Banking

...the Government is releasing draft legislation to regulate the cash distribution sector to ensure it continues to serve the needs of Australians. This is about strengthening the cash distribution system, which is essential for the many Australians and businesses that rely on cash.

National Seniors Australia’s campaign to Keep Cash is working and cash is making a comeback as demonstrated by the RBA’s 2025 Consumer Payments Survey that shows cash usage is on the rise. The survey reveals cash usage has increased by number of transactions (15 per cent in 2025 compared to 13 per cent in 2022) and by the total value of transactions.

Today, Australia and the UK have signed an Investment Partnership to further unlock superannuation and pension capital investment between our countries. This new agreement will help to secure more two-way investment in jobs and industries and strong returns for investors from both countries.

Sebastian Calderon. Riverland farmers are being urged to look closely at South Australia's newly opened drought loan scheme, with Riverland Lending Services agribusiness (RLS) senior manager Jeff McDonald warning the concessional finance could bring both short term relief and long-term complications.

Investment in Australia’s oil and gas industries is being hamstrung by net zero policies of the major banks, despite the nation’s escalating fuel crisis ... “I am extremely concerned that the net zero policies of Australian banks prevent them from supporting businesses that have been trying to increase the production of oil, simply because they’re in the business of ‘fossil fuels’.

In a stunning act of betrayal, the Liberal and National parties have back-flipped on a commitment made in the Senate just seven days earlier and voted with Labor to scuttle a motion that would have relegated the Government’s problematic cash mandate regulations to history ... Senator Michaelia Cash stood up last Tuesday and, speaking for both the Liberals and National parties, ridiculed the proposal and accused One Nation of trying to “ban cash”.

Anyone trying to understand why regional Australians are turning their backs on the major parties need only look at what happened when a motion to disallow the Government’s problematic cash mandate regulations came up for vote in the Senate this week. Lodged by One Nation senator Malcolm Roberts, the motion had the numbers to pass...

Murrindindi Shire Council has expressed deep concern about the decision to close the Community Bank Kinglake branch, warning it risks undermining bushfire recovery and will leave the community without a critical local service. The branch will close on Friday 5 June 2026, forcing residents to travel around 25 kilometres to access the nearest full-service bank in Hurstbridge.

“Expect shenanigans.” This ominous warning was included when news came on the morning of Tuesday 24 March that the debate on the motion to disallow the Albanese Government’s controversial cash mandate regulations had been scheduled to continue in the Senate that day. This Tuesday, Australians were treated to a lesson in filibustering 101 by two grown women who should, quite honestly, be ashamed of themselves.

CPA Australia warns today’s interest rate rise will deepen the cost-of-living crisis and make it tougher for many small businesses – particularly those heavily reliant on fuel. With fuel prices surging, inflation remaining stubborn across essential goods and services, and consumer confidence weak, households and businesses face a perfect storm of rising costs and weakened resilience.

The former ANZ Bank building in Walker Street, Casino looks like it will be back in action after sitting empty for many years ... Jade Finance Australia has offices in every major city in Australia and is expanding its Casino Barker Street office and moving to the historical Walker Street building.

While its neighbour Central Darling Shire was appearing on the NSW Auditor General's watchlist of financially vulnerable councils at the same time, Carrathool Shire Council was reviewing a financial position that reads more comfortably than most local governments in the state could claim. 

Geopolitics remains the "dominant risk factor" for Australian agriculture in the year ahead, Rabobank says in its newly-released annual outlook, with the prospect that fast-changing global trade rules and volatile commodity prices are set to continue.

Queensland’s Sunshine Coast remains the perennial favourite, but cooler climates are proving popular, with Tasmania and regional Victoria appealing to more Australians looking for a change ... “We are seeing interesting moves in the southern states with Victoria’s Wodonga seeing the strongest annual net migration growth, while three Tassie spots Latrobe, Devonport and Huon Valley – ranked second to fourth.

Love it, hate it or don’t even understand it, Bendigo Bank’s multi-million dollar “Better Big Bank” marketing campaign has raised a lot of questions since its launch seven years ago ... A review of the “last bank out” of regional towns across Australia since 2020 has revealed that Bendigo has left more communities without banking services than all four big banks put together.

Community feedback confirmed grocery and fuel purchases are essential and today’s changes mean that from 1 January 2026, most retailers must accept cash for in-person transactions of $500 or less between 7am and 9pm. Small businesses with aggregate annual turnover under $10 million will be exempted from the mandate, however, the mandate will apply to small businesses that choose to share a trademark with a larger retailer.

Major-brand supermarkets and fuel retailers in bankless towns could be eligible for exemptions from the Federal Government’s proposed cash mandate regulations under exceptional circumstances provisions, an official from Treasury confirmed today during Senate Estimates hearings. The information was obtained by WA Senator Tyron Whitten in a series of questions about regional banking services.

Liz Lawrence. Narrandera Bendigo Bank branch took out the main award, Best Business any size, at the Narrandera Rotary Club and Narrandera Business Group Annual Business awards formal dinner last week.

Threatened wildlife like the critically endangered South-east Red-tailed Black-cockatoo have a bright future thanks to a renewed conservation partnership with Bank Australia in the Wimmera. Conservation organisation Trust for Nature is partnering with Bank Australia to manage the bank's 2,117 hectare conservation reserve...

Plans announced by Westpac today are little more than “tokenistic and cosmetic” and do nothing to address the fundamental crisis facing bank branches in regional and remote communities, says the Regional Banking Investment Alliance (RBIA).

Westpac has announced it will extend its moratorium on regional branch closures and pilot a new way to deliver banking services to regional communities through a new Community Banking Service. Westpac first implemented a pause on regional branch closures in 2023 which was extended earlier this year until mid-2027.

Hope has turned to disappointment for cash supporters nationwide as consultation on the government’s ‘watered-down’ cash mandate exposure draft regulations closes Friday 7 November ... “The promised mandate is more restrictive than initially proposed with medications, utilities, telecommunications services, and other items no longer considered essential": NSA CEO Chris Grice.