COBA congratulates Government on its victory


The Customer Owned Banking Association congratulates the Morrison Government on its victory and the Opposition on its campaign.

Customer Owned Banking Association CEO Michael Lawrence said the customer owned banking sector looks forward to continuing constructive conversations with both sides of Parliament.

“Congratulations to the Coalition for its election victory and to both parties for their campaigns.

“We also congratulate all incoming and returning Members of Parliament. We look forward to fostering new relationships and strengthening existing ones to promote a more competitive banking sector to produce better outcomes for Australian consumers.

“As the election dust settles, COBA will continue to have constructive conversations with both sides of parliament about improving banking competition.

“There is a lot of work for the incoming Parliament to do to ensure we have a dynamic and diverse banking sector in Australia.

“With the election campaign finished, there is an opportunity to improve legislative and regulatory frameworks to promote competition in retail banking.”

A PDF of the release can be found here