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ABA policy team members visited flood-impacted communities in Victoria, including attendance at an Insurance Council of Australia-led town hall in Rochester.

employment increased to 13,623,700.

“As we enter a new era of economic challenges, banks will continue to collaborate with the agribusiness sector.”

Seasonally adjusted private sector wages rose 1.2% over the September quarter 2022, the highest quarterly rate of wages growth since September quarter 2010.

The ABA Agribusiness Report 2022 shows new bank lending to Australian farmers hit record levels with a 29% increase in average monthly lending to $4.2 billion in the 12 months to February 2022.

Lenders are now taking a harder line on BNPL activities, which the brokerage says are now appearing on credit reports.

A blatant new form of “spoofing” scam – where fraudsters are able to infiltrate into pre-existing genuine text message threads from banks – has hit Australian customers.

The spectacular collapse of US crypto exchange FTX is adding to pressure to strengthen protections for local investors, with many likely to see their holdings in cryptocurrencies held through the platform disappear into the digital void.

“The bank robbers of the 21st century do not use sawn-off shotguns – they are sitting at a computer trying to get into your account and trying to trick you into letting them in.”

“We’ve seen about a 20% increase in farm and agribusiness scams over the last 12 months, most of them in the payment for things like heavy equipment. “

“a whole-of-economy problem needs a whole-of-government approach”

“ut banks do have to get the balance right between the profits they make for their shareholders, and through those shareholders, the broader community, and the money that they spend keeping their customers and their customers money safe.”