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Update

ACCC grants interim authorisation to the Australian Banking Association Ltd for certain provisions of the Banking Code of Practice

On 4 December 2024, the ACCC granted interim authorisation with conditions to the Australian Banking Association Ltd (ABA) to continue arrangements regarding its Banking Code of Practice.

Update

ACCC grants authorisation for banks to establish a program to jointly procure assurance reviews of mortgage aggregators

On 11 April 2024, the ACCC granted authorisation with conditions for the applicants and other industry participants to develop and implement a program to collectively acquire assurance services in relation to mortgage aggregators.

Update

ACCC grants interim authorisation to the Australian Banking Association

The ACCC has granted interim authorisation with conditions to the Australian Banking Association (ABA), its member banks, and other relevant industry participants to facilitate implementation of business continuity measures in the event of suspension or disruption to cash services in Australia.

Update

ACCC proposes to authorise Australian banks and other parties to discuss and develop industry solutions to support the cash-in-transit industry

The ACCC proposes to grant authorisation with conditions until 31 October 2024 to the Australian Banking Association, its member banks, and other industry participants.

Update

ACCC varies Australian Banking Association authorisation

On 1 February 2024 the ACCC issued a determination granting a minor variation to the Australian Banking Association’s authorisation to allow changes to certain minimum requirements of basic bank accounts offered to low-income customers under the Banking Code.

Update

Optus data breach: Information for APRA-regulated entities

The ACCC is working with the Federal Government, regulators and other relevant organisations to facilitate closer coordination of data sharing between Optus and Australian Prudential Regulation Authority-regulated entities.

Update

Customer Owned Banking code of practice authorised

The ACCC has granted authorisation to enable the Customer Owned Banking Association to implement certain provisions of its code of practice.

Update

Clarification on report of ACCC's position on ANZ's possible acquisition of MYOB

The ACCC is aware of a report that the ACCC has raised preliminary concerns regarding ANZ’s (ASX: ANZ) possible acquisition of MYOB, and that the ACCC will conduct a public review. The ACCC has not expressed any view on this possible transaction. If the transaction proceeds, the ACCC will make a decision on whether a public review will be conducted once it has received a submission from the parties. Details of any public review would be posted on our public register.

Update

ACCC authorises Allpoint and Allpoint+ ATM network arrangements

The ACCC has issued a determination granting authorisation to enable Cardtronics to agree with financial institutions who become members of its proposed Allpoint and Allpoint+ ATM networks that Cardtronics will provide their cardholders with surcharge-free ATM transactions.

Update

ACCC proposes to authorise changes to Customer Owned Banking Code of Practice

The ACCC proposes to grant authorisation to the Customer Owned Banking Association, and current and future members, to implement certain provisions of the Customer Owned Banking Code of Practice for five years.

Update

ACCC proposes to authorise Allpoint and Allpoint+ ATM network arrangements

The ACCC has issued a draft determination proposing to grant authorisation to enable Cardtronics to enter into agreements with financial institutions who become members of its proposed Allpoint and Allpoint+ ATM networks that Cardtronics will provide their cardholders with fee-free ATM transactions.

Update

Mortgage and Finance Association of Australia Disciplinary Rules re-authorised

The ACCC has decided to grant authorisation to the Mortgage and Finance Association Australia (MFAA), until 31 March 2027, to allow it to continue administer its disciplinary rules, which enforce the MFAA’s Code of Practice.

Update

ACCC grants interim authorisation for Allpoint ATM network

The ACCC has granted interim authorisation to enable Cardtronics and financial institutions who join a proposed Allpoint ATM network to reach agreements with Cardtronics to provide cardholders of these financial institutions with the ability to access surcharge free ATM transactions (cash withdrawals and balance checks) throughout the Allpoint ATM network.

Update

ACCC grants re-authorisation to the Finance Brokers Association of Australia

The ACCC has released a determination re-authorising the Finance Brokers Association of Australia Limited (FBAA) to continue to implement its disciplinary scheme (consisting of its Disciplinary Rules and certain clauses in its Constitution) (the Conduct) for a further 5 years.

Update

ACCC grants interim authorisation to Mortgage and Finance Association of Australia

The ACCC has granted interim authorisation to the Mortgage and Finance Association of Australia (the MFAA) to enable it to implement its revised Disciplinary Rules while the ACCC assesses the substantive application for re-authorisation.

