fbpx
Skip to main content
New Financial Assistance Hub

News

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.

For media inquiries contact [email protected] or 0475 741 007.


July Update
26 July 2019
View online
Media Releases
Consumer Data Right Legislation a vital step for new reforms
22 July 2019

The announcement today by the Government of the introduction of legislation for the Consumer Data Right is an important step to making the Open Banking reforms a reality for Australian bank customers.   Open Banking will allow customers, at their request, to share their personal information with accredited institutions, including other banks, to allow them… Read more »

Read more
Guidelines, Principles & Protocols
2019 Banking Code of Practice
1 July 2019

The 2019 Banking Code of Practice commenced on 1 July 2019.

Download PDF
Media Releases
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 »

Read more
Media Releases
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 »

Read more
Media Releases
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 »

Read more
Publication
Customer Advocates Post-Implementation Review
10 May 2019

Deloitte have released their report outlining observations and recommendations from the Post-Implementation Review of the ABA’s Customer Advocate Initiative.

Download PDF
Speech
Speech to the Financial Times Live Conference
9 April 2019

Enhancing Corporate Integrity in Banking: The Royal Commission has had a profound and enduring effect on the structure, culture and operation of banking in this country, forever searing in their minds the high cost of misconduct to reputation, brand and shareholder value.

Download PDF
Media Releases
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 »

Read more
Speech
Speech to the 2019 AFR Banking and Wealth Summit
27 March 2019

‘Unquestionably good’ means going above and beyond the expectations of customers with products, services and, importantly, behavior.

Download PDF
Media Releases
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 »

Read more
Media Releases
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.

Read more
Media Releases
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.

Read more
Media Releases
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.

Read more
Speech
Re-earning trust: the long road ahead
22 February 2019

A speech by ABA CEO Anna Bligh to the NSW Far Writers’ Lunch

Download PDF

Filter Content

Clear all