Draft Determination AA1000683 – Application by the Australian Banking Association
This is a joint submission from Consumer Action Law Centre, Mob Strong Debt Help, Financial Rights Legal Centre, and Financial Counselling Australia.
Basic bank accounts (BBAs) are incredibly valuable products for low and no income customers. They support financial wellbeing and autonomy and prevent small account balances from being persistently eroded by fees
and charges.
We support the conditions maintained from the previous authorisation. We strongly support the further conditions contemplated in the Draft Determination and recommend the Australian Competition and Consumer Commission proceed on this basis.
Read the full submission (PDF).
Joint Consumer Submission – Application AA1000683 (1)