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Taskforce starts consultation on regional bank closures

A Regional Banking Taskforce has been established by the federal government to find solutions to the shutdown of bank branches throughout Australia.

23 November 2021

Assistant Treasurer, Minister for Housing and Minister for Homelessness Social and Community Housing, Michael Sukkar, and Senator Perin Davey will be co-chairs on the taskforce and are beginning public consultations as soon as possible.

People can contribute their insights into regional bank branch closures by making submissions to the Taskforce over the coming weeks, which will help the government better understand the impacts of branch closures and how Australians are accessing banking services. They will also help improve banking services and accessibility where branches have closed.

The Taskforce will continue exploring potential solutions for maintaining and improving banking services and accessibility with meetings scheduled for December 2021 and January 2022.

More information about the Taskforce and the issues paper is available on the Treasury website.

Submissions are invited by email to regionalbanking@treasury.gov.au or by mail to: Secretariat, Regional Banking Taskforce, Financial System Division, The Treasury, Langton Crescent, Parkes ACT 2600.

The consultation process will open for four weeks with submissions closing 18 December 2021.

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