Media releases

The Australian Bankers’ Association is the information source for the news media on the Australian banking industry, providing information, analysis and context on industry issues.

AFCA common sense reform which will deliver for customers
14 February 2018: The passage through the parliament of the Australian Financial Complaints Authority Bill (AFCA) delivers a big win for Australian bank customers by creating a ‘one stop shop’ for resolving issues in the financial services industry.
New Payments Platform to transform Australian banking
13 February 2018: The launch of the New Payments Platform will transform the banking experience for everyday Australians and put an end to the inconvenience of the ‘three day wait’.
ABA welcomes Farrell Report into Open Banking
9 February 2018: Banks are excited to enter the Open Banking age that will spark new innovations and deliver cutting edge products, with customers the big winner.
Competition in the Australian Financial System
7 February 2018: The Australian Bankers’ Association will carefully analyse the Productivity Commission Draft Report, consult with its members and make a further submission to inform the final report expected mid-year.
Debit card revolution continues!
1 February 2018: When Australians reach to pay for something, the debit card, using their own money, is often their first choice. In fact, debit card usage continues to outstrip all other cards, with a whopping 5.6 billion transactions over the year ending November 2017.
Australians becoming smarter with their cards as debt falls
​​​​​​​23 January 2018: New analysis reveals Australians are becoming smarter in the way they manage their credit cards, with overall debt falling over the past year, the percentage of debt accruing interest at a historical low and a very low use of available credit card limits.
Banks making progress in delivering better customer outcomes
18 January 2018: New research released today shows Australians believe banks are heading in the right direction, becoming more customer focused and are starting to see the Banking Reform Program – Better Banking deliver results.
Small business saves billions with lowest rates in decades
10 January 2018: Great news for Australian small businesses who are now paying $9 billion less in interest on current loans than compared to the same time in 2011, with the average interest paid the lowest in 20 years.

What’s new

Landmark reform package
11 Dec 2017
Read the full landmark reform package that will improve consumer outcomes and confidence in mortgage broking, prepared by the Combined Industry Forum.
Download PDF

ABA blog

Banking Code signals new era of rebuilding trust
Anna Bligh, Chief Executive, Australian Bankers' Association
Read more 2 Jan 2018

Latest tweets