18 February 2021
“For the first time, banks are unveiling an industry-wide Financial Assistance Hub. The site aims to inform and assist bank customers so they know exactly where they stand, and the support their banks will provide them.”
Latest news
Surging household ownership of Australian banks, record lending to first home buyers and strong competition helping mortgage holders save up to $2,000 a year are some of the findings of a new report released today. ‘The essential infrastructure: How Australian banks power the economy’ produced by Mandala on behalf of the ABA finds: ABA CEO Simon… Read more »
Australian banks welcome today’s proposal from APRA and ASIC to reduce the regulatory burden associated with the Financial Accountability Regime (FAR). ABA CEO Simon Birmingham said this was a sensible measure announced in the 2026-27 Federal Budget to reduce some of the administrative burden placed on banks related to FAR. “This is a commonsense and… Read more »
The ABA acknowledges today’s release of designations, draft industry codes, draft rules and a government discussion paper regarding the Scam Prevention Framework (SPF). Banks will scrutinise these SPF settings carefully to ensure they: ABA CEO Simon Birmingham said the most important policy objective of the SPF needed to be preventing scam losses in the first… Read more »