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The Australian Bankers Association responds to unsubstantiated allegation
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Sydney, 21 December 2004: The Australian Bankers’ Association (ABA) today expressed its disappointment at the media release issued by the Consumer LawCentre Victoria’s (CLCV) which alleges banks are collecting millions of dollars in unlawful fees.
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Smarter Banking - Make Credit Work For You
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Sydney, 9 December, 2004: The Australian Bankers’ Association (ABA) today launched a new free financial literacy guide – ‘Smarter Banking – Make Credit Work For You’ which contains essential information about credit.
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Police and Financial Institutions Warn of Card Skimming
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Sydney, 24 November, 2004: NSW Police, financial institutions and Crime Stoppers have joined forces to launch a national advertising campaign to warn consumers about the risk of card skimming in the lead-up to Christmas.
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Housing Lending Standards
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Sydney, 17 November, 2004: The Australian Bankers’ Association (ABA) supports the Reserve Bank Governor’s comments that banks and other lenders such as credit unions, building societies and mortgage lenders, should not lower credit standards.
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Bank Branches up 2% - Three-Year Trend in APRA Survey
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Sydney, 12 November, 2004: Banks have increased branch levels every year for the past three years, according to survey data released by the Australian Prudential Regulation Authority (APRA).
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Bank Profits – Dividends Contribute to Australians Retirement Savings
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Sydney, 10 November, 2004: The Australian Bankers’ Association (ABA) says the profits created by Australian banks are critical to the returns of Australia’s superannuation funds. Banks make up one quarter of Australia’s stock market capitalisation and are the most important investment stocks.
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Financial Services Organisations are Among Most Trustworthy Organisations – New Survey
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Sydney, 27 October, 2004: The findings of the research into the privacy attitudes of Australians have found that financial services organisations are among the most trustworthy organisations in the community regarding the protection and use of personal information.
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15% Fall in Banking Disputes
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Sydney, 25 October, 2004: The number of disputes lodged with the Banking and Financial Services Ombudsman has fallen by 15.5% which means banks’ efforts in improving customer dispute resolution systems are paying off.
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New Deputy Chairman for Australian Bankers Association
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Sydney, 22 October, 2004: The Chairman of the Australian Bankers’ Association (ABA), John McFarlane, is pleased to announce the appointment of Les Matheson, Citigroup Country Officer Australia and Managing Director Citibank Australia, to the ABA Council and his election as Deputy Chairman.
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Australian Bankers Association Small Business Forum Identifies Four Key Projects
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Sydney, 7 October, 2004: The Australian Bankers’ Association’s (ABA) Small Business Forum has identified four key project areas on which it will now commence work, which will culminate in advice and guidance provided to the banking industry.
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ABA Welcomes Saturday Trading for Banks in Western Australia
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Sydney, 1 October, 2004: The Australian Bankers’ Association (ABA) welcomes the law change in Western Australia to allow banks to open on Saturdays.
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Reserve Banks Designation of the EFTPOS Payment System
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Sydney, 9 September, 2004: The Australian Bankers’ Association (ABA) urges the Reserve Bank of Australia (RBA) to ensure business certainty by finalising its designation process for EFTPOS as soon as possible.
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Banking Industry Welcomes Preliminary Recommendations From Consumer And Financial Literacy Taskforce
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Sydney, 2 September, 2004: The Australian Bankers’ Association (ABA) welcomes the preliminary recommendations made to the Federal Government by the Consumer and Financial Literacy Taskforce. The banking industry supports the Taskforce’s key recommendation of the establishment of a national financial literacy body.
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Australian Bankers Association Strengthens Transaction Services and Branch Closure Protocol
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Sydney, 13 August, 2004: The Australian Bankers’ Association (ABA) has strengthened the Transaction Services and Branch Closure Protocol. In 2001, this Protocol was adopted by ABA member banks to provide to broader rural Australia, ongoing face-to-face banking services for personal and small business customers after branch closure.
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Australian Bankers Association Welcomes Customer Choice In Banking
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Sydney, 10 August, 2004: The Australian Bankers’ Association (ABA) agrees with the Australian Consumers' Association (ACA) that it is easy to switch bank accounts
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New Fact Sheets Demonstrate Australias Banking Industry Is Affordable, Accessible And Safe
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Sydney, 3 August, 2004: The Australian Bankers’ Association (ABA) has released five new fact sheets to assist in public policy discussions on the banking industry.
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Australian Bankers Association Says There Is No Discrimination On Lending For Casual Workers
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Sydney, 2 August, 2004: The Australian Bankers’ Association (ABA) says banks do not discriminate between loan applicants on the basis of employment status. Banks lend to permanent and casual employees, as do other loan providers such as mortgage originators.
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Banking Industry Initiatives on Debt
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Sydney, 28 July, 2004: The Australian Bankers’ Association (ABA) is outlining some industry initiatives and facts on debt so that public policy discussions on these issues are based on sound information.
