House of Representatives Committees

House Standing Committee on Economics

Committee activities (inquiries and reports)

Inquiry into competition in the banking and non-banking sectors

Inquiry home | | Media releases |

Terms of Reference

    The Committee should examine competition in the retail banking and non-banking sectors in Australia. The inquiry will pay particular attention to home mortgage products and linked facilities frequently offered to consumers such as credit cards and savings accounts.

  1. The Committee will undertake a stock take of the Australian retail banking and non-banking industries, focussing on:

    1. Recent developments in relation to products, providers and distribution channels;

    2. the current state of the retail banking and non-banking industries;

    3. the likely drivers of future change and innovation in the retail banking and non-banking sectors including the continuing impact of technological developments; and

    4. comparisons with relevant international jurisdictions.

  2. The Committee will also identify any barriers that may impact on competition in the retail banking and non-banking sectors, and policies to enhance further competition and product choice for consumers.

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