15/10/2026
โBanks will never accept their products being misused in ways to control or coerce another person, with many now making it clear in their terms and conditions that abuse wonโt be tolerated." - ABA CEO Simon Birmingham
The ABA has welcomed the release of the Federal Governmentโs response to the Parliamentary Joint Committee on Corporations and Financial Servicesโ inquiry into financial abuse.
Banks are committed to protecting their customers from financial abuse. That is why the ABA is a member of the Financial Safety Alliance, a partnership with Flequity Ventures and three other finance sector industry associations to align approaches and strengthen safer design practices across the sector.
Last month, the ABA also released an updated industry guideline on financial abuse, bringing together separate resources on elder abuse and family and domestic violence into a single framework.
Read the media release here: https://www.ausbanking.org.au/australian-banks-continue-efforts-to-counter-financial-abuse/