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Facts on Small Business Banking
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Sydney, 28 July, 2004: The Australian Bankers’ Association (ABA) says it is important to note that Reserve Bank of Australia (RBA) data shows that small businesses are saving $1.5 billion[1] a year from lower interest rate margins.
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Banking Industry Already Working with State Governments on Access to Cash and Credit in Gaming Venues
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Sydney, 27 July, 2004: The Australian Bankers’ Association (ABA) said the banking industry has already been working with State Governments on the initiatives proposed today by the Australian Labor Party (ALP) which relate to access to cash and credit in gambling venues.
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Competition in Banking has Reduced Business Costs - Merchants Paying Less in Merchant Service Fees on Credit Cards
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Sydney, 15 July, 2004: The Reserve Bank Bulletin article on credit card reform published today is strong evidence that competition in banking is benefiting Australian businesses.
Banks have passed through $430 million dollars (annual rate) in the form of lower merchant services fees (MSFs) as a result of a 35 basis points reduction in the credit card interchange fee.
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Elders Rural Bank Joins the Australian Bankers Association
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Sydney, 14 July, 2004: The Australian Bankers’ Association (ABA) has welcomed Elders Rural Bank to its membership.
Elders Rural Bank is a joint venture between Bendigo Bank Limited and Futuris Corporation Limited, the parent company of Elders Limited.
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Australian Bankers Association Forms New Taskforce to Create Banking Industry Standards for Online Authentication
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Sydney, 12 July, 2004: The Australian Bankers’ Association (ABA) has formed a new industry taskforce to set standards for enhanced authentication of online transactions.
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Farmers, Environmentalists and Bankers Unite
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Sydney, 23 June, 2004: The Australian Bankers’ Association (ABA), Australian Conservation Foundation (ACF) and National Farmers’ Federation (NFF) joined today to offer Australia’s political leaders a set of six principles that should be addressed before committing to a National Water Initiative at the Council of Australian Governments meeting this Friday.
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Further Response to ALP Policy
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Sydney, 21 June 2004: The Australian Bankers’ Association (ABA) said that individual banks have done much in recent years to address the policy issues identified by the Australian Labor Party (ALP) in its election banking policy.
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Your Money, Your Choice - Landmark Agreement Between Government and Democrats Will Let Individuals Decide Who Has The Right To Manage Their Money
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Sydney, June 21, 2004: The Australian Bankers’ Association (ABA) says the landmark agreement between the Government and the Democrats announced today on superannuation choice means that all Australians will now be granted the right to decide who manages their superannuation money.
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ABA Responds to ALP Banking Policy
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Sydney, 20 June, 2004: Commenting on the release of the Australian Labor Party’s Banking Policy released today, the Australian Bankers’ Association (ABA) said that the proposed policy statement fails to recognise fully, the considerable progress that has been made by the banking industry over the past few years, and that a number of the policies may disadvantage bank customers, and the community, if implemented.
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Taskforce Discussion Paper on Financial Literacy
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Sydney, 11 June, 2004: The Australian Bankers’ Association (ABA) supports the establishment of a coordinating body that better connects financial literacy education providers with consumers of that information.
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Reserve Bank Consultation on ATM and EFTPOS Payments Systems
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Sydney, June 11, 2004: The Australian Bankers’ Association (ABA) said the Reserve Bank’s decision to consult over the possible ‘designation’ of ATMs and EFTPOS is another opportunity for stakeholders to put forward their views on how payments systems reform is to be progressed.
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Australian Bankers Association Warns Customers Of Cybercrime
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Sydney, 31 May, 2004: The Australian Bankers’ Association (ABA) warns online banking customers about cybercrime threats associated with their personal computers and personal email.
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Applicant Banks Disappointed by the Australian Competition Tribunals Decision to Support Retailers Appeal on Eftpos Interchange
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Sydney, 25 May, 2004: Applicant banks are disappointed by the decision of the Australian Competition Tribunal to support the appeal by Coles Myer and other retailers to set aside the determination of the Australian Competition & Consumer Commission (ACCC) to reduce EFTPOS interchange to zero.
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Fight Against Cybercrime Continues - Bank Staff Seconded to Work Closely With a New Team at the Australian High Tech Crime Centre
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Sydney, 20 May, 2004: Bank staff will be seconded to the Australian High Tech Crime Centre (AHTCC) as part of a new team to continue the fight against cybercrime.
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Reserve Bank Report: Lower Interest Margins Continue to Deliver Large Savings to Households and Businesses
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Sydney, 20 May, 2004: The Australian Bankers’ Association (ABA) has noted that the Reserve Bank of Australia (RBA) report shows that Australians are paying less for banking than they were in 1997.
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Code of Banking Practice Finetuned for Guarantors
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Sydney, 14 May, 2004: The Australian Bankers’ Association (ABA) today announced some modifications to the revised Code of Banking Practice to finetune some disclosures and practices so they better suit the needs of prospective guarantors and to reduce unnecessary time and paperwork.
