Financial Difficulty Information Session

E&OE Radio Interview FiveAA Breakfast with David Penberthy and Will Goodings  17 March 2026.  Topics: Tax paid by Australian banks; RBA Powers to regulate big tech   David Penberthy (Host): Well, it’s a big amount of money, $16 billion that’s how much tax Australia’s biggest banks paid last year. And at the same time, organisations like Apple, Google and Meta, you think about the ease with which and the frequency with which we… Read more »

This opinion piece by ABA CEO Simon Birmingham originally appeared in the Australian Financial Review. In an attempt to avoid domestic regulatory scrutiny, large foreign multinationals have developed a curious rhetorical strategy.   The larger their footprint in Australia’s financial system becomes, the more strenuously they insist they are marginal, incidental or merely technical intermediaries.  For years, Apple has… Read more »

The ABA acknowledges APRA’s proposed capital and liquidity changes. Australian banks share APRA’s commitment to maintaining a strong and resilient banking system. ABA CEO Simon Birmingham said banks will work with APRA to ensure any enacted changes lead to real benefits for the economy and Australians. “Banks will carefully review the liquidity proposals and will… Read more »