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34 results for "natural disasters"

Royal Commission Code changes given the green light
Published on 17 December 2019

The Australian Securities and Investments Commission (ASIC) has given the final approval for a new version of the Banking Code of Practice 2019 that implements recommendations of the Royal Commission. The approval comes after the Australian Competition and Consumer Commission (ACCC) gave authorisation in November this year for the Royal Commission changes to the Code... Read more »

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Banks stand ready to help customers impacted by bushfires
Published on 11 November 2019

Australians facing financial difficulties as a result of fires raging across New South Wales and Queensland are being encouraged to contact their bank for assistance when they are able to do so. CEO of the Australian Banking Association Anna Bligh said that banks have hardship teams ready to assist customers affected by the fires.  ... Read more »

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Statement regarding ACCC and the Banking Code of Practice
Published on 27 September 2019

The new Banking Code of Practice, came into operation on 1 July 2019.   On the 22nd May, the ABA applied for authorisation from the ACCC to further amend the Code by adopting the recommendations from the Royal Commission. These recommendations relate to default fees on farm properties during natural disasters, prevention of informal overdrafts... Read more »

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Banks stand ready to help those affected by NSW and QLD bushfires
Published on 20 September 2019

Australians affected by the bushfires in NSW and QLD are encouraged to contact their bank to access a wide range of assistance available. CEO of the Australian Banking Association (ABA) Anna Bligh said that banks stand ready to assist customers affected by bushfires, offering a range of services including deferred loan repayments, waiving fees and... Read more »

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The Banking Code

The Banking Code is a set of enforceable standards that customers, small businesses, and their guarantors can expect from Australian banks.

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Banking Code shakeup after Royal Commission Final Report
Published on 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.

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Banks stand ready to help cattle farmers affected by floods
Published on 8 February 2019

Queensland cattle farmers affected by flooding are being urged to contact their banks, who have special teams ready to help and provide a wide range of assistance.

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Assistance for communities affected by floods and bushfires
Published on 5 February 2019

Customers affected by the recent floods in Queensland or bushfires in Tasmania are able to access assistance from their bank, which can include deferred loans payments, waiving fees and charges and assisting with debt consolidation.

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Lending to agricultural businesses is at a record high of $91.5 billion, a growth of $6.9 billion in the year to Aug 21.

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Taskforce will coordinate help for drought affected communities
Published on 10 October 2018

Today’s announcement of the new Drought Finance Taskforce, bringing together banks, government departments, elected representatives and peak bodies is an important vehicle to share information and identify ways banks can better assist Australia’s farmers and their local communities doing it tough.

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