The Epoch Times
The Epoch Times
AD
The Epoch Times
Support Us
Australia News

More Regulation Urged for Banks ‘Failing’ Rural Towns

More Regulation Urged for Banks ‘Failing’ Rural Towns
A man walks past a branch of the National Australia Bank (NAB) in Melbourne, Australia, on May 6, 2021. William West/AFP via Getty Images
AAP
AAP
5/24/2024|Updated: 5/24/2024
0:00

A banking regulator should have veto power over branch closures, otherwise country communities will continue to pay the price of losing essential services, a long-running inquiry has found.

The Senate inquiry into branch closures across rural Australia released its final report on May 24 afternoon, making eight recommendations to protect the future of regional banking.

AAP
AAP
Author
Australian Associated Press is an Australian news agency.
Author’s Selected Articles
Israeli President Cancels Visit to Melbourne Synagogue Over Security Concerns
Feb 12, 2026
Israeli President Cancels Visit to Melbourne Synagogue Over Security Concerns
Victorian Premier Denies Turning Blind Eye to CFMEU Corruption
Feb 11, 2026
Victorian Premier Denies Turning Blind Eye to CFMEU Corruption
Albanese Pushes Israeli President on Australian Aid Worker’s Death
Feb 11, 2026
Albanese Pushes Israeli President on Australian Aid Worker’s Death
Victoria Moves to Allow Up to 20-Storey Developments in High-Activity Suburbs
Feb 11, 2026
Victoria Moves to Allow Up to 20-Storey Developments in High-Activity Suburbs
Add to My List
Save
The Epoch Times
Copyright © 2000 - 2026 The Epoch Times Association Inc. All Rights Reserved.