The Australian Banking Association (ABA) is the information source for the news media on the Australian banking industry, providing information, analysis and context on industry issues.
The ABA plays an active role in the public dialogue on banking and financial services, providing commentary on broader industry issues and facilitating access to other sources of information.
For media inquiries contact [email protected] or 0475 741 007.
“The small business sector is already powering Australia’s economic recovery. In the three months to August 2021, $10 billion in new lending was made to small business.”
Of the 2.4 million businesses in Australia, the majority (2.35 million or 98 per cent) are small businesses.
These ABA Sanctions Guidelines are intended for Australian Banking Association (ABA) member banks. They aim to set out good industry practice for ABA members and their staff in relation to sanctions requirements.
Unlike paying to a BSB and account number, PayID gives the user the ability to confirm the name of the account holder before they transfer funds.
Services such as PayID, BPay and e-invoicing will show who you’re paying before you pay, ensuring money is going to the intended account.
“it’s heartening to see the need for assistance declining as many States and Territories come out of lockdown”
“banks remain committed to providing banking services to every Australian, especially those in regional and remote areas,”
“it’s no surprise to see banks invest in areas where customers prefer to bank, such as in their online platforms and apps.”
As essential services, Australia’s banks have focussed, throughout the COVID-19 pandemic, on keeping their staff and customers safe.
Australia’s banking industry is introducing six new reforms in the space of one week.
The October 5 2021 revision of The 1 March 2020 Banking Code of Practice.
A deep dive with industry experts on ‘upstream’ issues for regulators, law enforcement and industry fighting industrial scale scammers.
As more Australians experience financial scams, the ABA has launched a new campaign to raise awareness on the increasing threat of scams, warning Australians to be on the lookout for scam phone calls, texts and emails. FULL TRANSCRIPT: ABA CEO Anna Bligh spoke with ABC Radio’s Ross Marsden. Ross Marsden The Australian Banking Association has… Read more »
“Scammers don’t target one group over another, they target all people of all backgrounds, ages and income levels across Australia.”
More than 57,000 customers have received hardship assistance during recent lockdowns across Australia.
“Many people don’t realise how prevalent financial abuse is and that it may be a red flag for future violence.”
Australia’s banks have strong relationships with law enforcement authorities and regulators like AUSTRAC.
“While existing regulations have served Australia well, we have seen unprecedented changes in how we pay each other.”
“This is an important loan scheme that’s helping Australian businesses fight their way through the pandemic,”
Since 8 July 2021, more than 14,500 home loans have been deferred, while more than 600 business loans have been deferred.