On 22 October 2021, the Government announced the establishment of a regional banking taskforce to assess the impact of bank branch closures on regional communities.
The Taskforce will bring together banks and other key stakeholders to assess how bank branch closures have impacted local businesses, industries and communities and work collaboratively to identify possible solutions.
The Co-Chairs of the Taskforce are:
- Assistant Treasurer, Minister for Housing and Minister for Homelessness, Social and Community Housing the Hon. Michael Sukkar reporting to the Treasurer and
- Senator Perin Davey reporting to the Minister for Emergency Management and National Recovery and Resilience and Minister for Regionalisation, Regional Communications and Regional Education, Senator the Hon. Bridget McKenzie.
The Taskforce will hold its first meeting in early November and will release an Issues Paper for public consultation before the end of the year.
Media and news
- Media release - Taskforce commences consultation on regional bank branch closures - 18 November 2021
- Media release - Taskforce to examine impacts of regional bank branch closures - 22 October 2021