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
E&OERadio InterviewABC Radio Canberra9 February 2026. Topics: Romance scams; Scam Prevention Framework Emma Bickley (Host): You’re listening to afternoons on ABC Radio Canberra. I’m Emma Bickley, and my guest today is Simon Birmingham. He’s the CEO of the Australian Banking Association, and in the lead up to Valentine’s Day, they’re warning you that romance scams… Read more »
With Valentine’s Day approaching, banks are warning people to be on high alert for romance scams as criminals increasingly deploy AI to steal more than just your heart. AI romance scam red flags: ABA CEO Simon Birmingham said further advances in AI were making it incredibly difficult for people to distinguish between a romance scam… Read more »
E&OE TV Interview Sky News Business Weekend 8 February 2026. Topics: Interest rates, the payments system, the coalition. Ross Greenwood (Host): The other industry that will come into the political spotlight, clearly, are our banking sector and our major lenders. Their actions for now, broadly mirror the Reserve Banks, but you can imagine that as a group, the banks have to be extremely cautious about… Read more »