Government and industry reviews on the Australian banking sector and the broader economy.
Reviews, issues papers and reports on the Australian payments ecosystem, the digital economic architecture, the banking industry, open banking, the banking code of practice and competition.
This is the Final Report of an independent review initially commissioned by the Australian Banking Association (ABA) in July 2016 to examine product sales commissions and product-based payments in retail banking in Australia.
The objectives of this 2020 review are to determine whether, and if so how, the definition of small business should be updated in the Banking Code of Practice.
This Issues Paper summarises current practices and seeks further information about product sales commissions and product-based payments paid in respect of retail banking products.
The Code of Banking Practice (the Code) is an industry initiative which sets standards of good banking practice.