COVID-19: banks are here to help.
14 October 2021
As essential services, Australia’s banks have focussed, throughout the COVID-19 pandemic, on keeping their staff and customers safe.
Safety measures have included:
- Maintaining social distancing in branches and workplaces
- Installing protective screens and supplying PPE to staff
- Facilitating work from home where possible
ABA member banks also recognise that vaccination is a critical measure to protect against COVID-19 and are actively encouraging and supporting their staff to get vaccinated, including with the provision of paid leave for staff to access vaccinations and, in some locations, undertaking employer vaccination and testing programs.
After further industry discussions, individual banks have considered their next steps and will be undertaking appropriate consultation with their staff on an entity by entity basis.
The Australian Banking Association (ABA) has welcomed the Treasurer’s announcement today of a major overhaul of Australia’s payments system.
“Australia has witnessed a phenomenal shift in customer banking and payment preferences in recent years,” ABA CEO Anna Bligh said.
The RBA continues to address the nation’s inflation challenge with today’s 0.25% increase in the cash rate target, to 4.10%.