15 March 2018: The Australian Banking Association welcomes today’s ACCC interim report into residential mortgages, which clearly shows very high levels of discounting in the Australian home loan market. It’s clear that competition is delivering better deals for customers, shopping around works and Australians should continue to do so to get the best discounts on the advertised rate.
7 March 2018: The upcoming Comprehensive Credit Reporting (CCR) reforms must be fair for all and ensure Australians who have experienced past financial difficulties are not discriminated against.
A lot of people think banks just keep their profits. But nearly 80 per cent of Australian bank profits go to shareholders, including millions of everyday Australians who have bank shares through their super funds.