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Ahead of the release of the new Code of Banking Practice, the banking industry has today announced changes to the way consumer credit insurance (CCI) is sold.
The Australian Bankers’ Association Chief Executive Anna Bligh today called on Western Australian Premier Mark McGowan not to introduce a tax on banks in September’s state budget.
The Australian Bankers’ Association has today welcomed the Federal Government’s announcement of an independent inquiry into implementing an open banking regime in Australia.
South Australians in key marginal seats remain opposed to the idea of the Government’s bank tax, with support for the tax weakening, a new Galaxy poll shows.
Representatives from the mortgage industry have agreed the framework to develop an industry response to ASIC’s report on mortgage broker remuneration.
The Australian Bankers’ Association has welcomed the latest progress report from former auditor-general Mr Ian McPhee AO PSM which found the industry’s reform program is starting to gain traction and deliver tangible benefits to customers.
The Australian Bankers’ Association welcomes the decision by the South Australian Liberal Party to oppose the proposed State Bank Tax in the South Australian Parliament.
A new Galaxy poll of key South Australian marginal seats shows South Australians believe the proposed bank tax will hurt the state and want the tax blocked in the Parliament.
South Australian Premier Jay Weatherill’s claims that banks don’t pay their fair share of tax, including the goods and services tax, is wrong, the Australian Bankers’ Association said today.
The Australian Bankers’ Association said today the industry’s Code of Banking Practice was on track to be finalised by the end of 2017, with redrafting well underway to make it more accessible to customers and small businesses.
The Weatherill Government is wrong to claim that banks are under taxed, new data shows.
The almost universal chorus of concern at the South Australian Government’s proposal for a major bank tax reinforces its fundamental flaws, the Australian Bankers’ Association said today.
A new proposed tax on five Australian banks by the South Australian Government is an outrageous cash grab without policy substance, the Australian Bankers’ Association Chief Executive Anna Bligh said today.
The Australian Bankers’ Association has today welcomed the Senate Economics Legislation Committee report on the major bank levy.
The number of customer transactions, loans and accounts are increasing but growth in fees paid by households and businesses remains low, the Australian Bankers’ Association said today.
Representatives from the mortgage industry have begun a process to ensure that incentives and governance arrangements are aligned with good outcomes for customers, in response to ASIC’s report on mortgage broker remuneration.
Bank customers can expect greater protection with new hiring measures agreed by Australia’s banks to crackdown on individuals with a history of misconduct moving from one job to the next undetected.
Today’s weak economic growth figure highlights the need to maintain a strong banking industry, the Australian Bankers’ Association said today.
The legislation for the major bank levy introduced today shows the Federal Government’s original design had major flaws and significant questions remain on how this rushed legislation will affect the economy, the Australian Bankers’ Association said today.
The Federal Government must open up the major bank levy for public scrutiny, the Australian Bankers’ Association said today.