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.
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see what’s happened in the Australian banking sector
The number of micro businesses grew 10% to 1.55 million in the year to June 2022. During the same period, the number of small businesses grew 3% to 955,861 after an extraordinary period of growth during the 2021 financial year, jumping 15% to 931,791.
The ABA recently visited regional Victoria to see the impact of the recent floods first-hand. The tour of Rochester and Echuca was set up to share the support available by banks and encourage customers affected to contact their bank.The ABA also gathered feedback from impacted bank customers and the local community to hear what further… Read more »
“Agriculture in Australia has a proud record of overcoming extreme adversity, most recently meeting the challenge of major flood events head on. Banks are standing by to support customers affected and the message is to reach out to your bank if you need their support.”
“We’ve seen about a 20% increase in farm and agribusiness scams over the last 12 months, most of them in the payment for things like heavy equipment. “
“The bank robbers of the 21st century do not use sawn-off shotguns – they are sitting at a computer trying to get into your account and trying to trick you into letting them in.”
The Hon Stephen Jones MP Assistant Treasurer and Minister for Financial Services announced funding for a new National Anti-Scams Centre on the first day of Scams Awareness Week, 7 November 2022. ABA CEO Anna Bligh joined the launch with other industry leaders. STEPHEN JONES: It’s an important day. This is anti-scam week, National Scams Awareness… Read more »
“One of the most important steps customers can take to prevent scams today is to use PayID”
The Australian Banking Association (ABA) is encouraging farmers and small businesses in regional areas to remain vigilant for potential scams following a significant rise in 2022.
Anna Bligh appeared on ABC radio Adelaide on Wednesday 2 November 2022.
The Australian Banking Association (ABA) and the Australian Financial Markets Association (AFMA) have commenced exploring ways to collaborate in the interest of our respective members.
“We think this is beneficial for lifting industry standards even higher.”
“I’m confident our respective sectors will play our role in navigating our way through the current challenges and the extensive transformation underway”
“The message from banks is clear: don’t tough it out on your own, call your bank as soon as you are able to, they are ready to help.”
Don’t let a natural disaster become a financial disaster. Call your bank, they can offer a range of measures right now. Don’t tough it out on your own.
Australian banks understand that there are still customers who need face-to-face services and those who need extra support in transitioning to digital services.