The ABA provided a submission to the Parliament’s Joint Standing Committee on Treaties Inquiry into the Free Trade Agreement between the Government of Australia and the Government of the People’s Republic of China.
The Australian Bankers' Association's 2015 fees report shows that the growth in total fees for banking services remains low, especially when compared to the growth in banking activity. Over the past six years fees from transaction accounts have halved while transaction volumes have increased by 50 per cent. Households are also paying the lowest amount of fees on their home loans in six years, despite the strong activity in the housing market.
The ABA discusses elements of the current tax system that have served Australia well and opportunities for reform that would lead to a more efficient, simpler, fairer and internationally competitive system.
The ABA commented on the Federal Government's consultation on recommendations of the Parliamentary Joint Committee on Corporations and Financial Services' inquiry to lift the professional, ethical and education standards in the financial services industry.