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Banking

The Greens are committed to consumers being protected within a strong and robust banking and financial services sector in Australia. Banking is an essential service and therefore needs special government attention, regulation and support.

The Greens are committed to competition as a path to better banking services, but believe the structural reality of the Australian market means full competition is not possible or desirable, as it might see banks fail. Given this reality, we need to be prepared to take other steps to ensure consumers and the taxpayer gets a fair share of the protected market that the banking sector enjoys.

Banks credit card gouge must stop: Bandt

13 May 2013

Adam Bandt says something must be done to rein in the big banks who are gouging credit card customers.

Banks must pass on rate cut in full: Bandt

07 May 2013

The big banks are making record profits and must pass on in full today’s Reserve Bank interest rate cut Adam Bandt said.

Westpac profit build case for bank levy: Bandt

03 May 2013

Labor needs to have the guts to act on another record profit from one of the big four banks, says Adam Bandt.

Profits mean bank levy must be on Budget agenda: Bandt

30 Apr 2013

Adam Bandt says another record profit from ANZ announced today means the government should look to raise revenue from the big four banks.

Big banks’ world-leading profits could help Treasurer’s budget task: Bandt

27 Mar 2013

The RBA says the big four banks are making record profits. Adam Bandt says banks should contribute to the upcoming Budget bottom line.

Big 4 banks should pay a public support levy: Bandt

08 Mar 2013

Adam Bandt has outlined a proposal for a 'Public Support Levy' on the big four banks in return for the implicit "too-big-to-fai...

Ban ATM fees at big 4 banks: Greens

07 Jan 2013

Greens Deputy Leader and banking spokesperson, Adam Bandt, today released a proposal to ban the big 4 banks from charging ATM fees.

Greens will move for inquiry on lost accounts bill

31 Oct 2012

Adam Bandt says the Greens will move for a Senate inquiry into the government's 'Unclaimed Money' bill.

No good reason why Reserve failed to involve police: Bandt

08 Oct 2012

The Reserve Bank has still failed to satisfactorily explain why the Federal Police were never called in to investigate corrupti...

New RBA revelations means Treasurer must act

11 Sep 2012

new revelations in the Reserve Bank bribery scandal mean the Treasurer must establish a full judicial inquiry into the affair.