News

Key News: “The Cash Distribution Framework is an important piece of regulatory reform to ensure the continued availability of cash given the decline in its usage and recent uncertainties across the sector.” ABA CEO Simon Birmingham. Media release, 3 September 2026. Media & Communications Update: Political Update: Economic Update: Regulatory Update Upcoming Submissions Selected Media… Read more »

Key News: “You might just think it’s harmless letting somebody access your bank account and getting a few hundred bucks in return, but these are crime syndicates, these are money launderers. You may well be helping to scam a vulnerable Australian out of their life savings.” ABA CEO Simon Birmingham. Interview with 2SM’s Tim Webster,… Read more »

Key News: “Every dollar of bank profits that gets reinvested into bank capital, generates on the analysis we showed this week, $4.70 of economic activity across the Australian economy.” ABA CEO Simon Birmingham. Interview with Ross Greenwood, 21 June. Media & Communications Update: Political Update: Economic Update: Regulatory Update Upcoming Submissions Selected Media Warm regards,The… Read more »

“When we think about who owns banks and the relationship between shareholders and households, they’re not strangers, actually shareholders and households are siblings. They are one in the same. They are interconnected, and that has only grown over a period of time.”

“What does balancing the scales look like in our banks. It’s a set of decisions we make when no one is watching – it’s actions over words. People learn from what we tolerate not what we say.”

“In the statement following its decision in February, and in the subsequent minutes of the meeting, the Board noted that inflation is too high and that some of the recent increase in inflation is likely to persist.”

“Unfortunately, banking products are exploited by the perpetrators of totally unacceptable financial abuse. It’s despicable behaviour that we want to stamp out. Through this coordinated action, Australia is setting a new benchmark for how financial institutions can work together to prevent abuse and safeguard customers.”

“If we want our economic prosperity to continue, we need to be ambitious and collaborative in our thinking and our approach. We need to seize opportunities before us.”

“APRA’s announcement today is a welcome early step towards implementing the Council of Financial Regulators’ recommendations for a more level playing field for small and mid-tier banks.”

“…there are a lot of people who have credit cards in Australia, is there a risk that in changing the interchange fee arrangements – reducing the cap – that there will be a large number of people that will be paying higher fees, will be paying more for access to these services?”

“I look forward to working with key stakeholders at this conference in order to make sure that we can move forward with the CDR and that we can maximise the benefits for consumers and reduce the costs for industry.”

“Ban surcharging now, come up with targeted proposals to support small businesses in the banning of surcharges, but don’t take the big sledgehammer to interchange fees”