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Media releases

The Australian Banking Association is the information source for the news media on the Australian banking industry, providing information, analysis and context on industry issues.

Banks stand ready to help cattle farmers affected by floods
8 February 2019: Queensland cattle farmers affected by flooding are being urged to contact their banks, who have special teams ready to help and provide a wide range of assistance.
Assistance for communities affected by floods and bushfires
5 February 2019: Customers affected by the recent floods in Queensland or bushfires in Tasmania are able to access assistance from their bank, which can include deferred loans payments, waiving fees and charges and assisting with debt consolidation.
Statement from ABA CEO Anna Bligh on the release of the Final Report of the Royal Commission
4 February 2019: The Australian banking industry acknowledges the rigour and diligence that Commissioner Hayne and his team have brought to this task.
Protecting privacy at the forefront of Consumer Data Right reform
24 January 2019: In its submission to the first Privacy Impact Assessment of the Consumer Data Right released today Australia’s banks back strong privacy settings to protect customers and have identified the pilot, due to commence this year, as an important test.
APRA decision will increase choice for home loan customers
19 December 2018: Today’s announcement of the removal of the 30% benchmark for new interest-only residential mortgages will allow all banks to offer more choice for customers, leading to an increase in competition across the industry, particularly for smaller and regional banks.
Chair and Deputy Chair reappointed for another term
5 December 2018: Today the Australian Banking Association Council held its Annual General Meeting, re-electing Shayne Elliott as Chair and David Carter as Deputy Chair for another 12 months. 
Banking products to be designed with accessibility in mind
30 November 2018: Australia’s banks have today committed to new principles to ensure accessible banking for the four million Australians living with disability. These principles have been developed in consultation with disability advocates and the banking industry.
Banks welcome ‘one stop shop’ for resolving disputes
31 October 2018: The newly created Australian Financial Complaints Authority, to begin operation on November 1, is an important step to streamlining dispute resolution, making it easier to access and easier to understand for customers.
Ending fees for no service, grandfathered payments
10 October 2018: Australia’s banks will change the Banking Code of Practice to overhaul the way they manage a customer’s estate when they have died and end ‘fees for no service’ across the industry. Further to this they will seek new legislation to end grandfathered payments and trail commissions for financial advisers.
Taskforce will coordinate help for drought affected communities
10 October 2018: Today’s announcement of the new Drought Finance Taskforce, bringing together banks, government departments, elected representatives and peak bodies is an important vehicle to share information and identify ways banks can better assist Australia’s farmers and their local communities doing it tough.

What’s new

A sensible path forward for Open Banking
10 May 2018
Open Banking will allow customers, at their request, to share their personal information with other financial institutions to allow them to find a better deal on expenses such as electricity bills, telecommunications and other items.
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ABA blog

Listening to Regional Australia
Anna Bligh, ABA CEO, Australian Banking Association
Read more 22 Jan 2019

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