Update

ACCC proposes to grant re-authorisation to the Finance Brokers Association of Australia

The ACCC has released a draft determination proposing to re-authorise the Finance Brokers Association of Australia Limited (FBAA) to enable it to continue to implement its disciplinary scheme (consisting of its Disciplinary Rules and certain clauses in its Constitution) (the Conduct) for a further 5 years.

Update

ACCC authorises ongoing banking sector cooperation on financial relief programs

The ACCC has issued a final determination granting authorisation to the Australian Banking Association and its member banks to continue to work together on developing financial relief programs for customers suffering hardship in the current COVID-19 pandemic conditions.

Update

ACCC varies conditions of Australian Banking Association authorisation

The ACCC has varied the reporting conditions that apply to the authorisation granted to the Australian Banking Association in 2019 in relation to its Banking Code.

Update

ACCC authorises Australian Banking Association to coordinate COVID-19 relief measures

The ACCC has issued a determination granting conditional authorisation to enable Australian Banking Association member banks and third party suppliers or agents (where relevant) to enter into agreements for the purpose of providing relief to bank customers who are suffering hardship (including reduced levels of service or reduced access to banking services), or may suffer such hardship without that conduct, as a result of the COVID-19 pandemic and associated government measures.

Update

ACCC issues draft determination proposing to grant conditional authorisation to the Australian Banking Association (ABA)

On 1 July 2020, the ACCC issued a draft determination proposing to grant conditional authorisation to the ABA.

Update

Authorisation granted for mortgage broking disciplinary rules

The ACCC has decided to grant authorisation to the Mortgage and Finance Association Australia (MFAA), for two years until 21 March 2022, to allow it to continue administer its disciplinary rules, which enforce the MFAA’s Code of Practice.

Update

Northern Rivers Councils to collectively bargain with financial institutions

On 27 March 2019, Byron Shire Council, Ballina Shire Council, Clarence Valley Council, Kyogle Shire Council, Rous County Council and Tweed Shire Council (together, ‘the Councils’) lodged a collective bargaining notification seeking to jointly tender, negotiate and administer individual contracts with a financial institution for banking and bill payment services.

Update

ACCC grants authorisation to Finance Brokers Association of Australia

The ACCC has issued a final determination granting authorisation until 15 March 2022 to the Finance Brokers Association of Australia (FBAA) in respect of a disciplinary scheme to enforce the code.

Update

ACCC grants authorisation to Superannuation Transaction Network stewardship arrangements

The ACCC has issued a final determination granting authorisation to the Association of Superannuation Funds of Australia in respect of stewardship arrangements for participation in the Superannuation Transaction Network.

Update

ACCC proposes to grant authorisation to the Finance Brokers Association of Australia

The ACCC has issued a draft determination proposing to grant authorisation for five years to the Finance Brokers Association of Australia in respect of a disciplinary scheme to enforce the FBAA Code of Conduct.

ACCC grants interim authorisation to the Australian Banking Association Ltd for certain provisions of the Banking Code of Practice

ACCC grants authorisation for banks to establish a program to jointly procure assurance reviews of mortgage aggregators

ACCC grants interim authorisation to the Australian Banking Association

ACCC proposes to authorise Australian banks and other parties to discuss and develop industry solutions to support the cash-in-transit industry

ACCC varies Australian Banking Association authorisation

Optus data breach: Information for APRA-regulated entities

Customer Owned Banking code of practice authorised

Clarification on report of ACCC's position on ANZ's possible acquisition of MYOB

ACCC authorises Allpoint and Allpoint+ ATM network arrangements

ACCC proposes to authorise changes to Customer Owned Banking Code of Practice

ACCC proposes to authorise Allpoint and Allpoint+ ATM network arrangements

Mortgage and Finance Association of Australia Disciplinary Rules re-authorised

ACCC grants interim authorisation for Allpoint ATM network

ACCC grants re-authorisation to the Finance Brokers Association of Australia

ACCC grants interim authorisation to Mortgage and Finance Association of Australia

ACCC proposes to grant re-authorisation to the Finance Brokers Association of Australia

ACCC authorises ongoing banking sector cooperation on financial relief programs

ACCC varies conditions of Australian Banking Association authorisation

ACCC authorises Australian Banking Association to coordinate COVID-19 relief measures

ACCC issues draft determination proposing to grant conditional authorisation to the Australian Banking Association (ABA)

Authorisation granted for mortgage broking disciplinary rules

Northern Rivers Councils to collectively bargain with financial institutions

ACCC grants authorisation to Finance Brokers Association of Australia

ACCC grants authorisation to Superannuation Transaction Network stewardship arrangements

ACCC proposes to grant authorisation to the Finance Brokers Association of Australia

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