2002

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2002

New Code of Banking Practice

Sydney, 12 August, 2002: The Australian Bankers' Association today launched the new generation Code of Banking Practice which is the banking industry's customer charter on best banking practice standards.

ACCCs Rejection Of Basic Bank Account Disadvantages Bank Customers

Sydney, 16 December, 2002: The Australian Bankers’ Association (ABA) is disappointed that the Australian Competition and Consumer Commission (ACCC) is proposing to deny a guaranteed industry minimum standard for basic bank accounts.

Federal Government and Banks Meet On Drought

Sydney, 16 December, 2002: The Deputy Prime Minister, Minister for Agriculture, Fisheries and Forestry, and representatives from the banks including the Australian Bankers’ Association met today to discuss the situation with the continuing drought now occurring across much of Australia.

Australian Bankers Association Says Australias Core Breeding Stock Must Be Maintained Despite Devastating Drought

Sydney, 15 December, 2002: The Australian Bankers’ Association says it is imperative that Australia’s core breeding stock is maintained despite this devastating drought otherwise there could be long term consequences for the Australian agricultural sector and the economy.

Australian Bankers Association welcomes report from Inquiry into Superannuation and Standards of Living in Retirement

Sydney, 12 December, 2002: David Bell, Chief Executive of the Australian Bankers’ Association (ABA), said: “The ABA is pleased to see that the Senate Select Committee recognised that the current arrangements for superannuation may not provide adequate income in retirement for most people.”

Australian Bankers Association forms high level Taskforce to combat fraud

Sydney, 10 December, 2002: The Australian Bankers’ Association is very concerned about the impact of fraud on bank customers and the community and has set up a new high level Taskforce to tackle this complex criminal behaviour.

Robbery and Serious Crime Squad, Australian Bankers Association Join forces with Crime Stoppers fight armed robbery on banks.

Sydney, 24 November, 2002: The newly formed NSW Robbery and Serious Crime Squad and the Australian Bankers’ Association (ABA) have joined forces with Crime Stoppers to fight violence and armed robbery on banks.

Your Money, Your Choice

Sydney, 21 November, 2002: The Australian Bankers’ Association (ABA) calls on the Australian Parliament to seriously consider the fact that there is no organisation, business, government or third party that has a stronger incentive to maximise one’s retirement income than the individual concerned.

Australian Bankers Association will Conduct Assessment Study

Sydney, 15 November, 2002: The Australian Bankers’ Association (ABA) is advocating a new approach for the banking industry and the Federal Government to jointly assist in providing additional banking services to remote country towns.

Banks Customer Satisfaction Levels

Sydney, 11 November, 2002: The Australian Bankers’ Association said the latest survey on bank satisfaction has good news for Australia’s banks because satisfaction levels appear to have risen, which is not the picture painted by the Australian Consumers’ Association (ACA), the publishers of ‘Choice’ magazine.

Facts about Bank Profits

Sydney, 7 November, 2002: The Australian Bankers’ Association (ABA) says that now the bank reporting period is coming to an end, it is important that all bank customers, shareholders and staff understand important facts about bank profits.

Australian Bankers Association welcomes Federal Governments replacement terrorism insurance scheme

Sydney, 25 October, 2002: The Australian Bankers’ Association (ABA) has welcomed the Federal Government’s replacement terrorism insurance scheme as it will increase public confidence and provide commercial certainty for Australia.

Small Business banking – Australian Bankers Association attends Sydney meeting

Sydney, 25 October, 2002: The Australian Bankers’ Association has attended a meeting on small business banking in Sydney to listen to the experiences of small business operators.

Australian Banking Industry Ombudsmans Annual Report

Sydney, 18 October, 2002: The Australian Bankers’ Association (ABA) said despite the increase in Australian Banking Industry Ombudsman (ABIO) cases, there was an improved resolution rate for bank customers.

Australian Bankers Association encourages customers to contact their bank if adversely affected by drought

Sydney, 3 October, 2002: The Australian Bankers’ Association urges any bank customers who may be adversely affected by the drought in Victoria to contact their bank.

Citibank Australia re-joins the Australian Bankers Association

Sydney, 9 September, 2002: The Australian Bankers’ Association (ABA) has welcomed the return of Citibank Australia, a member of the world’s largest financial services firm, Citigroup to its membership.

