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33 results for "natural disasters"

Natural Disaster Assistance

Strengthening and streamlining the industry's response to natural disasters will increase Australia's economic resilience.

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Payment Times Reporting Act
Published on 3 March 2023

The ABA supports the policy objective that large businesses pay small businesses on time. Banks have taken a range of steps to support small business customers throughout the COVID-19 pandemic and following recent major natural disasters. As a relatively new reporting regime, the ABA considers there is room to improve the scheme to ensure greater efficiency while maintaining or improving its effectiveness.

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Shared responsibility in drought support
Published on 21 July 2021

Banks in Australia have a strong history of helping agri-business customers through difficult times. Banks provide a range of services to help farming customers experiencing not only the effects of drought but also natural disasters or other circumstances outside their control. The ABA welcomes the Government's continued support regarding the existing provisions of in-drought support measures.

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Lessons learned from the Australian bushfire season 2019-20
Published on 22 May 2020

The ABA has set up a natural disasters work program that reports to our 16 Council members in order to clarify, strengthen and streamline the banking industry’s response to natural disasters to ensure that they have the right tools for the job at the right time. By the beginning of March 2020, the major banks had provided bushfire assistance grants totalling $7.6 million to more than 4,000 customers across Australia. The banks had also raised more than $42 million in donations to help devastated communities and assisted more than 3,500 customers with financial relief packages of the types described below.

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Anna Bligh Interview with ABC Radio Brisbane, discussing future of cash and Digital ID
Published on 3 April 2024

Steve Austin  Well as you know, the Commonwealth Government has made it clear they consider access to cash a priority for the Australian economy and the country’s largest banks, as well as Coles, Woolworths, companies like Wesfarmers and Australia Post have been trying to put together a short term lifeline for Armaguard, who’s the company... Read more »

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Banks hardship teams on standby to help cyclone-impacted communities in Queensland 
Published on 31 January 2024

Banks have dedicated hardship teams on standby to help those impacted by Tropical Cyclone Kirrily and the Australian Banking Association has urged those in need of financial assistance to reach out.  “With the second major cyclone in as many months followed by torrential rain, people in Queensland have been dealt yet another serious blow. I... Read more »

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Banks stand ready to support cyclone-impacted communities in Far North Queensland 
Published on 18 December 2023

Today the Australian Banking Association has told Queenslanders impacted by major flooding as a result of cyclone Jasper that banks have teams on standby to help those in need.  “The ABA urges anyone in need of financial assistance to reach out to their bank, and to do so as early as possible. Dedicated hardship teams... Read more »

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Banks act to keep cash convenient  
Published on 6 December 2023

Today the Australian Competition and Consumer Commission (ACCC) has authorised the main users of cash including banks, retailer providers and Australia Post to undertake industry discussions ensuring cash remains readily available to all Australians.   Customers’ usage of cash has plunged from 70% in 2007 to 13% in 2022. The cash spiral is showing no signs... Read more »

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Bank support for Agribusiness grows to $104.7b
Published on 17 November 2022

“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.”

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Australian banks ready to help floods impacted communities
Published on 17 October 2022

“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."

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