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May 2020 ABA Monthly News

15 May 2020

Over the next few weeks, banks will be contacting customers who don’t have debit cards. Currently there are over half a million Australian bank customers who actively use a passbook account or transaction account with no linked debit card.

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The ABA has called upon Federal and State Australian governments to work together to combat the ongoing problem of elder financial abuse.

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In the 12 months to February 2022, ABA member banks lent an average of $4.2 billion to agribusinesses across the country every month.

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The working paper focuses on the construction and agriculture sectors and seeks to provide a point of reference for banks to operationalise modern slavery risk identification and management.

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