Reserve Bank of Australias Credit Card Regulations

Sydney, 27 August, 2002: The Australian Bankers’ Association (ABA) supports constructive reform of the retail payments system to achieve greater efficiency to benefit consumers and industry participants.

Review of International Taxation Arrangements

Sydney, 23 August, 2002: The Australian Bankers’ Association welcomes the Review of International Taxation Arrangements as an important step in further expanding the contribution that the corporate sector generally, and the financial services sector in particular, make to the Australian economy.

Interest Rate Margins

Sydney, 13 August, 2002: The Australian Bankers’ Association says personal and small business borrowers continue to receive the gains in savings on loan repayments from the fall in interest rate margins from their levels in the mid-1990s.

ABA calls for more transparency, accountability and certainty in competition law and its administration by the Australian Competition and Consumer Commission

Sydney, 22 July 2002: The Australian Bankers’ Association wants more transparency, accountability and certainty in the Trade Practices Act and in its administration by the Australian Competition and Consumer Commission.

Banks Urge Customers to make Contact if Adversely Affected by Drought

Sydney, 22 July, 2002: The Australian Bankers’ Association urges any bank customers who may be adversely affected by the drought to contact their bank. David Bell, Chief Executive of the Australian Bankers’ Association (ABA), said the ABA has today informed the major political parties in New South Wales how Australian banks have a long history of working with farmers through seasonal cycles, by putting in place arrangements for special financial needs in times of drought.

ABA says national reform goals are needed for superannuation system

Canberra, 1 July, 2002: The Australian Bankers’ Association says Australia needs some long term reform goals aimed at the superannuation system because we are not saving enough for our retirement.

NSW Small Business Minister Sandra Nori misleads the public on bank fees paid by the small business sector

Sydney, 2 July, 2002: The Australian Bankers’ Association (ABA) says the New South Wales Minister for Small Business, Sandra Nori, continues to mislead the public on bank fees paid by the small business banking sector.

ABA Welcomes ASICs ‘Guide to Good Transaction Fee Disclosure Banks Committed to Principles of Transparent Fee Disclosure

Sydney, 26 June, 2002: The Australian Bankers’ Association welcomes the release of the Australian Securities and Investment Commission’s ‘Guide to Good Transaction Fee Disclosure’ as it will lead to improved fee disclosure for bank customers.

Bank Fee Analysis shows competition in the banking sector is delivering gains to bank customers

Sydney, 20 June, 2002: The Australian Bankers’ Association said the Reserve Bank of Australia (RBA) data released today shows that most bank customers have benefited from the increased competition in the banking sector and that any rise in fees has been offset by a fall in interest rate margins.

ABA says savings will not be adequate for our retirement expectations despite imminent rise in Superannuation Guarantee

Sydney, 19 June, 2002: The Australian Bankers’ Association says employers need to be ready for the additional cost associated with the 1% increase in compulsory superannuation contributions set to take effect from July 1, 2002.

Australian Bankers Association welcomes WA Tax Reform proposals – potential savings for bank customers ahead

Sydney, 14 June, 2002: The Australian Bankers’ Association welcomes the Western Australian Government’s review of state business taxes as bank customers stand to benefit from the proposed abolition of debits tax and stamp duty on cheques.

Canberra summit: Australian Bankers Association listens to small business concerns about superannuation and banking

Canberra, 29 May, 2002; The Australian Bankers’ Association has today been listening to small business raising issues related to banking and superannuation at the National Small Business Summit in Canberra.

ABA submission lodged: “Reforming Superannuation: Adequacy and Simplicity”

Sydney, 20 May, 2002: The Australian Bankers’ Association’s (ABA) submission lodged today with the Senate Select Committee Inquiry into Superannuation and Standards of Living in Retirement states that adequacy and simplicity are the key priorities for reform.

ABA Welcomes Budget Initiatives for Superannuation and Business Taxation

Sydney, 14 May, 2002: The Australian Bankers’ Association (ABA) welcomes the 2002-03 Budget for the implementation of some important initiatives aimed at improving the Australian superannuation system.

ABA will explore partnerships with Reconciliation Australia, Government and Industries to improve access to services for Indigenous Australians

Sydney, 9 May, 2002: Australian banks are working to overcome barriers which prevent access to banking and financial services for all Australians, including Indigenous Australians.

Review of the Trade Practices Act

Sydney, 9 May, 2002: The Australian Bankers’ Association (ABA) says the review of the Trade Practices Act (TPA) is an opportunity to take stock and ensure the Act and its administration is fully serving the national interest.

