Taxes and other levies paid to governments in Australia by the banking industry

Access to credit opens up opportunities and fulfills aspirations. Getting it right requires the right balance between consumer protections and the flow of credit.

Interviewed by AM’s Peter Ryan, ABA CEO Anna Bligh talked about the substantial drop in loan deferrals since their peak during the pandemic, falling from 900,000 to 300,000.

The number of deferred loans has fallen below 300,000 – a reduction of almost 70% since the peak earlier this year.