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Budget 2004-5
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Sydney, 11 May, 2004: The Australian Bankers’ Association (ABA) welcomes the key initiatives contained in the Budget 2004-5 to boost retirement incomes, funding for protection of Australia’s critical infrastructure and continuing drought assistance.
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Citigroup Australasia CEO Ahmed Fahour Elected as Australian Bankers Associations New Deputy Chairman
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Sydney, 29 April, 2004: The Chairman of the Australian Bankers’ Association (ABA), John McFarlane, is pleased to announce the appointment of Citigroup Australasia Chief Executive Officer, Ahmed Fahour, to the ABA Council and his election as Deputy Chairman.
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Banking Industry Welcomes Sugar Assistance Package
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Sydney, 29 April, 2004: The Australian Bankers’ Association (ABA) has welcomed the $444 million sugar assistance package which has been announced today by the Coalition Government.
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Australian Bankers Association Joins Super Coalition which Calls for Super Action
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Sydney, 28 April, 2004: Thirteen prominent organisations representing a broad cross section of Australia have joined together today in a ‘Call for Super Action’ to increase superannuation savings, concerned that Australia is under-prepared with the current policies to provide adequate retirement incomes for the growing numbers of aged Australians.
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Fraud Taskforce Continues the Fight Against Fraud with Business Education Program
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Sydney, 15 April, 2004: The Australian Bankers’ Association Fraud Taskforce today unveiled a major education program for businesses to tackle credit card fraud and skimming.
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New International Banking Federation to Represent Global Financial Services Industry
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Sydney, 6 April, 2004: The banking associations of Europe, the United States, Australia and Canada have joined forces to establish the International Banking Federation. The new body will be the key international forum to address legislative, regulatory and other issues where there is a common interest and where it affects the banking industry globally.
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Australian Bankers Association says Consumers must have Confidence in Fee Disclosure Model
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Sydney, 5 April, 2004: The Australian Bankers’ Association (ABA) said today that the Investment and Financial Services Association’s (IFSA) fee disclosure model provides meaningful disclosure in such a way that consumers can compare superannuation providers.
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Australian Bankers Association Warns Against Criminal Email Scams
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Sydney, 5 April, 2004: The Australian Bankers’ Association (ABA) is warning bank customers of recent hoax email scams which are being perpetrated by criminals.
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Banks Credit Policies
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Sydney, 2 April, 2004: The Australian Bankers’ Association (ABA) said that, where banks have changed housing lending criteria, that would be a normal response to changes in the investment housing market environment
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Good News for Bank Customers as States and Territories Abolish Bad Tax
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Sydney, 29 March, 2004: The Australian Bankers’ Association (ABA) welcomed the move by all States and Territories Treasurers to abolish Bank Account Debits (BAD) Tax by 1 July, 2005.
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Reserve Bank Review Confirms Banks are Strong & Default on Debt Low
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Sydney, 25 March, 2004: The Australian Bankers’ Association (ABA) said the Reserve Bank of Australia’s (RBA) Financial Stability Review confirms that Australian banks are financially strong and that defaults on loans are historically low
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Banking Industry Initiatives Target Debt
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Sydney, 5 March, 2004: The Australian Bankers’ Association (ABA) has today announced a range of initiatives to assist bank customers in managing their household finances.
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ABA Urges Governments to Adopt Water Titles Register to Ensure Access to Finance
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Sydney, 4 March, 2004: The Australian Bankers’ Association (ABA) is hoping State Governments in Australia will adopt a consistent and secure system of water titles which has been recommended in a new report.
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ABA Welcomes Proposed Changes to Australias Retirement Income System
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Sydney, 25 February, 2004: The Australian Bankers’ Association (ABA) has welcomed proposed changes announced today by the Federal Government to assist Australians to achieve a higher income in retirement.
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Australian Bankers Association Welcomes Federal Governments Consumer and Financial Literacy Taskforce
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Sydney, 23 February, 2004: The Australian Bankers’ Association (ABA) has welcomed today’s announcement by the Federal Government that it will create a Taskforce to develop Australia’s first consumer and financial literacy strategy.
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Banking Industry Still Negotiating with Victorian Government on ATM Plan
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Sydney, 20 February, 2004: The Australian Bankers’ Association (ABA) said security is a top priority for all banks and the industry has been working with the Victorian Government on the ATM plan to achieve the best possible outcome for bank customers.
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Advice to Online Banking Customers
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Sydney, 18 February, 2004: The Australian Bankers’ Association (ABA) is reminding all Internet banking customers that no bona fide organisation, including a bank, will ask you to reveal your banking passwords or logon identification and that this important information should not be shared with anyone.
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Banking Industry Comments on Release of Report on Regional Banking Services
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Sydney, 15 January, 2004: The Australian Bankers’ Association (ABA) is giving careful consideration to the report by the Parliamentary Joint Committee on Corporations and Financial Services on rural and regional banking services.
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Vigilance the Key to Minimise Online Fraud
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Sydney 9 January 2004: The Australian Banker’s Association (ABA) today assured consumers that there were simple steps internet bank customers can take to help protect themselves against online fraud
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