In today’s show we look at the latest inquiry into Banking, which is looking at how regional areas in Australia are and should be supported. Whilst the short-hand answer might appear to be go on-line, the truth is connectivity in many areas is still shaky, some services still need face to face interaction, yet banks are shutting branches and removing ATMs, in an attempt to drive down costs. There has been a 24 per cent fall in regional bank branches over the last four years, and this does not count the increasing number only open for a few hours a week.
You can make a submission for the next month or so. https://treasury.gov.au/consultation/c2021-222961
I discuss with Robbie Barwick from The Citizens Party.
https://www.theregional.com.au/post/big-four-banks-casting-a-dangerous-shadow-in-regional-australia
https://www.theregional.com.au/post/why-i-counted-every-bank-in-regional-australia
https://www.theregional.com.au/closure-update-first-half-2021
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