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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.

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.
Hardship customers protected in new credit regime
29 June 2018: Australia’s four major banks have reached an agreement to protect vulnerable customers from being unfairly treated in the new mandatory Comprehensive Credit Regime.
South Australian unit an example of what needs to be done
20 June 2018: The South Australian Government’s introduction into parliament today of a bill to establish an Adult Safeguarding Unit delivers on a key change campaigned for by Australia’s banks and senior’s groups to establish a body to make good faith reports of suspected elder financial abuse that can then be investigated.
Call to action to help tackle Elder Financial Abuse
18 June 2018: Australians can now get on board the drive for change to tackle Elder Financial Abuse in a new campaign launched today by the Australian Banking Association, National Seniors, the Council on the Ageing, the Older Persons Advocacy Network and the Finance Sector Union.
Step in the right direction, but more to be done
8 June 2018: Today’s agreement by the nation’s top lawmakers to identify options to standardise Power of Attorney orders across the country is a significant step in tackling the issue of elder financial abuse however there remains more work to be done.
Time for action on Elder Financial Abuse
7 June 2018: The banking industry, along with COTA Australia and National Seniors, are calling on all the nation’s Attorneys General to agree their COAG meeting tomorrow to key changes which will empower bank staff to help detect and prevent elder financial abuse.
Australians warned to beware of phone scams
​​​​​​​25 May 2018: Australians are urged to be on guard against unscrupulous, unsolicited callers, claiming to represent the Australian Banking Association and asking for bank details to issue a ‘refund’, survey customer satisfaction or record banking history.
A sensible path forward for Open Banking
10 May 2018: The announcement by the Federal Government of a phased approach for introducing Open Banking is a sensible path forward for this important reform, enabling banks to design a secure system which benefits Australian consumers.
Power of attorney order changes will protect against elder financial abuse
9 May 2018: The announcement in this year’s budget of a move to standardise power of attorney orders and create a national online register will help empower bank staff as they play their part in tackling the growing problem of financial abuse against the elderly across the country.

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

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

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