Bank closures in regional Australia

On 8 February 2023, the following matter was referred to the Rural and Regional Affairs and Transport References Committee for inquiry and report by 1 December 2023.

The current extent of bank closures in regional Australia, with reference to:

  1. the branch closure process, including the reasons given for closures;
  2. the economic and welfare impacts of bank closures on customers and regional communities;
  3. the effect of bank closures or the removal of face-to-face cash services on access to cash;
  4. the effectiveness of government banking statistics capturing and reporting regional service levels, including the Australian Prudential Regulation Authority's authorised deposit-taking institutions points of presence data;
  5. consideration of solutions; and any other related matters.

Submissions closed on 28 April 2023.

On 14 September 2023, the Senate granted an extension of time to report until 16 May 2024

On 18 October 2023 the committee agreed to reopen submissions until 29 February 2024.

 

Committee Secretariat contact:

Committee Secretary
Senate Standing Committees on Rural and Regional Affairs and Transport
PO Box 6100
Parliament House
Canberra ACT 2600

Phone: +61 2 6277 3511
rrat.sen@aph.gov.au

Upcoming Public Hearings

13 Mar 2024: Tom Price

Past Public Hearings

21 Feb 2024: Kingston S.E
01 Dec 2023: Canberra
21 Sep 2023: Junee

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Inquiry Status

Accepting Submissions

How to make a submission

The committee invites individuals and organisations to send in their opinions and proposals in writing (submissions)

Accessibility

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