News & Resources

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

The ABA plays an active role in the public dialogue on banking and financial services, providing commentary on broader industry issues and facilitating access to other sources of information.

The phone number for media enquiries from journalists is: 0475 741 007.

Filter Content

Clear all
Media Release
ASIC responsible lending guidance important for stability
9 December 2019

Today’s release of ASIC’s updated RG 209 Credit Licensing: Responsible lending obligations is an important milestone in clarifying responsible lending obligations for banks. CEO of the Australian Banking Association Anna Bligh said that the updated RG 209 would provide clarity to banks on ASIC’s views on what responsible lending obligations require before offering credit to… Read more »

Read more
December 2019 Newsletter
5 December 2019

The ACCC has authorised changes to the Banking Code of Practice, in line with recommendations of the Royal Commission, and initiatives of the ABA.

View online
Publication
Consultation Paper: Use of credit cards for gambling transactions
5 December 2019

The ABA is seeking community views on the use of credit cards for gambling. The consultation will assess community views about financial institutions allowing credit cards to be used for gambling and the role of banks in addressing these problems.

Download PDF
Media Release
ABA calls for public views on credit card use in gambling
5 December 2019

Today the Australian Banking Association has released a consultation paper on the use of credit cards for gambling. Banks have introduced a range of initiatives to help customers better manage their financial arrangements and mitigate harms related to problem gambling – technology solutions such as tools to help customers track their spending, customer directed blocks,… Read more »

Read more
Media Release
New Chair and Deputy Chair appointed to ABA Council
3 December 2019

Today the Australian Banking Association Council has appointed Matt Comyn, CEO of CBA, as Chair and Marnie Baker, Managing Director of Bendigo and Adelaide Bank, as Deputy Chair at its Annual General Meeting. The Council thanked the outgoing Chair, Shayne Elliott, and Deputy Chair, David Carter for their leadership of the industry during their tenure…. Read more »

Read more
Media Release
Mandatory national Power of Attorney register a win for older Australians
29 November 2019

Today’s decision by the Council of Attorneys General in Adelaide to set baseline minimum standards for Powers of Attorney and create a mandatory national online register is a big leap forward to combating elder financial abuse. The coalition to fight elder financial abuse, backed by Bauer Media, includes the Australian Banking Association, the Seniors Rights… Read more »

Read more
Media Release
Action needed by all governments on elder financial abuse
28 November 2019

Australia’s banks along with older persons advocacy groups are calling on state and federal governments to agree to establish a national online register of Powers of Attorney at tomorrow’s Council of Attorneys General meeting in Adelaide. The renewed call comes as banks release a new guide designed to help older people avoid abuse, scams and… Read more »

Read more
Publication
Safe & Savvy – A guide to help older people avoid abuse, scams and fraud
28 November 2019

We know that people over the age of 50 are at risk of financial abuse, scams and fraud. This is often called elder financial abuse. Elder financial abuse can take many forms and happen to anyone. It is a mistake to think it couldn’t happen to you or those you love. Even though it’s hard… Read more »

Download PDF
Media Release
Royal Commission code changes given ACCC authorisation
21 November 2019

Today’s authorisation by the Australian Competition and Consumer Commission (ACCC) of changes to the Banking Code of Practice, as recommended by Commissioner Hayne in his final report, is an important step in further strengthening protections for customers. Changes recommended, and now authorised by the ACCC, include:   Banning charging default interest on distressed agricultural loans  Providing inclusive and accessible banking services to… Read more »

Read more
Media Release
Greater protections for customers under new debt collection guidelines
19 November 2019

New guidelines to be applied by Australia’s banks to debt collection agencies have been released today, providing a major step up in safeguards to ensure vulnerable customers are protected. The new guidelines outline the process banks must follow before they sell any debt and also what happens once that debt is sold. This includes: Proactively… Read more »

Read more
Media Release
Banks stand ready to help customers impacted by bushfires
11 November 2019

Australians facing financial difficulties as a result of fires raging across New South Wales and Queensland are being encouraged to contact their bank for assistance when they are able to do so. CEO of the Australian Banking Association Anna Bligh said that banks have hardship teams ready to assist customers affected by the fires.  … Read more »

Read more
October 2019 Newsletter
28 October 2019

On 17 October the ABA and a coalition of eight advocacy organisations held the Parliamentary Launch of the #StopElderFinancialAbuse campaign. The ongoing campaign has been run together with our partners Bauer Media, publisher of well known magazines such as the Australian Women’s Weekly.

View online
Media Release
One step closer to protecting older Australians
17 October 2019

The Stop Elder Financial Abuse campaign today held a Federal Parliament launch to brief Members and Senators on the actions needed to tackle the growing problem. Speaking at the launch Attorney General Christian Porter announced his plan for the next Council of Attorneys General meeting to set baseline standards of a national model of Power… Read more »

Read more
Transcript
Transcript – Media Conference 14 Oct 2019
14 October 2019

TRANSCRIPT E&OE  14 October 2019 Media Conference Parliament House Canberra  ANNA BLIGH:  Australia’s banks stand ready to assist the ACCC with this inquiry. Our banks are no strangers to public scrutiny and they look forward to providing information that will shed more light on the many complex factors that go into the determination of interest rates on Australian mortgages.    QUESTION:   Why have you passed on so little of the 75 percentage… Read more »

Read more
Media Release
Statement from CEO Anna Bligh regarding ACCC inquiry
14 October 2019

Australia’s banks stand ready to assist the ACCC in this inquiry. Banks are no stranger to public scrutiny and look forward to the opportunity to cast more light on mortgage pricing and the many important factors that influence the setting of interest rates. The first priority of Australia’s banks is the implementation of the Royal… Read more »

Read more
Media Release
Millions of Australians switching financial products
10 October 2019

Competition between banks remains strong, with millions of Australians switching banks for home loans, credit cards and transaction accounts last year, according to a newly-released report by Deloitte Access Economics commissioned by the Australian Banking Association.  While a strong majority of customers are satisfied with their financial products, the Deloitte report showed 2.8 million customers switched to new banks or financial providers for… Read more »

Read more
Media Release
Banks ready to play their part in strengthening financial counselling
3 October 2019

Banks welcome today’s release of the Sylvan Review, which charts a path forward to strengthen Australia’s financial counselling sector. The Review highlights the importance of financial counsellors in helping Australians who are struggling to repay their debts, manage their household budgets and provide for their families in a difficult environment.    Banks actively participated in the… Read more »

Read more
Media Release
Toowoomba customers protected by new rule book for banks
2 October 2019

The Australian Banking Association has today partnered with Toowoomba Chamber of Commerce to brief the local business community and stakeholders on the new rule book for banks, the new Banking Code of Practice, and the ‘financing your small business’ website. In force since July 1 this year, the new ASIC approved Banking Code of Practice… Read more »

Read more
Media Release
Statement regarding ACCC and the Banking Code of Practice
27 September 2019

The new Banking Code of Practice, came into operation on 1 July 2019.   On the 22nd May, the ABA applied for authorisation from the ACCC to further amend the Code by adopting the recommendations from the Royal Commission. These recommendations relate to default fees on farm properties during natural disasters, prevention of informal overdrafts… Read more »

Read more