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Media Releases

The customer owned banking sector is growing faster than the overall banking sector as 12 months of Royal Commission hearings take their toll on Australia’s investor owned banks.

The Customer Owned Banking Association has called for action to reduce the unfair funding cost advantage enjoyed by the ‘Big Four’ banks.

The Australian banking sector is a step closer to becoming more competitive following the introduction of the Treasury Laws Amendment (Mutual Reforms) Bill 2019 into Federal Parliament’s Upper House today.

The Final Report of the Financial Services Royal Commission provides a road-map to ensure that customers’ interests are brought to the fore, and that community standards and expectations are met.

As Australians receive their credit card statements from December or look at their ‘buy now pay later’ debts, customer owned banking institutions are reminding Australians to look beyond credit next year.

Ahead of the release of the Financial Services Royal Commission’s final report, the Customer Owned Banking Association is urging Australia’s politicians to remember the critically important role of competition in delivering positive customer outcomes.

Australia’s customer owned banking institutions are being pressured to agree to an unfair pricing policy by Australia Post as it targets smaller institutions to pay excessive charges for access to Bank@Post.

The Customer Owned Banking Association has welcomed the Government’s release today of draft regulations to improve access to capital for customer owned banking institutions.

The Customer Owned Banking Association has appointed former Australian Securities and Investments Commission official Phil Khoury to conduct the review of the Customer Owned Banking Code of Practice (the Code).


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Mick Gibb
Corporate Affairs Manager
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M: +61 423 149 494
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