The inquiry will examine the impacts of branch closures on communities, as well as the effectiveness of current data.
abc.net.au/news/bank-closures-prompt-federal-inquiry-regional-areas-big-four/101949308A parliamentary inquiry into regional bank closures will be held by the Senate, following the termination of hundreds of branches across the country.The federal Senate will hold an inquiry into regional bank closures, with findings to be delivered in December
The motion has been sent to the Rural and Regional Affairs and Transport references committee, with findings to be delivered by December 1."I've seen the withdrawal of a lot of essential services from regional towns, and I'm totally opposed to that," he said. "We'll hear from councils and local residents. We'll also hear from Australia Post and the banks themselves," he said.A report handed down last year by the Coalition-formed Regional Banking Taskforce called on banks to improve communication with locals when closing branches.FSU secretary Jason Hall hoped this latest inquiry would be handled differently."It didn't allow much consultation at all, and was basically run by the major banks.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cheap land, rates relief, high-rise apartments: Country towns get creative to ease housing squeezeIt's a cruel population paradox — regional Australia has plenty of cheap land and would-be buyers, but there are few houses for sale, and no builders to make new ones. Here's how some councils are tackling that.
Read more »
Goldman, UBS, Barrenjoey in box seat to pilot Virgin Australia IPOThree investment banks have emerged as lead contenders to manage Virgin Australia’s IPO.
Read more »
Bruce Lehrmann files defamation proceedings against Ten, News CorpFormer federal Liberal political staffer Bruce Lehrmann has filed defamation proceedings against Network Ten and News Corp over their coverage of rape allegations made by his former colleague Brittany Higgins.
Read more »
Russia begins major offensive in eastern Ukraine, Luhansk governor claimsSerhiy Haidai says Moscow’s forces are trying unsuccessfully to advance westwards in ‘maximum’ escalation
Read more »
A baby pulled from the ground, a family cheats death as rescuers find signs of hope in quake rubbleRescuers working to find people alive in the rubble left by Monday's Middle East earthquake find signs of life and hope amid the devastation.
Read more »
Twitter probably fumbled the Hunter Biden story. But don’t expect a sane investigation | Margaret SullivanWhy I’m not hopeful that the Republican-led House investigation will stay grounded in reality
Read more »