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Weekly Update: 25.02.2022
25 February 2022
“Most of us are now using our banking services 24 hours a day, seven days a week at our own convenience, moving money around, paying bills at 10 o’clock on a Saturday night and effectively carrying the bank branch in our handbag or in our back pocket or in our mobile phones.” – Anna Bligh, Radio 2GB
- The Prime Minister and Foreign Minister released a joint-media statement on Russia’s invasion of Ukraine including the announcement of sanctions. The Opposition Leader also released a media statement.
- The Federal Government has announced a commitment of $2.8 million to improve digital approaches to document execution and develop practical resources to support further application of the Electronic Transactions Act 1999.
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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 »