25 March 2025
The Australian Banking Association (ABA) welcomes the release of the 2025-26 Federal Budget that maintains confidence in our financial system.
The ABA welcomes initiatives to:
- help boost housing supply
- support small businesses
- ensuring banking services remain available in the Pacific.
“This Budget provides extra support to Australians in the short-term whilst at the same time helping to address some of our longer-term challenges,” Ms Bligh said.
“There are modest measures to support small businesses and these build on the banking sector’s focus on ensuring they can get the credit they need to grow and prosper.
“Getting more Australians into homes is a critical issue for our nation. There are further initiatives in this Budget to help with boosting supply, which needs to be the number one priority to address the current housing crisis.
“Banks are also working to ensure banking services remain available to communities in the Pacific as an important measure to maintain safety and security in our region.
“Banks play a vital role in supporting households, businesses and the broader economy, and our industry will continue to support them with their financial security.”
Latest news
Australian banks strongly support the RBA’s proposed ban on debit and credit card surcharges, while overwhelmingly calling for an alternative pathway forward on interchange fees. The ABA has made the following calls in a submission to the RBA’s current consultation on the Review of Merchant Card Payment Costs and Surcharging: ABA CEO Simon Birmingham said… Read more »
Australia’s banks welcome the passing through the Senate of new legislation to ensure payments laws are up-to-date and reflect today’s digital economy. The new laws will bring digital wallets, cash distribution services, buy now, pay later schemes and other emerging payment methods within regulatory oversight, significantly enhancing protections for customers. ABA CEO Simon Birmingham said… Read more »
The ABA welcomes the passage through the House of critical legislation to ensure Australia’s payments regulatory framework is brought up-to-date and urges the Senate to quickly pass this overdue legislation too. The proposed legislation will bring digital wallets, cash distribution services, buy now, pay later schemes and other emerging payment methods within regulatory oversight, significantly… Read more »