Water Reform has Created Uncertainty in Rural Lending.

Sydney, 6 May, 2002: The Australian Bankers’ Association (ABA) is concerned that the NSW water reform process is yet to deliver adequate tenure of water property rights and has failed to adequately consider structural adjustment issues for water users.

Credit Where Credit is due HREOC Welcomes Banking Standards

Sydney, 15 April, 2002: Disability Discrimination Commissioner Dr Sev Ozdowski today congratulated the Australian Bankers’ Association (ABA) on the release of new banking industry standards for e-commerce.

Blind Citizens Australia Media Release

Sydney, 15 April, 2002: Blind Citizens Australia Executive Officer, Maryanne Diamond, said today that the introduction of new voluntary Standards for electronic banking would lead to greater independence and dignity for older people and people with disabilities.

Launch of Industry Standards – Important Steps To Help Overcome the Digital Divide For People with Disabilities and Older Australians

Sydney, 15 April, 2002: The Australian Bankers’ Association (ABA) has worked with the community to produce voluntary Industry Standards which aim to improve the accessibility of electronic banking. The Chairman of the ABA, David Murray, said: “The Industry Standards are important steps in helping overcome the digital divide and will assist individual banks develop or enhance their electronic banking services for older Australians and people with disabilities.”

New South Wales Small Business Minister and Financial Services Consumer Policy Centre Neglect Data Showing the Benefits of Competition in Small Business Banking

Sydney, 10 April, 2002: The Australian Bankers’ Association (ABA) says today’s media releases from the New South Wales Minister for Small Business, Sandra Nori, and Financial Services Consumer Policy Centre (FSCPC) have neglected how small businesses have benefited from competition in the financial services sector.

Coles Myer undermines Reserve Banks Credit Card intervention

Sydney, 27 March, 2002: Retailer Coles Myer’s announcement yesterday that it would be enhancing its Fly Buys program and connecting a loyalty program to the Coles Myer credit card makes a mockery of the Reserve Bank of Australia’s (RBA) credit card intervention in three key ways....

ABA Maps Communitys Extensive Access To Financial Services

Sydney, 27 March, 2002: The Australian Bankers’ Association (ABA) has conducted preliminary analysis of the Australian Prudential and Regulation Authority’s (APRA) new survey – “Points of Presence Return” to map the nation’s access to banking services.

ABA Submission to Reserve Bank on Proposed Credit Card Regulation

Sydney, 15 March, 2002: The Australian Bankers’ Association’s (ABA) submission on the proposed credit card intervention, lodged today, supports the Reserve Bank of Australia’s (RBA) reform principles, but argues that the proposed cut in interchange fees is unjustified and not in the public interest.

NSW Small Business Minister Neglects Reserve Bank Data That Shows The Sector Has Benefited From Deregulation.

Sydney, 6 March, 2002: The Australian Bankers’ Association (ABA) says today’s media release from the New South Wales Minister for Small Business, Sandra Nori, has neglected to outline Reserve Bank of Australia data that shows how the small business sector has benefited from the deregulation of the financial services sector.

APRA Should Have More Power To Supervise All Superannuation Funds, Says Aba Submission

Sydney, 25 Februay, 2002: The Australian Bankers’ Association (ABA) says the regulator, the Australian Prudential Regulation Authority (APRA) should be given more power to properly supervise superannuation funds, and that reform be undertaken to close gaps in the current laws.

Australian Bankers Association Council Elects New Deputy Chair – Gail Kelly, Ceo St George Bank

Sydney, 20 Februay, 2002: Australian Bankers' Association Council elects new Deputy Chair - Gail Kelly, CEO St George Bank - Click here to read the media release.

Small Business Enjoys Major Benefits From Deregulation Of Financial Services Sector Says Kpmg Consulting Report

Sydney, 4 February, 2002: The Australian Bankers’ Association (ABA) has today released an independent report that shows small business is benefiting from the deregulation of the financial services sector.

ABA and member banks have strategies in place to encourage older Australians to adopt electronic banking

Sydney, 30 January, 2002: The Australian Bankers’ Association (ABA) has a number of initiatives underway aimed at addressing concerns about better access to banking facilities for older people and people with disabilities.

ABA advice for concerned credit card holders

Sydney, 30 January, 2002: The Australian Bankers’ Association is aware of recent media attention relating to an alleged credit card scam involving the security of credit card information at CityLink, Victoria.