Skip to main content

Social Impact Investing Taskforce a welcome first step

3 April 2019

Today’s announcement of a Social Impact Investing Taskforce and three trial sites is a welcome step by the Federal Government and answers the banking industry’s call for a clear direction on this innovative solution to tackling entrenched disadvantage.

CEO of the Australian Banking Association Anna Bligh said banks welcome the announcement by the Treasurer, Minister Fletcher and Senator Jane Hume today and would work with the taskforce during its consultation.

“Social Impact Investing represents an innovative way to tackle entrenched disadvantage, with positive signs from this approach emerging from the United Kingdom,” Ms Bligh said.

“Addressing entrenched disadvantage will not only lift individuals out of poverty but its benefits will also be felt across the economy.

“Banks look forward to playing their part in this new policy area to ensure it’s a success in achieving its goals,” she said.

ENDS
Contact: Rory Grant 0475 741 007

Latest news

1 / 3
Media Releases
ABA welcomes release of review into small and medium banks
7 August 2025

The ABA welcomes the release of the Council of Financial Regulators’ (CFR) reviewinto small and medium-sized banks. ABA CEO Anna Bligh said the review findings and recommendations would helpensure there is a more level playing field for Australia’s small and mid-tier banks. “This is an important step forward in ensuring Australia maintains a strong andcompetitive… Read more »

Read more
Transcript
Anna Bligh interview with ABC Perth on credit card access
1 August 2025

EO&E Nadia: Banks has been a big topic of discussion on the show this week because, of course, we’ve just been talking about behavioural security that the bank is bringing in. Earlier, I was telling you during the week that older women can’t get a credit card in their own name. They’re secondary card holders… Read more »

Read more
Media Releases
Joint Group of Industry Organisations statement in response to Productivity Commission report
1 August 2025

The Productivity Commission proposal to tax business cash flow is an experimental change that hasn’t been tried anywhere else in the world. This tax increase risks putting more pressure on all Australians still struggling under cost-of-living pressures. While some businesses may benefit under this proposal, it risks all Australian consumers and businesses paying more for… Read more »

Read more