Small business

Submission to Parliamentary Joint Committee on Corporations and Financial Services Access for Small and Medium Business to Finance
11 Feb 2011
The Australian Bankers’ Association (ABA) noted that small businesses have had a tough trading period throughout the global financial crisis and are still dealing with its impacts. Weaker trading conditions can undermine small business balance sheets due to reduced revenues. Unfortunately, some small businesses have experienced cash flow problems, and in some cases, this has caused banks to decline loan applications because of the businesses’ reduced ability to repay their loans.

What’s new

A sensible path forward for Open Banking
10 May 2018
Open Banking will allow customers, at their request, to share their personal information with other financial institutions to allow them to find a better deal on expenses such as electricity bills, telecommunications and other items.
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ABA blog

Customers at centre of mortgage industry overhaul
Christine Cupitt, Executive Director - Policy, Australian Banking Association
Read more 1 Feb 2018

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