In its submission to the first Privacy Impact Assessment of the Consumer Data Right released today Australia’s banks back strong privacy settings to protect customers and have identified the pilot, due to commence this year, as an important test.
APRA decision will increase choice for home loan customers
19 December 2018: Today’s announcement of the removal of the 30% benchmark for new interest-only residential mortgages will allow all banks to offer more choice for customers, leading to an increase in competition across the industry, particularly for smaller and regional banks.

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.
Download PDF

ABA blog

Listening to Regional Australia
Anna Bligh, ABA CEO, Australian Banking Association
Read more 22 Jan 2019

Latest tweets