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.

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Media Release
The new rule book for banks goes live tomorrow
30 June 2019

Australia’s banks will comply with a strong new code of practice that significantly increases and enshrines customer protections and introduces tough new penalties for breaches from tomorrow. The ASIC-approved Banking Code of Practice represents the most significant increase to customer protections under a code in the industry’s history. From 1 July, under the new Banking… Read more »

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Media Release
Bank fees drop following abolition of ATM withdrawal fees
20 June 2019

While the cost of living for Australian families continues to rise, bank fees charged to households have dropped by 6.5% over the last 12 months, the largest fall since 2010, according to the latest RBA data. While the cost of living for Australian families continues to rise, bank fees charged to households have dropped by… Read more »

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Media Release
Banking industry welcomes new economic team
27 May 2019

The Australian Banking Association welcomes the reappointment of Treasurer the Hon Josh Frydenberg MP and the new appointments of the Hon Michael Sukkar MP as Assistant Treasurer and Minister for Housing and Senator Jane Hume as Assistant Minister for Superannuation, Financial Services and Financial Technology.   The industry is committed to earning back the trust… Read more »

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Media Release
Social Impact Investing Taskforce a welcome first step
3 April 2019

Today’s announcement of a Social Impact Investing Taskforce and three trial sites is a welcome step by the Federal Government and answers the banking industry’s call for a clear direction on this innovative solution to tackling entrenched disadvantage. CEO of the Australian Banking Association Anna Bligh said banks welcome the announcement by the Treasurer, Minister… Read more »

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Media Release
Raising the bar to help customers doing it tough
20 March 2019

Customers at risk of elder financial abuse, those exiting a violent relationship and someone experiencing an unexpected long-term illness are among the focus of new ‘vulnerable customer guidelines’, on which public consultation opens today. The consultation, open to the public, will result in a new industry guideline on supporting vulnerable customers, to complement the new… Read more »

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Media Release
Further measures to enforce industry codes a welcome step
18 March 2019

Today’s release of a consultation paper about further enforcement of industry codes is welcomed by Australia’s banks, who look forward to working with regulators and the Treasury to identify what more can be done to further enforce its new Banking Code of Practice.

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Media Release
Overhaul of bank staff pay on track to meet Royal Commission deadline
12 March 2019

The banking industry welcomes a new independent report by former Public Service Commissioner Mr Stephen Sedgwick AO, released today, which has found that banks are on track to meet their 2020 deadline to overhaul staff pay, a critical issue highlighted by the Royal Commission, while also noting there is more work to be done to ensure full implementation.

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Media Release
Banking Code shakeup after Royal Commission Final Report
27 February 2019

Farmers, small business owners, customers living in remote areas or with limited English and Australians with basic bank accounts will receive new protections under a revamped Banking Code of Practice in response to the Final Report of the Royal Commission.

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Media Release
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.

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Media Release
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.

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Media Release
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.

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Media Release
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.

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Media Release
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.

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Media Release
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. 

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Media Release
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.

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Media Release
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.

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Media Release
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.

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Media Release
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.

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Media Release
Interim Report of the Royal Commission
28 September 2018

Today’s release of the interim report of the Royal Commission into Financial Services, Insurance and Superannuation, marks a day of shame for Australia’s banks.

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Media Release
ASIC review into breach reporting obligations
25 September 2018

Today’s release of the ASIC report into compliance with breach reporting obligations shows that banks need to identify, report and fix issues more quickly to regain customer trust and ensure they comply with the law.

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