Australian Banking Association (financial relief programs)


On 12 July 2021, the Australian Banking Association (ABA) applied for revocation of authorisation AA1000482 and substitution of AA1000563 (re-authorisation) on behalf of its current and future member banks (Member Banks) (including third party suppliers and/or agents, where relevant) and their subsidiary banks.

In the context of the current Covid-19 pandemic conditions, the ABA is seeking re-authorisation under the Competition and Consumer Act 2010 (Cth). Broadly, re-authorisation would give Member Banks legal protection to continue to discuss, agree, and give effect to any contract, arrangement or understanding between them for the benefit of their customers with the purpose of providing financial relief and assistance to customers in any sector of the economy or customer segment, supporting government initiatives and ensuring high levels of customer service and access to banking (the Conduct). The ABA is seeking re-authorisation until 30 June 2022.

The ABA has also requested interim authorisation to allow its members to continue to engage in the Conduct prior to the ACCC’s final determination in relation to the substantive application for authorisation.

On 12 August 2021, the ACCC granted interim authorisation allowing the Applicants to engage in the Conduct. The ACCC also issued a draft determination proposing to grant authorisation until 30 June 2022. The ACCC invites submissions on the draft determination by 2 September 2021.

Copies of the application for authorisation, the interim authorisation decision and the draft determination are available below.

A timetable is set out below for your information.

Indicative date

Stage in assessment process

12 July 2021

Lodgement of application and supporting submission.

15 July 2021

Public consultation process begins.

29 July 2021

Closing date for submissions on the application for authorisation and interim authorisation.

12 August 2021

ACCC decision regarding interim authorisation and draft determination

2 September 2021

Closing date to request pre-decision conference and for submissions in response to the draft determination

September 2021

Final determination.


  • Australian Banking Association

Authorisation number(s)

  • AA1000563-1