Help count the number of cashless outlets that banks are trying to pass off as branches.
In the ongoing war on cash, the big banks are opening cashless banking outlets, or shifting existing branches to cashless outlets.
These can take the form of “tellerless” outlets, or outlets where cash can only be deposited or withdrawn via automatic teller machines (ATMs).
Prime Minister Anthony Albanese’s headline agenda, which dominates media reporting, includes China, climate change, and a federal integrity commission. Besides those issues, he is now responsible for the unfinished business of the previous Parliament, on which his Labor Party took a position. Now that it is in a position to act on these issues, what will the Albanese government do?
Banking Royal Commission reforms
Australia Post, APRA/ASIC/ACCC/AUSTRAC, Royal Commission
More than half a million dollars’ compensation for a Liberal Minister’s mistress, but nothing to save elderly victims of ASIC from eviction?
To make a political problem go away, the Morrison government has expedited the payment of more than $500,000 to compensate a former Liberal Party staffer who had an affair with a senior government Minister.
On 4 April Labor’s Shadow Financial Services Minister Stephen Jones met with some Sterling First victims in Mandurah, WA. Before he arrived, one of the victims wrote on Facebook in anticipation: “Senior politicians do not invite over 100 people to a 2 hour meeting a few weeks out from an election to tell them ‘sorry I cannot help you’.”
The final report of the dramatic Senate inquiry into the Sterling Income Trust fiasco reveals how the federal corporate regulator and WA consumer protection agency betrayed 130 elderly and vulnerable victims. They have been left financially ruined, 20 have passed away and many others are terminally and chronically ill, and they all face eviction and homelessness.
