fbpx
Skip to main content
Get step-by-step help: Financial Assistance Hub

Industry Guideline: Sale of unsecured debt

1 March 2020

ABA member banks will not sell debt if:

  • the debt is statute-barred, or
  • the customer is in the process of disputing that they owe the debt and the bank has not
    yet finalised its consideration of the issue.

Download PDF

Latest news

1 / 3
Transcript
Transcript – Anna Bligh interview with ABC RN’s Patricia Karvelas on bank regulations in Australia and financial hardship
30 March 2023

“Australian banks are certainly better equipped now than they were in the GFC. They’ve got 2 to 2.5 times the capital reserves put aside for a rainy day than they had in the GFC”

Read more
Media Releases
Statement from Australian Banking Association (ABA) regarding the agreement reached on the safeguard mechanism reforms: 
27 March 2023

“The Australian Banking Association (ABA) welcomes the agreement reached today on the proposed safeguard mechanism reforms, given it paves the way for the passing of a critical piece of legislation for Australia.

Read more
Media Releases
Accessible and inclusive banking: Consultation set to begin for accessibility standards review
16 March 2023

“This is about engaging with the entire banking ecosystem in order to ensure the accessibility of the sector’s services are best serving our diverse community now, and into the future.”

Read more