Terms of Reference

The Treasurer, the Hon Jim Chalmers MP, has requested that the Standing Committee on Economics conduct an inquiry into Australia’s four major banks in the 48th Parliament. The committee will hold at least annual public hearings with the four major banks to inquire into matters relating to:

• Interest rates on deposit and loan products, the financial position of borrowers and the role of banks in supporting the flow of credit to households and businesses, including the influence of competition, profit margins and exposure to risk on bank funding costs and lending rates

• The impact of proposed changes to surcharging, interchange caps and fee transparency

• How banks are interacting with their customers, particularly through the operation of dispute resolution and remediation processes

• How banks are using artificial intelligence and other emerging technologies, particularly in relation to loan processing, cyber security, fraud protection and customer service

• Actions taken by banks to protect their customers from scams, including scam prevention, detection and response (noting the pending introduction of the Scams Prevention Framework)

• Banks’ service delivery and operational performance, including access to banking in regional, rural and remote areas and availability of payment services to household and business customers

• How banks are responding to the risks and opportunities of climate change, and how the banking sector can support Australia’s progress toward climate and other sustainability-related goals

• The ongoing implementation of recommendations of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry


Committee Secretariat contact:

Committee Secretary
Standing Committee on Economics
PO Box 6021
Parliament House
Canberra ACT 2600

Phone: (02) 6277 4587
economics.reps@aph.gov.au

About this inquiry

The House of Representatives Standing Committee on Economics will hold annual public hearings with Australia’s four major banks

Track Inquiry

Upcoming Public Hearings

18 Nov 2025: Canberra
19 Nov 2025: Canberra

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Inquiry Status

Current

Accessibility

We are committed to ensuring that everyone who wishes to can participate in the Committee’s inquiry. If you have accessibility requirements, please contact the Committee Secretariat.

Further information regarding accessibility can be found at www.aph.gov.au/Help/Accessibility