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Weekly Update 01.04.22: Modern slavery, sec assets up 8%; credit cards 2.1%
4 April 2022
“Banks have come together to share knowledge and to develop a common understanding of the face of modern slavery in Australia. This document is the outcome of that shared knowledge and a starting point for future collaborations.”ABA CEO Anna Bligh, Modern Slavery Working Paper
Parliamentary Update:
- Treasurer Josh Frydenberg delivered the 2022-23 Federal Budget on Tuesday night. Read the Transcript.
- Opposition Leader Anthony Albanese gave his Budget Reply on Thursday.
- The ABA’s Budget Summary is available here
- Parliament passed these bills this week:
Regulatory Update:
Michelle Bullock has been appointed by the RBA as its first female deputy governor, effective immediately. She replaces the outgoing Guy Debelle.
Latest 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 »